freight brokerages

Titanium Transportation revenue surges over 90% in Q1

A tractor-trailer from Canadian trucking company Titanium Transportation Group

Titanium Transportation Group (TSX-V:TTR) reported record revenue in the first quarter on Tuesday as the Canadian firm’s U.S. brokerage business and newly expanded cross-border trucking fleet delivered growth on two fronts. 

The Ontario-based company brought in CA$85.7 million ($70.8 million) in revenue during the quarter — an increase of over 93% from a year ago. Net income rose by over 80% to CA$1.17 million, or 3 cents per share, while earnings before interest, taxes, depreciation and...

https://s29755.pcdn.co/news/titanium-transportation-revenue-surges-over-90-in-q1

Sizing up the future of contract freight in uncertain times

from left: Kyle Lintner, principal and managing director at K-Ratio; MoLo Solutions CEO Andrew Silver; Josh Phelan, vice president of finance at J.B. Hunt Transport; and Michael Carlisle, logistics operations director at United States Cold Storage discuss contract freight at the FreightWaves North American Supply Chain Summit.

It’s freight-bidding season again as carriers, brokers and third-party logistics providers vie for shipper contracts for 2021. But good luck trying to forecast for the coming year with so many unknowns in the economy and the pandemic.

“It’s an understatement to say the unknown has never been greater than it is right now,”  Kyle Lintner, principal and managing director at K-Ratio, said during the FreightWaves North American Supply Chain Summit on Tuesday.

Lintner led a lively discussion about the...

https://s29755.pcdn.co/news/sizing-up-the-future-of-contract-freight-in-uncertain-times

Titanium roars in Q3 on US brokerage performance

A tractor-trailer of Titanium Transportation Group.

Canadian cross-border trucking and logistics firm Titanium Transportation Group (TSX-V:TTR) returned to its old ways of delivering explosive growth as its U.S. brokerage business helped lift revenue by over 20% during the third quarter. 

Ontario-based Titanium reported on Tuesday that it generated C$52.6 million (US$40.4 million) in revenue, a record for the third quarter and 23% higher than a year ago. Net income excluding government wage subsidies quadrupled to C$1.4 million, or 5 cents per...

https://s29755.pcdn.co/news/titanium-roars-in-q3-on-us-brokerage-performance

FreightWaves launches SONAR SCI – data at “rocket” speed (with video)

“FreightWaves is releasing the beta version of SONAR SCI, which stands for supply chain intelligence, announced Craig Fuller, the founder and CEO of FreightWaves. “SONAR SCI is a groundbreaking expansion of the SONAR platform, the only freight forecasting and analytics platform. SONAR SCI subscribers have access to $80 billion of shipper-to-carrier freight spend. And these are invoices – what shippers actually pay carriers, not self-reported data – and they are submitted every evening. Not only...

https://www.freightwaves.com/news/freightwaves-launches-sonar-sci-data-at-rocket-speed

Titanium holds steady in Q2 despite revenue drop

Trailers of Titanium Transportation Group. The company had solid financial results in the second quarter of 2020 despite a drop in revenue

Titanium Transportation Group (TSX-V:TTR) grew profits and paid down debt despite a nearly 10% drop in revenue as the Canadian cross-border trucking and logistics firm pushed through COVID-19 headwinds in the second quarter. 

Ontario-based Titanium reported profits of CA$900,000 (US$676,000) or 2 cents per share, on CA$38 million in revenue. A year ago, the company had net income of CA$500,000) on CA$42 million in revenue.

Operating income increased by 26.1% during the quarter as its...

https://s29755.pcdn.co/news/titanium-holds-steady-in-q2-despite-revenue-drop

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