Trimac Income Fund’s Earnings, Revenue Improve
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Trimac did not issue per-unit payouts for the comparable periods last year because the fund did not start operating until Feb. 25, 2005.
anadian transportation firm Trimac Income Fund late Thursday reported it earned C$5.7 million in the fourth quarter or 13 cents per unit, up from C$2.1 million a year earlier.
Revenue rose to C$85 million, of which C$80.9 million was trucking; the remainder was logistics revenue.
For the full year, the company earned C$15.4 million or 33 cents on revenue of C$313.6 million, up from C$7 million on revenue of C$310.3 million the previous year.
Trimac Transportation System is ranked No. 41 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
