TransForce Inc

Type: Company
Name: TransForce Inc
First reported Jul 29 2014 - Updated Jul 29 2014 - 4 reports

Contrans Second-Quarter Profit Rises on Sales of Waste-Collection Business

Ourbis Communications Inc.Canadian carrier Contrans Group’s second-quarter profit rose, in part on the sale of its waste-collection segment, the company said.Net income rose to C$10 million, or 29 cents a share, from C$7.4 million, or 22 cents, a year ... [Published Transport Topics - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

TransForce Price Target Increased to C$34.00 by Analysts at Cowen and Company (TFI)

Cowen and Company upped their target price on shares of TransForce (TSE:TFI) TransForce (TSE:TFI) traded up 1.77% on Tuesday, hitting $27.67. The stock had a trading volume of 108,814 shares. TransForce has a 52-week low of $20.60 and a 52-week high of ... [Published American Banking News - Stock Ratings - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Globe says TransForce maintained at "outperform"

The Globe and Mail reports in its Tuesday, July 29, edition that coming off a big recent acquisition, TransForce ($27.19) could follow it up with a spin off or sale of one of its trucking divisions, as deal activity heats up in the transportation space, ... [Published Stockwatch - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 29 2014 - 3 reports

TransForce's (TFIFF) CEO Alain Bédard on Q2 2014 Results - Earnings Call Transcript

TransForce Inc. ( OTCQX:TFIFF ) Q2 2014 Earnings Conference Call July 25, 2014 9:00 AM ETOperatorGood morning ladies and gentlemen and thank you for standing by. Welcome to the TransForce 2014 Second Quarter Results Conference Call. At this time, all ... [Published Seeking Alpha - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Former majority shareholder of Yukos oil company says Russia ordered to pay over $50 billion

28.07.2014LONDON - The former majority shareholder in Yukos Oil Company says it has won in excess of $50 billion in a court ruling against Russia.28.07.2014TORONTO - A new poll suggests that health and medical costs are the biggest financial worry for ... [Published Newstalk 1290 CJBK - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 28 2014 - 2 reports

Globe/CP say TransForce boss looks for 2015 recovery

The Globe and Mail reports in its Monday edition high personal debt levels and rising taxes in Ontario and Quebec are constraining the Canadian economic growth needed to support a recovery of the trucking sector, says the chief executive officer of TransForce. ... [Published Stockwatch - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 26 2014 - 11 reports

TransForce secures trucking might with Contrans takeover

CBC News Friday 25th July, 2014TransForce is buying Ontario trucking firm Contrans. (Canadian Press) Canada's largest trucking company, TransForce Inc., is set to become a national powerhouse in the specialized trucking business with a proposed friendly ... [Published Canada Standard - Jul 26 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 2 reports

CANADA STOCKS-Gold miners, banks push TSX to record close

(Adds portfolio manager comment, updates prices to close)By Alastair SharpTORONTO, July 25 (Reuters) - Canada's main stock indexshowed no signs of slowing its ascent into uncharted territoryon Friday, with gold miners and banks helping it to anotherrecord ... [Published Reuters - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

TransForce Bids to Buy Contrans for $495M

MONTREAL— TransForce has offered to buy Contrans for about $495 million in cash.TransForce bid $14.60 in cash per share for Woodstock-based trucking company, Contrans."I have admired the progress of Contrans for some time,” said Alain Bédard, president ... [Published Todays Trucking - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Friday's most followed in Canada including Fortune, Canfor, General Moly, TransForce, Shoreline, MDC Partners, SNC-Lavalin, DragonWave, Bacanora, Avrupa Minerals

1:36 pm by ProactiveInvestors TransForce Inc. (TSE:TFI), a Canadian transportation and logistics company, surged 9.4 percent to C$27.54 after posting better-than-expected second-quarter results and agreeing to acquire Contrans Corp. for C$495 mill ... [Published Proactive Investors USA - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

TSX advances for 4th day as miners climb on gold rally; TransForce Jumps

12:52 pm by TransForce Inc. (TSE:TFI), a Canadian transportation and logistics company, surged 9.8 percent to C$27.60 after posting better-than-expected second-quarter results and agreeing to acquire Contrans Corp. for C$495 million.Canadian shares advanced ... [Published Proactive Investors USA - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 25 2014 - 8 reports

TransForce Inc signs agreement to acquire Contrans Group Inc

TransForce Inc and Contrans Group Inc:Says that they have entered into a Support Agreement for the acquisition by TransForce, for $14.60 in cash per share, of all of the issued and outstanding Class A subordinate voting shares and Class B multiple voting ... [Published Reuters - Jul 25 2014]

Quotes

..."I am very pleased with Contrans' second quarter results," stated Contrans Group Inc.'s Chairman and Chief Executive Officer, Stan Dunford. "The Company recorded strong earnings, a reflection of continuing good management of our operations and improved business conditions. Contrans also sold its waste collection segment during the second quarter. This sale generated over $70 million in proceeds and contributed an after-tax gain of $26.3 million ($0.76 diluted earnings per share)."
...deal has likely been shopped, we think there is still a good chance that the eventual takeout price will be higher," the analyst said in a note. "We believe there could be interest from other Canadian or U S players"
Contrans — a well-oiled, lean machine: "I'm buying the company in my mind at a huge price. It's fair, agreed, but it's a lot of dollars, lots of investment. So I'm not going to change the recipe" Bedard said
"I have admired the progress of Contrans for some time. Contrans has a culture similar to that of TransForce, strategically acquiring companies that add value for its shareholders. Contrans has a history of profitability, is financially sound and has seen steady growth over the years. From transportation facilities located mostly in Canada, Contrans offers customers a wide array of specialized services. This acquisition provides exciting potential for TransForce, adding strong resources, an excellent client base, and importantly, very strong management" said Alain Bédard, Chairman President and ChiefChief Executive Officer of TransForce

