09:52 AM EST - TransForce Inc. : announced its results for the second quarter ended June 30, 2013. Total revenue declined by 2.4%, to $792.3 million mainly due to lower revenue in services to the Energy sector and in TL activities, partially offset by the contribution from Velocity, acquired on February 1, 2013. Second-quarter EBIT amounted to $62.3 million, or 7.9% of total revenue, versus $68.6 million, or 8.5% of total revenue in the corresponding period a year earlier. Excluding the loss at Velocity, the EBIT margin remained essentially stable at 8.4%. Adjusted net income, which excludes the after-tax effect of changes in the fair value of derivatives and net foreign exchange gain or loss, was $37.4 million versus $37.8 million last year. TransForce Inc.
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