Contrans reported its net income in the first quarter of 2013 was C$4.8 million (about US$4.7 million), falling 9.4 percent from $5.2 million in the first quarter of 2012.
Quarterly revenue for the Canadian freight transportation provider was $131.1 million, compared with $118.0 million in the same period last year.
“After our record-setting year of 2012, we are off to a solid start in 2013,” said Stan Dunford, Contrans’ chairman and CEO, in a written statement. “The businesses that we acquired in 2012 are contributing positively and the rest of the Company has continued to grow internally.”
“The first quarter was not, however, without its challenges,” Dunford added. “Unlike the winter of 2012, we lost some days this year to severe winter weather conditions. In addition, there has been a lingering weakness in the economy that has affected parts of our customer base.”