Wheels Group’s First-Quarter Loss Narrows

Canadian logistics company Wheels Group said its first-quarter loss narrowed from a year ago.

The Toronto-based company lost C$600,000, or 1 cent a share, compared with a loss of $1.2 million, or 1 cent, a year ago. Shares rose to 90 million from 88 million.

Revenue rose 32% to C$84.9 million, with U.S. segment revenue up about 30% to C$45.2 million.