Titanium Transportation Boasts Solid Growth in 2023

Titanium Transportation (TSE:TTNM) has released an update.

Titanium Transportation Group Inc. has announced a strong finish to FY 2023, with a 32% growth in its trucking segment and a 9.3% volume increase in logistics, despite market challenges. The company highlighted financial resilience with a solid $10.2 million net income and strategic expansion into the U.S. market through the acquisition of Crane Transport. Furthermore, Titanium anticipates robust free cash flow in the coming 24 months, enabling debt reduction, dividend distribution, and potential stock buybacks.

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