WOODBRIDGE, ON — Titanium Transportation Group Inc. on Monday released its earnings report for the first quarter of the year and its first since becoming a publicly traded company in April.

Revenue for the quarter rose to $24 million, a 68% increase over the first quarter of 2014, while EBITDA (earnings before interest, taxes, depreciation and amortization) increased to $2.8 million, a 145% increase.

Truck transportation revenue rose to $14.7 million, a 63% hike over the first quarter of 2014, while its EBITDA margin increased to 15.9% from 11.5%.

Logistics revenue rose to $9.4 million, a 74% jump over the first quarter of 2014, as logistics EBITDA margin increased to 10.5% from 6.2%.

Part of the increase was due to Titanium’s purchase of Muskoka Transportation Ltd., according to the company, which contributed revenue of $2.8 million and EBITDA of $200,000 in the first quarter of 2015.

“We are pleased to announce record results for the first quarter of 2015 including a significant increase in operating margins,” said Ted Daniel, CEO of Titanium. “These results are particularly positive, as the first quarter is historically our weakest due to industry seasonality.”

Titanium is an asset-based transportation and logistics company servicing Canada and the U.S., with over 325 power units, approximately 1,100 trailers and over 400 employees and independent owner operators. It provides truckload, dedicated, and cross-border trucking services, freight logistics along with warehousing and distribution services.