Titanium Transportation Group reports solid revenue and volume growth in Q2 2024 in both truck and logistics segments

• Consolidated revenue in the second quarter increased 14.7% year-on-year, driven by growth in road transport and logistics revenue, despite continued market challenges impacting all road hauliers and logistics service providers.
• Revenue growth in the Road Transportation segment was 20.7% year-on-year and is the result of our recent acquisition of assets in the United States.
• Turnover in the Logistics sector also rose by 6.6% year-on-year in the second quarter.
• The company continued to strengthen its balance sheet by divesting redundant assets and businesses and optimizing its fleet.

BOLTON, Ontario, Aug. 12, 2024 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services in North America, is pleased to announce its financial results for the three and six month periods ended June 30, 2024. All amounts are in Canadian currency.

Financial highlights Q2 2024 compared to Q2 2023