TransForce Inc

Type: Company
Name: TransForce Inc
First reported 7 hours ago - Updated 7 hours ago - 1 reports

TransForce : Q1 profits plummet to $5.9 million due to severe winter weather

MONTREAL - Transportation firm TransForce says its first-quarter profits plummeted to $5.9 million from $18.9 million a year ago due to severe winter weather, higher costs and persistent economic softness.The Montreal -based trucking, logistics and waste ... [Published 4 Traders - 7 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

ATS Solutions Rebrands to TForce

SAINT-LAURENT, QC — TransForce’s ATS Solutions trucks are still on the road, but the next-day service courier is rebranding to TForce Integrated Solutions.“The ATS brand has served us well over the past 22 years however to better align ourselves with ... [Published Todays Trucking - 8 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 3 reports

TransForce Announces 2014 First Quarter Results

-- Total revenue of $770.5 million, compared with $749.7 million last year -- Adjusted EPS of $0.20 per share, versus $0.26 per share a year ago -- Solid free cash flow generation of $35.1 million mainly affected to share repurchase TransForce Inc. (TSX: ... [Published Individual.com - 10 hours ago]
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

EXCLUSIVE: Highland O/Os win fuel tax rebate battle with TransForce

MARKHAM, Ont. -- A long-running dispute between owner/operators at Highland Transport and its parent company TransForce, over who should receive approximately $2 million awarded by Revenue Canada in diesel excise tax rebates, has come to an end.The owner/operators ... [Published TruckNews.Com - Apr 23 2014]
First reported Apr 21 2014 - Updated Apr 21 2014 - 1 reports

Next five years will be better for tanker and refrigerated trucking industry

New York, New York — Volatile gas prices and a slow recovery from the recent recession are just some of the factors that have caused the tank and refrigerated trucking industry to experience a decline in revenues.A new report authored by Nick Petrillo ... [Published TruckNews.Com - Apr 21 2014]
First reported Apr 07 2014 - Updated Apr 07 2014 - 1 reports

TransForce Receives Average Recommendation of “Buy” from Analysts (TSE:TFI)

Shares of TransForce (TSE:TFI) have earned an average recommendation of "Buy" from the eleven brokerages that are currently covering the stock, ARN reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation ... [Published American Banking News - Apr 07 2014]
First reported Apr 04 2014 - Updated Apr 04 2014 - 4 reports

TransForce Inc. to Hold Annual Meeting of Shareholders and to Report First Quarter Results on April 24 2014

/CNW Telbec/ - TransForce Inc. (TSX: TFI) (OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced that it will hold its Annual Meeting ... ... [Published Big News Network - Apr 04 2014]
First reported Apr 02 2014 - Updated Apr 02 2014 - 1 reports

TransForce announces results for 2013

TransForce Inc., a North American leader in the transportation and logistics industry, announced its results for the fourth quarter and fiscal year ended December 31, 2013. For the year, TransForce produced net income of $101.7 million on revenues of ... [Published Canadian Sailings - Apr 02 2014]
First reported Mar 29 2014 - Updated Mar 29 2014 - 1 reports

TransForce completes acquisition of Vitran

26 March 2014Deal enhances density in the Canadian LTL market and provides synergiesThe previously announced acquisition of Vitran by TransForce by way of plan of arrangement has been completed. Under the Arrangement, 2400520 Ontario Inc. indirect wholly-owned ... [Published Analytiqa - Mar 29 2014]
First reported Mar 27 2014 - Updated Mar 28 2014 - 8 reports

TransForce completes acquisition of Vitran

TransForce Inc., a North American company specialising in the transportation and logistics industry, and Vitran Corporation Inc., a premier Canadian less-than-truckload (“LTL”) transportation firm, are pleased to announce that the acquisition of Vitran ... [Published Post & Parcel - Mar 28 2014]
First reported Mar 27 2014 - Updated Mar 27 2014 - 1 reports

TransForce Announces 2013 Fourth Quarter and Year-End Results

TransForce Announces 2013 Fourth Quarter and Year-End Results ... [Published Noodls - Mar 27 2014]
Entities: TransForce Inc
First reported Mar 26 2014 - Updated Mar 27 2014 - 4 reports

TransForce Inc completes acquisition of vitran

TransForce Inc:Says acquisition of Vitran by TransForce by way of plan of arrangement has been completed.Under the arrangement, 2400520 Ontario Inc, a subsidiary of TransForce, acquired all of the issued and outstanding common shares of Vitran, other ... [Published Reuters UK - Mar 27 2014]

