April 26, 2011 / 8:47 PM / 7 years ago

UPDATE 1-Vitran posts narrower Q1 loss

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April 26 (Reuters) - North American transportation company Vitran Corp posted a narrower quarterly loss helped by strength in both its less-than-truckload and supply chain operation segments.

Vitran, which has operations across Canada and the United States, posted a net loss of $224,000, or 1 cent a share, in the January-March quarter. That compares with a loss $929,000, or 6 cents per share, in the year-ago period.

On an adjusted basis, the Toronto-based company earned 2 cents a share from continuing operations.

Consolidated revenue rose 18 percent to $185.4 million. Revenue from its less-than-truckload segment rose 16 percent to $159 million. While supply chain operation segment revenue was up 31.2 percent at $26.4 million.

Vitran shares closed at C$13.80 on Tuesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore)

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