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Canadian transportation firm TransForce Income Fund said Monday it earned C$55.1 million or 64 cents a share in the fourth quarter, up from C$35.9 million or 47 cents a year earlier. Fourth-quarter revenue rose 9% to C$456.8 million from a year earlier, the company said in a statement. For the year, TransForce earned C$151 million or C$1.78 a share, up from C$147.3 million or C$1.97 a year earlier. Revenue rose 21% to C$1.8 billion, a record. The company announced its acquisition of Westfreight Systems and Westfreight Holdings (U.S.A.) earlier this year. (Click here for previous coverage.) TransForce is ranked No. 22 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
February 26, 2007 11:00 AM, EST