Quotes

"While severe weather impeded operating progress in the first quarter, we are optimistic that management can overcome these setbacks given recent actions to reduce exposure to unprofitable businesses and ongoing restructuring initiatives in traditional trucking operations" he wrote in a report
OUTLOOK "Although business conditions remain challenging due to a weak economy, we are encouraged by certain signs of firmer pricing in the LTL and Truckload segments. We are also making steady progress in regards to improving the efficiency of our P&C and LTL networks. Still, we must continue to adapt supply to demand by optimizing our asset base. In this regard, we closed four additional rig moving terminals in the U S and put these assets up for sale. Going forward, we will also focus on unlocking synergies from the Clarke and Vitran acquisitions, while maximizing return on assets in all segments. Achieving optimal efficiency will further drive cash flow generation, which we will use to reimburse long-term debt, repurchase shares and carry out our disciplined acquisition strategy. We are committed to creating sustainable value for our shareholders and this guiding principle remains the main driver in executing our operating strategy" concluded Mr. Bédard
"We are looking forward to leveraging the strengths of the two companies to the benefit of our customers and shareholders. I would like to welcome all Vitran employees and management to the TransForce team."
"The acquisition of Vitran will further enhance our density in the Canadian LTL market and provide synergies going forward. Vitran will remain a standalone entity, under the leadership of Tony Trichilo, within the TransForce group of companies,” said Alain Bédard, chairman, president and CEO of TransForce."

More Content

All (74) | News (65) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (8)
sort by: Date | Relevance
TransForce : Q1 profits plummet to $5.9 million... [Published 4 Traders - 7 hours ago]
ATS Solutions Rebrands to TForce [Published Todays Trucking - 8 hours ago]
TransForce Announces 2014 First Quarter Results [Published Individual.com - 10 hours ago]
TransForce Announces 2014 First Quarter Results [Published BusinessWeek - 10 hours ago]
TransForce Announces 2014 First Quarter Results [Published Canada NewsWire - 10 hours ago]
EXCLUSIVE: Highland O/Os win fuel tax rebate ba... [Published TruckNews.Com - Apr 23 2014]
Next five years will be better for tanker and r... [Published TruckNews.Com - Apr 21 2014]
Civil Dockets for Terrebonne Parish: April 19, ... [Published Houma Today - Apr 19 2014]
Truckingin the US [Published Research and Markets - Apr 15 2014]
Stock Analysts’ New Coverage for April, 15th (A... [Published American Banking News - Apr 15 2014]
UPDATE 1-CANADA STOCKS-TSX may open lower as Uk... [Published Reuters - Apr 15 2014]
CANADA STOCKS-TSX may open lower as Ukraine con... [Published Reuters - Apr 15 2014]
TransForce Receives Average Recommendation of “... [Published American Banking News - Apr 07 2014]
Relay for Life team up and running in Cowansville [Published Sherbrooke Record - Apr 06 2014]
TransForce Inc. to Hold Annual Meeting of Share... [Published Big News Network - Apr 04 2014]
TransForce Inc. to Hold Annual Meeting of Share... [Published Noodls - Apr 04 2014]
TransForce Inc. to Hold Annual Meeting of Share... [Published Digital Journal - Apr 04 2014]
TransForce Inc. to Hold Annual Meeting of Share... [Published Individual.com - Apr 04 2014]
Court approves Vitran’s Plan of Arrangement wit... [Published Canadian Sailings - Apr 02 2014]
TransForce announces results for 2013 [Published Canadian Sailings - Apr 02 2014]
Novacab International Inc. Announces Pilot Proj... [Published MarketWired - Mar 31 2014]
TransForce completes acquisition of Vitran [Published Analytiqa - Mar 29 2014]
TransForce completes acquisition of Vitran [Published Post & Parcel - Mar 28 2014]
TransForce buys Canadian LTL transportation fir... [Published Trans Reporter - Mar 28 2014]
TransForce Drives Away With Vitran Express Canada [Published Big News Network - Mar 28 2014]
TransForce Gets Green Light in $136M Takeover o... [Published Todays Trucking - Mar 27 2014]
Transforce’s acquisition of Vitran is a done deal [Published Logistics Management - Mar 27 2014]
TransForce Wraps Purchase of Vitran [Published Transport Topics - Mar 27 2014]
TransForce acquires Canadian LTL transportation... [Published Logistics Business Review - Mar 27 2014]
TransForce Announces 2013 Fourth Quarter and Ye... [Published Noodls - Mar 27 2014]
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Blogs

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Bank of Canada keeps neutral view on 1% rate as... [Published Financial Post - Top Stories - Mar 05 2014]
Bank of Canada Governor Stephen Poloz kept his main interest rate unchanged and reiterated the next move depends on the progress of economic data after early signs of faster growth and inflation. Policy makers kept the benchmark rate on overnight loans ...
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Press Releases

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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]
OTC Markets Group Reports 2013 Trading Statisti... [Published OTC Markets Group Corporate News - Jan 29 2014]
TransForce Purchases Best Drivers and Expands F... [Published Auto & Transportation - Jan 13 2014]
Clarke Inc. announces the close of the sale of ... [Published Auto & Transportation - Jan 06 2014]
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