More Content

All (89) | News (76) | Reports (0) | Blogs (10) | Audio/Video (0) | Fact Sheets (0) | Press Releases (3)
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Contrans Second-Quarter Profit Rises on Sales o... [Published Transport Topics - Jul 29 2014]
Contrans Q2 profit soars to $36.8 million thank... [Published Brandon Sun - Jul 29 2014]
Contrans Announces Second Quarter Results [Published TickerTech.com - Jul 29 2014]
TransForce Price Target Increased to C$34.00 by... [Published American Banking News - Stock Ratings - Jul 29 2014]
Post says TransForce may have to raise Contrans... [Published Stockwatch - Jul 29 2014]
Globe says TransForce maintained at "outperform" [Published Stockwatch - Jul 29 2014]
TransForce's (TFIFF) CEO Alain Bédard on Q2 201... [Published Seeking Alpha - Jul 29 2014]
TransForce Price Target Increased to C$31.00 by... [Published American Banking News - Stock Ratings - Jul 28 2014]
Can TransForce Deliver Growth to Your Portfolio? [Published Motley Fool - Jul 28 2014]
7 Reasons Why Bédard Made His Biggest Deal Ever [Published Todays Trucking - Jul 28 2014]
TransForce offers C$495 million for flatbed, ta... [Published Journal of Commerce - Jul 28 2014]
Contrans : 07.28.2014 Transforce Signs Agreemen... [Published 4 Traders - Jul 28 2014]
07.28.2014 Transforce Signs Agreement to Acquir... [Published Noodls - Jul 28 2014]
Globe/CP say TransForce boss looks for 2015 rec... [Published Stockwatch - Jul 28 2014]
Globe says TransForce's Contrans buy sign of th... [Published Stockwatch - Jul 28 2014]
TransForce may need to hike offer for Contrans [Published Financial Post - Top Stories - Jul 28 2014]
TransForce may need to hike offer for Contrans [Published Financial Post | Business » Trading Desk - Jul 28 2014]
TransForce signs agreement to acquire Contrans ... [Published Transport Intelligence - Jul 28 2014]
TransForce to take over Contrans in mega-merger... [Published Canadian Transportation Logistics - Jul 28 2014]
Former majority shareholder of Yukos oil compan... [Published Newstalk 1290 CJBK - Jul 28 2014]
Canada's trucking sector may face 'inflection p... [Published Newstalk 1290 CJBK - Jul 27 2014]
TransForce secures trucking might with Contrans... [Published Canada Standard - Jul 26 2014]
TransForce Inc to focus on paying down debt aft... [Published Financial Post - Top Stories - Jul 26 2014]
The Globe's stars and dogs for the week: Bombar... [Published Globe and Mail - Jul 26 2014]
CANADA STOCKS-Gold miners, banks push TSX to re... [Published Reuters - Jul 25 2014]
Why truckers are muscling up [Published Globe and Mail - Jul 25 2014]
TransForce to acquire Contrans [Published Individual.com - Jul 25 2014]
TransForce to create ‘dominant’ trucking compan... [Published Toronto Star Online - Jul 25 2014]
Friday's most followed in Canada including Fort... [Published Proactive Investors USA - Jul 25 2014]
TRANSFORCE : to create 'dominant' trucking comp... [Published 4 Traders - Jul 25 2014]
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Blogs

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TransForce may need to hike offer for Contrans [Published Financial Post - Top Stories - Jul 28 2014]
Scotiabank thinks TransForce Inc. may have to raise its bid for Contrans Group Inc. The trucking companies announced a friendly transaction on Thursday that values Contrans at $15 per share. But since the premium being offered (roughly 16.7%) is rather ...
TransForce may need to hike offer for Contrans [Published Financial Post | Business » Trading Desk - Jul 28 2014]
Scotiabank thinks TransForce Inc. may have to raise its bid for Contrans Group Inc. The trucking companies announced a friendly transaction on Thursday that values Contrans at $15 per share. But since the premium being offered (roughly 16.7%) is rather ...
TransForce Inc to focus on paying down debt aft... [Published Financial Post - Top Stories - Jul 26 2014]
After an acquisition spree that has seen TransForce Inc. spend nearly $1-billion on deals since the end of last year, CEO Alain Bédard says it’s now time to focus on paying down debt. The trucking company announced late Thursday that it has signed an ...
Transforce hits record high on Contrans deal [Published Financial Post - Top Stories - Jul 25 2014]
TransForce Inc. shares hit an all-time high Friday after the trucking company announced the largest acquisition in its history with a friendly offer for specialized transportation hauler Contrans Group. Shares hit $27.25 in early trading on the Toronto ...
Inflection point seen for Canadian trucking sector [Published Financial Post - Top Stories - Jul 10 2014]
Demand is beginning to overtake supply in the Canadian trucking sector, providing carriers with more pricing power that should translate into stronger results going forward, RBC Capital Markets said on Thursday. Analyst Walter Spracklin sees this inflection ...
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Press Releases

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TransForce enters into an agreement to acquire ... [Published Financial Services - Jun 02 2014]
TransForce Receives Competition Act Approval fo... [Published GlobeNewswire: Advertising News - Mar 24 2014]
Vitran Corporation Inc. Receives Final Court Ap... [Published GlobeNewswire: Advertising News - Mar 06 2014]
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