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Titanium Transportation Group (TSXV:TTR) jumps to #12 on the 2022 Today’s Trucking Top 100 ranking

Transport
TSXV:TTR
31 March 2022 11:00 (EDT)

Source: Titanium Transportation Group.

Titanium Transportation Group (TTR) has risen 15 spots over the past year to become the 12th largest trucking company in Canada.

This rise was documented in Today’s Trucking 2022 Top 100 rankings. Today’s Trucking is the Canadian trucking industry’s leading trade periodical.

As a leading North American transportation, logistics and warehouse provider, Titanium has focused on expanding its asset-based trucking operations through a combination of strategic acquisitions and organic growth, as well as its rapidly expanding logistics brokerage business.

In February 2021, the company completed its largest asset-based trucking acquisition to date, acquiring ITS Group of Belleville, ON, expanding Titanium’s fleet to 800 power units, 3,000 trailers and 1,100 employee and independent owner-operators.

In January 2022, the Company completed its acquisition of Bert and Sons Cartage in Brantford, Ontario, further enhancing Titanium’s operations and expanding its physical footprint in a key growth market.

Titanium recently reported its revenues for 2021 nearly doubled over the prior year to approximately $400 million.

“We are extremely pleased with the growth we’ve achieved to date in both our trucking and logistics brokerage business,” said Ted Daniel, Titanium’s Chief Executive Officer.

“As we assess various acquisition opportunities in Canada and the United States, the investments we’ve made in adding quality assets and launching new technologies, will enable us to deliver strong organic growth and quality results across both our asset and non-asset-based businesses going forward,” he added.

Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States.

Shares of Titanium Transportation Group Inc. (TTR)  are up 0.06 per cent, trading at $2.75 as of 10:52 am ET.

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