September 28, 2016 4:34 AM ET

Road and Rail

Company Overview of Trimac Transportation Ltd.

Company Overview

Trimac Transportation Ltd. provides bulk trucking services in Canada and the United States. It transports petroleum products, chemicals, and asphalt; and dry bulk products, such as cement, lime, flyash, woodchips, and other wood residual products, as well as resource commodities, food grade products, oilfield services products, and compressed and liquefied gases. The company also offers logistics services, including transload facility operations, distribution management, freight brokerage services, and transportation consulting services; and operates power units and trailers. In addition, it is involved in the internal and commercial shop operations, as well as provides certification and cle...

3215 – 12th Street NE

Calgary, AB T2E 7S9

Canada

Founded in 1945

1,209 Employees

Phone:

403-298-5100

Fax:

403-298-5146

Key Executives for Trimac Transportation Ltd.

Chief Executive Officer
President and Chief Operating Officer
Founder and Chairman of The Board
Age: 64
Chief Financial Officer and Vice President
Vice President and General Counsel
Compensation as of Fiscal Year 2016.

Trimac Transportation Ltd. Key Developments

Trimac Transportation’s Class A (Canada) shares To Be Deleted From Other OTC

Trimac Transportation Ltd’s Class A (Canada) shares will be deleted from Other OTC, effective July 7, 2016. The deletion was due to acquisition/merger/amalgamation.

Trimac Transportation Ltd. To Be Delisted From Toronto Stock Exchange

Trimac Transportation Ltd. will be delisted from the Toronto Stock Exchange at the close on July 6, 2016, according to the TSX. The TSX reported that Trimac Holdings Ltd. has acquired all of the issued shares of Trimac Transportation held by public shareholders.

Trimac Transportation Ltd. Announces Earnings Results for First Quarter Ended March 31, 2016; Provides Guidance for the Year 2016

Trimac Transportation Ltd. announced earnings results for first quarter ended March 31, 2016. For the quarter, the company reported revenue of CAD 87.3 million against CAD 93.8 million for the same period a year ago. Operating earnings was CAD 3.8 million against CAD 3.2 million for the same period a year ago. Income before income tax expense was CAD 3.0 million against CAD 2.7 million for the same period a year ago. Net property, plant and equipment additions were CAD 2.5 million compared to the CAD 1.4 million for the same quarter year ago. The company has reported that net income for the first quarter ended March 31, 2016 was CAD 2.54 million, or CAD 0.09 per share, compared to CAD 2.38 million, or CAD 0.08 per share, for the same quarter ended March 31, 2015. Transportation revenue for the first quarter ended March 31, 2016 was CAD 77.61 million, compared to CAD 83.23 million for the same quarter ended March 31, 2015. The company is keeping a cautious outlook for the remainder of 2016. The economic deterioration experienced in 2015 is showing some signs of abating primarily from export growth. The company may experience revenue improvements from this export growth from customer products they haul in the geographies of Canada that are improving. While in the resource based industries, no significant improvement is expected. Therefore, company will remain diligent in managing its costs to balance capacity with its level of business activity.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 2, 2016
--
Merger/Acquisition
December 14, 2015
Transport Rollex Ltee, Certain Assets
Buyback
October 29, 2015
--
 

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