Trimac’s 3Q Income Improves

Trimac Transportation Ltd.’s third-quarter earnings rose to C$4.1 million, or 16 Canadian cents per unit, from C$3.7 million, or 14 cents, a year ago.

Revenue improved 14.3% to $89 million, Trimac said in a statement. Transportation revenue rose 8.4% to C$78 million.

For the fourth quarter, the company renegotiated a credit agreement to increase its line from $95 million to $110 million, improve terms and reduce interest rate spreads.

Trimac is ranked No. 41 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.