Positive Operating Income in Logistics and Truck Transportation
Both segments delivered positive operating income for the second consecutive quarter, reflecting strategic actions and operational efficiency.
Revenue Growth in Logistics Segment
Logistics segment revenue increased by 3.3% year-over-year to $62.9 million, driven by 19% organic volume growth across Canadian and U.S. brokerage operations.
Improved Cash Flow and Debt Reduction
Operating cash flow increased to $9.5 million from $7 million last year, and $8.9 million in debt was repaid during the quarter, enhancing financial flexibility.
Strong EBITDA Margin in Truck Transportation
Truck Transportation segment achieved an EBITDA margin of 16.1%, marking the most efficient trucking quarter in nearly two years.
Stable Demand Trends
Despite market challenges, underlying demand trends remained stable, demonstrating the strength and resilience of the asset-light model.