Titanium Transportation Recognized on 2015 Profit 500

Titanium Transportation Recognized on 2015 Profit 500

By: Tomas Ronolski - AllPennyStocks.com News

Monday, September 21, 2015

According to Wagner Logistics, the drop in oil prices is indirectly having a positive impact on the logistics sector. The decline in oil prices puts extra cash into the hands of consumers. This will boost consumer spending, especially on discretionary items. Wagner Logistics notes that this will benefit the logistics sector as more merchandise flows through the supply chain. Wagner Logistics also believes that truckload carriers will be helped by the hours-of-service rollback. Wagner expects less-than-truckload carriers will have a good 2015 as they don’t have the same degree of driver turnover as the truckload segment does. Less-than-truckload carriers are also expected to benefit from lower diesel pricing, however, Wagner adds in its report that the benefit will be not as big as a percentage of their operational expenses as in the truckload segment.


Overall the outlook for the North American trucking and logistics sector is robust, driven by an economic recovery in the U.S. This augurs well for Titanium Transportation Group Inc. (TSX-Venture:TTR), a Canada-based asset-based transportation and logistics company. The company provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to more than 800 customers.

This morning, TTR announced that it has been ranked on the 27th annual Profit 500 ranking of Canada’s Fastest-Growing Companies by Canadian Business and Profit. The company has been included in the list for a seventh straight year.

TTR has been recognized on the 2015 Profit 500 list with a five-year revenue growth rate of 628%. It has been ranked 113th overall and 4th in the Transportation and Logistics category. It is the highest ranked Transportation and Logistics company in Ontario.

The fact that TTR has been included in the list does not come as a surprise, given the company’s strong operating and financial performance. Last month, TTR had reported its financial results for the second quarter, posting revenue of $32.4 million, an increase of 90% on a year-over-year basis. EBITDA for the quarter was $3.4 million, representing an increase of 110% on a year-over-year basis. The company’s Truck Transportation revenue for the quarter rose to $20.2 million, representing an increase of 110% on a year-over-year basis. Logistics revenue for the quarter was $12.4 million, representing an increase of 64% on a year-over-year basis.

Shareholders have been bidding the Company up on the news, with shares up $0.05 to $3.05 in mid-day trading on Monday.

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