MONTREAL — In a far-ranging interview with the Montreal Gazette, TransForce CEO Alain Bedard says the local delivery companies have good margins and don’t require huge terminals. (Also, that sector has been good particularly to TransForce recently. According to Reuters, its P&D’s unit, which includes Canpar, revenue nearly doubled to C$285.8 million during the first quarter of this year.)
Bedard also says TransForce is now North America’s leader in the rig-relocation game since it invested so heavily in the oil and gas sector.
In April, TransForce announced that it bought Peak USA, an oilfield services operation in Texas from a subsidiary of Nabors Industries Ltd. Nabors specializes in oil-field services and the deal was valued at more than $10 million.
“It’s highly competitive out there,” Bedard told the Gazette, “and we’re counting on efficiency and careful fleet management to keep the growth engine humming.”
Last year was good for TransForce. Its 2011 revenue of $2.7 billion was up 34 percent over 2010, and adjusted earnings of $102.5 million were up 43 percent.
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