TransForce Reports Improved First-Quarter Income, Revenue

April 27, 2006 9:45 AM, EDT

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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.

During the quarter, TransForce completed acquisition of three oilfield services companies. (Click here for previous coverage.)

TransForce is ranked No. 26 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.