Transforce Transport

Transforce Transport

Transforce Transport

TransForce Income Fund’s third quarter earnings reflect a slowdown in international trade shipments and deliveries.

TransForce has almost 14,000 employees. The Fund controls some 7,000 diesel-fuelled cab units and 13,000 trailers. The trucking giant directly serves more urban centers than any other Canadian transportation services provider.

Canadian Exports & Imports Decline

According to Statistics Canada, Canadian merchandise exports dropped 1.8% from July to C$38.5 billion in August. Only two export categories recorded monthly gains: agricultural and fishing products (up 5.4% to $2.9 billion, as well as machinery and equipment (up 5.1% to 1.8 billion).