Contrans’ Second-Quarter Income Falls

Canadian firm Contrans Income Fund said that its second-quarter profit was C$6.2 million, or 20 cents per unit, down from C$10.2 million, or 35 cents, a year ago.

Revenue fell to C$87.4 million from $129.7 million a year ago, while transportation revenue dropped to C$81.4 million, from $105.8 million, Contrans said.

Contrans is ranked No. 55 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.