Business
TransForce Inc. Announces 2010 Third Quarter Results
TransForce Inc. Announces 2010 Third Quarter Results
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\n Oct. 28, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\nRevenues increased 11% to $499.5 million\n\n\nEBITDA increased 20% to $74.5 million\n\n\nRecord EBITDA margin of 14.9%\n\n\nAdjusted EPS increased 71% to $0.24\n\n\n\nMONTREAL, Oct. 28 /CNW Telbec/ - TransForce Inc. ("TransForce" or "the\n Company") (TSX: TFI - T), the leader in the Canadian transportation and\n logistics industry, today announced its results for the third quarter\n and first nine months ended September 30, 2010.  Despite continuing\n weak industry conditions, TransForce translated a moderate rise in\n revenues into greater increases in its most important performance\n measures such as EBITDA and adjusted net income and achieved its\n highest EBITDA margin in the last five years.\n\n\n"The third quarter continued the trends established earlier in the year.\n The economic recovery is not as robust as some predicted but we kept\n firm control on our costs. In this difficult environment, we were\n pleased to see strong performance from the Package and Courier segment\n and the oilfield and oilsands services companies," said Alain Bédard,\n Chairman, President and Chief Executive Officer of TransForce Inc. \n "Real improvement for the industry is slow in coming so we will\n maintain our highly disciplined approach which has produced good\n results for our shareholders."\n\n\nIn the third quarter, TransForce acquired substantially all the assets...