03:52 PM EST - Trimac Transportation Ltd. : announced the release of its financial results for the year ended December 31, 2013. For the year ended December 31, 2013 total revenue grew by $35.3 million (or 9%) to $426.3 million. Pre-tax earnings for the current year decreased $0.8 million as a result of a $0.5-million expense recorded for a revaluation of a forward contract relating to Trimac's obligation to acquire the remaining 40% of Fortress Trucking Limited and a $0.5-million adjustment for an onerous lease contract, offset by a net gain on the market value of the derivatives. Earnings per share remained flat at 52 cents for both the current and prior years while earnings per share for the current quarter increased to 13 cents from 10 cents in the prior quarter. Trimac Transportation Ltd.
shares T.TMA are trading down $0.05 at $5.60.
