* Q1 loss/shr $0.06 vs est loss/shr $0.10
* Revenue up 19 pct to $165.9 mln
April 27 Canadian transportation company Vitran
Corp VTN.TO VTNC.O posted a narrower first-quarter loss
that beat estimates, helped by reduced loss from operations and
higher shipments at its less-than-truckload (LTL) segment.
"The economic environment appears to have shown signs of
improvement and the U.S. LTL pricing environment may have
stabilized," Chief Executive Rick Gaetz said in a statement.
Net loss for the quarter was $929,000, or 6 cents per
share, compared with a net loss of $2.3 million, or 17 cents
apiece, a year ago.
Revenue for the quarter rose 19 percent to $165.9 million,
helped primarily by fuel surcharge variations and foreign
exchange on its Canada operations.
Shipments at its LTL segment rose 10.9 percent and tonnage
improved 12.1 percent, resulting in a 78 percent fall in loss
from operations at $600,000.
For the first quarter, analysts on average expected the
company to post a net loss of 10 cents a share, on revenue of
$163.3 million, according to Thomson Reuters I/B/E/S.
Operating ratio -- an efficiency measure which compares net
sales and operating expense -- for the LTL segment, the largest
contributor to overall revenue, improved to 100.5 percent, down
from 102.3 percent last year.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by