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Contrans' 2Q Income Edges Higher

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.


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)

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Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA