TransForce Reports Record Fourth-Quarter Results

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anadian transportation and logistics firm TransForce Income Fund Friday reported record results for its fourth quarter, with a profit of $31.3 million or 41 cents a share, up from $17.5 million or 30 cents a year earlier.

Revenue rose 25% to $370 million, the company said in a statement. Earnings before interest, taxes, depreciation and amortization grew to $52.4 million from $37 million a year ago.

For the full year, the company earned $128.3 million or $1.74 a share, up from $56.3 million or 98 cents a year earlier. Revenue rose to $1.3 billion, from $960 million.

"The record results for the fourth quarter continued the strong performance of the rest of the year and contributed to the best year ever for TransForce,” said Chairman and Chief Executive Officer Alain Bédard.

He said the company’s acquisitions during the year contributed significantly to the improved results. (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.