Trimac’s Second-Quarter Income Drops

Canada-based transportation firm Trimac Income Fund said its second-quarter net earnings plunged to C$2.6 million, or 9 cents per unit, from C$7.9 million, or 17 cents, a year ago.

Revenue dipped to C$83 million, from C$84.2 million, Trimac said late Tuesday.

The company does not include its U.S. operations in its publicly stated earnings, which only encompass Trimac Income Fund and its Canadian operations.

Trimac Income Fund is the Canadian segment of Trimac Group, which ranks No. 42 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.