TransForce Reports Improved First-Quarter Income, Revenue
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During the quarter, TransForce completed acquisition of three oilfield services companies. (Click here for previous coverage.)
anadian transportation firm TransForce Income Fund late Wednesday reported its first-quarter net income rose to C$22 million or 28 cents a share, up from C$13.9 million or 23 cents a year earlier.
Revenue rose 37% to C$438.2 million, the company said in a statement.
Earnings before interest, taxes, depreciation and amortization grew to C$50.2 million from C$35.1 million a year ago.
TransForce is ranked No. 26 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
