05:33:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



TransForce Inc (2)
Symbol TFI
Shares Issued 92,204,257
Close 2013-07-29 C$ 20.67
Market Cap C$ 1,905,861,992
Recent Sedar Documents

Post/CP say TransForce acquires Texas firm E.L. Farmer

2013-07-30 09:28 ET - In the News

The Financial Post reports in its Tuesday edition trucking outfit TransForce is adding to its energy services division with the acquisition of Texas firm E.L. Farmer. A Canadian Press dispatch to the Post says E.L. Farmer provides pipe storage and hauling services for the state's oil field industry. The transaction is expected to generate annual revenues of about $70-million. Meanwhile, TransForce's second-quarter results Monday showed lower revenues of $792.3-million, down 2.4 per cent from $812-million in the same quarter of last year due to weakness in its energy sector. Net profit was also down at $26.6-million versus $34.1-million in the same quarter of 2012. Adjusted earnings per share were 39 cents in the quarter, however, up a penny from the same quarter last year on an adjusted net income of $37.4-million versus $37.8-million year-over-year. "In the United States, we are progressing well with the integration of our same-day Package and Courier operations and the market for these services is growing, but softness persists in the energy sector and we do not see any short-term significant improvement," said chief executive officer Alain Bedard. TransForce shares closed Monday at $20.67, up 12 cents.

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