Trimac’s First-Quarter Earnings Decline
Trimac Transportation’s first-quarter earnings declined from a year ago, and revenue improved.
Earnings before interest taxes, depreciation and amortization slipped to C$3 million from C$3.1 million a year ago.
Revenue before fuel surcharges rose 3% to C$95.9 million, Calgary, Alberta-based Trimac said.
“Although the cold weather we experienced during the quarter was one of the most challenging environments in the past several years, we were able to improve revenue including fuel surcharges,” Trimac President Edward Malysa said in a statement.
The company said it expects moderate growth for the rest of the year, but finding drivers and mechanics continues to be an issue.
Trimac Transportation is part of the Trimac Group, which ranks No. 39 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.
