TransForce Reports Dip in 1Q Income

Canadian transportation firm TransForce Income Fund said Wednesday its first-quarter net income was C$19.1 million, or 22 cents per unit, compared with C$20.9 million, or 24 cents, a year ago.
 
Revenue rose 13% to C$526.3 million, TransForce said in a statement.

TransForce is ranked No. 19 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.