Titanium Transportation Group Archives

Titanium Transportation acquires Canadian carrier Bert and Son’s

5 January 2022

A tractor-trailer from Titanium Transportation Group

Titanium Transportation Group has acquired Bert and Son’s Cartage in a deal to fuel the future expansion of the Canadian firm’s Ontario-based trucking, logistics and warehousing business.

The acquisition, announced Tuesday, gives Titanium (TSX-V:TTR) a small, family-owned carrier with around 30 trucks and — importantly — land, near its Brantford, Ontario, terminal and another facility in the city.

Titanium plans to consolidate its operations in Brantford into the former Bert and Son’s...

https://www.freightwaves.com/news/titanium-transportation-acquires-canadian-carrier-bert-and-sons

Canadian carrier Titanium targets pricing as inflation drags on record Q3

10 November 2021

A tractor-trailer from trucking firm Titanium seen from the side on a highway.

Canada’s Titanium Transportation Group reported record revenue in the third quarter as executives told financial analysts that the cross-border transportation and logistics firm is working to negotiate higher rates with its customers.

“Nobody is shocked — and not a lot of pushback,” Chief Operating Officer Marilyn Daniel said during a conference call with analysts Wednesday. “Now it’s coupled with, ‘OK, can you do it?’ more than how much it is — no different than the way we buy our groceries...

https://www.freightwaves.com/news/canadian-carrier-titanium-targets-pricing-as-inflation-drags-on-record-q3

Titanium adds US brokerage office in Denver

19 August 2021

Trucks on the highway seen from behind in the Denver area with snow and trees in the background.

Titanium Transportation Group has opened its fourth U.S. freight brokerage office, in Denver, the Canadian trucking and logistics firm said on Thursday as it pushed ahead with an increasingly key source of growth.

“Colorado is an attractive market opportunity,” CEO Ted Daniel said in a statement, pointing to the presence of almost 6,000 manufacturers and rapid population growth.

The Denver office joins Titanium’s (TSX-V:TTR) existing brokerages in Charlotte, North Carolina; Nashville, Tennessee;...

https://www.freightwaves.com/news/titanium-adds-us-brokerage-office-in-denver

Titanium to expand US freight brokerage business after record Q2

11 August 2021

The outside of a Titanium Transportation Group office with a US and Canadian flag flying in front of it.

Titanium Transportation Group (TSX-V:TTR) plans to open at least two new freight brokerage offices in the U.S. this year, the Canadian trucking and logistics firm’s CEO told financial analysts on Wednesday following a record second quarter.

Titanium’s U.S. brokerage business — consisting of offices in Charlotte, North Carolina; Nashville, Tennessee; and Chicago — has rapidly become a major growth driver since its inception in 2019. It generated CA$39.4 million ($31.5 million) in revenue in the...

https://www.freightwaves.com/news/titanium-to-expand-us-freight-brokerage-business-after-record-q2

Titanium Transportation revenue surges over 90% in Q1

12 May 2021

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

Titanium sets record in Q4 with sights set on huge ’21

10 March 2021

A tractor-trailer of Canadian trucking company Titanium Transportation Group. The company reported record fourth quarter results.

Canadian cross-border trucking and logistics firm Titanium Transportation Group (TSX-V:TTR) closed 2020 firing on all cylinders, reporting record revenue Tuesday for the fourth quarter and full year on the strength of its U.S. brokerage operations.

The Ontario-based company reported adjusted net income of CA$2.1 million ($1.66 million), or 6 cents per share, on CA$65.9 million in revenue. Fourth-quarter revenue came in 52.1% higher than a year ago, while net income came in more than 600%...

https://s29755.pcdn.co/news/titanium-sets-record-in-q4-with-sights-set-on-huge-21

Titanium Transportation opens Chicago freight brokerage

12 February 2021

Titanium Transportation Group opened its an office in Chicago.

Titanium Transportation Group (TSX-V:TTR) has opened a freight brokerage office in Chicago, the Canadian cross-border trucking and logistics company said on Friday as it continues to ramp up its expansion into the U.S.

“As we look to accelerate our growth and expand our footprint in the U.S. freight brokerage business, Chicago is an obvious choice that offers a tremendous opportunity given its position as a top hub for freight transportation in the United States,” Ted Daniel, president and CEO...

https://www.freightwaves.com/news/titanium-transportation-opens-chicago-freight-brokerage

Titanium buys ITS, joins big leagues of Canadian trucking

5 February 2021

A tractor-trailer of Titanium Transportation Group.

Titanium Transportation Group (TSX-V:TTR) has acquired International Truckload Services Group (ITS) in a deal that vaults the cross-border trucking and logistics company to among the largest in Canada.

The CA$60 million ($47 million) acquisition, announced Friday, roughly doubles the size of Ontario-based Titanium’s fleet to nearly 900 trucks. ITS, also based in Ontario, has an annual revenue of about CA$80 million, providing cross-border and domestic truckload, in addition to logistics services.

https://www.freightwaves.com/news/news-alert-titanium-acquires-international-truckload-services

Titanium roars in Q3 on US brokerage performance

11 November 2020

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

Titanium holds steady in Q2 despite revenue drop

12 August 2020

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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