* Q3 EPS $0.12 vs est $0.13
* Q3 rev up 10 pct
* Truckload segment income down 60 pct
Oct 26 (Reuters) - North American cross-border trucking company Vitran Corp VTN.TO VTNC.O posted a third-quarter profit that trailed estimates, hurt by a 60 percent drop in income from truckload operations.
However, the company, which also offers less-than-truckload (LTL), and logistics services, said it expects its U.S. LTL segment to drive yield through the fourth quarter and improve year-over-year results.
Vitran, which has operations across Canada and the U.S., earned about $2 million, or 12 cents a share, compared with $281,000, or 2 cents a share, a year ago.
The Toronto-based trucker said the fall in its truckload segment income to $70,000 in the third quarter from $175,000 last year, was due to higher-than-anticipated accident costs and a lack of qualified owner operators.
Total revenue, however, rose 10 percent to $182.9 million, helped in part by strong performance at its supply chain operation segment, the company said in a statement.
Analysts on average expected the company to earn 13 Canadian cents on revenue of $179.9 million, according to Thomson Reuters I/B/E/S.
Vitran shares have shed over 15 percent in value since the company posted a lower-than-expected second-quarter profit on July 22.
They closed at C$11.18 Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Vyas Mohan)