Contrans' 2Q Income Edges Higher

 Updated:
8/5/2011 11:00:00 AM

Company Cites Three Recent Acquisitions

Canadian carrier Contrans Group reported second-quarter net income of C$5.2 million, or 15 cents a share, compared with C$5.1 million, or 16 cents, a year earlier.

Revenue excluding fuel surcharges rose to C$107.6 million, from $C101 million a year ago, the Woodstock, Ontario-based company said late Thursday. Transportation services revenue rose to C$91.8 million, from C$91.1 million.

Contrans said it completed three acquisitions in July — two bulk carriers and a flatbed carrier.

The company was “recently awarded contracts that we expect will, by themselves, add more than $10 million of revenue annually to our top line,� Chairman and CEO Stan Dunford said in a statement.

Contrans is ranked No. 60 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.




© 2010, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

CRST Acquires Specialized To Expand Menu of Services (8/8/2011 2:45:00 AM)
Contrans’ 2Q Income Edges Higher (8/5/2011 11:00:00 AM)
Contrans Says 1Q Income Slips; Boosts Dividend (5/6/2011 12:30:00 PM)
Contrans’ Fourth-Quarter Income Slips (3/2/2011 7:30:00 AM)
Contrans’ First-Quarter Income Rises (5/12/2010 10:30:00 AM)
Contrans’ Second-Quarter Income Falls (8/12/2009 11:45:00 AM)
 
LATEST NEWS

Click Here!

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.