Revenue and EBITDA Growth
Consolidated revenue grew by 3.5% year-over-year to $119.1 million. EBITDA was $10 million, supported by the strength in the Logistics segment and improved operating performance in Truck Transportation.
Logistics Segment Performance
Logistics segment revenue increased by 16.8% year-over-year to $65.6 million, with a 19% increase in U.S. volumes and an EBITDA of $3.2 million.
Debt Reduction and Financial Flexibility
Titanium reduced debt by $12.4 million, generated $2.6 million from the divestiture of the North Bay property, and had a quarter-end cash balance of $16.4 million.
Improved Truck Transportation Margins
Truck Transportation revenue was $54.4 million, with EBITDA of $7.6 million and a strong margin of 15.7%, driven by a 7% year-over-year increase in pricing and improved operating efficiency.