TransForce Reports Lower 3Q Income

Canadian transportation firm TransForce Inc. said its third-quarter net income slipped to C$26.5 million, or 31 cents per unit, from C$28.5 million, or 33 cents, a year ago.

Revenue rose 23% to C$595.5 million, partly due to “significant acquisitions in the past year,” the company said in a statement.

TransForce Inc. is ranked No. 16 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.