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April 24, 2007 11:30 AM, EDT

TransForce’s Income Dips

Canadian transportation firm TransForce Income Fund said Tuesday it earned C$20.9 million or 24 cents a share in the first quarter, down from C$22.1 million or 27 cents a year earlier.

Revenue rose 7% to C$464.8 million from a year earlier, the company said in a statement.

In the quarter, TransForce completed its acquisition of Westfreight Systems and Westfreight Holdings.

TransForce is ranked No. 22 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.