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				Well-oiled TransForce Could be Shopping for Couriers
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						May 11, 2012 04:58 PM
					
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					Last Updated: May 11, 2012 05:00 PM
				
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				<p>MONTREAL &mdash; In a far-ranging interview with the Montreal Gazette, TransForce CEO Alain Bedard says the local delivery companies have good margins and don&rsquo;t require huge terminals. (Also, that sector has been good particularly to TransForce recently. According to Reuters, its P&amp;D&rsquo;s unit, which includes Canpar, revenue nearly doubled to C$285.8 million during the first quarter of this year.)</p>
<p>Bedard also says TransForce is now North America&rsquo;s leader in the rig-relocation game since it invested so heavily in the oil and gas sector.</p>
<p>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.</p>
<p>&ldquo;It&rsquo;s highly competitive out there,&rdquo; Bedard told the Gazette, &ldquo;and we&rsquo;re counting on efficiency and careful fleet management to keep the growth engine humming.&rdquo;</p>
<p>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.</p>
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