Titanium Transportation Group Declares Robust Dividend
The Board of Directors of Titanium Transportation Group Inc. has officially declared a quarterly dividend of $0.02 per common share. This dividend will be paid out on December 16 to shareholders who are on record by the close of business on November 29. This decision aligns with the company’s commitment to providing consistent returns to its shareholders.
Key Insights About Titanium Transportation Group
Titanium Transportation Group is a prominent name in the North American transportation industry, engaging in asset-based trucking operations and logistics brokerage services. With a fleet comprising approximately 850 power units and over 3,000 trailers, the company employs around 1,300 professionals, including both full-time staff and independent operators.
Comprehensive Services Offered
Offering a range of services, Titanium specializes in truckload, dedicated, and cross-border trucking solutions. The company is also involved in logistics and provides warehousing and distribution services to a client base that exceeds 1,000 customers. Titanium boasts a significant presence with operations across eighteen strategically located sites in both Canada and the United States.
Growth Through Acquisition
Since its inception, Titanium has shown a remarkable ability to expand its operations. The company is a recognized acquirer of other asset-based trucking companies, successfully completing thirteen transactions since 2011. This growth strategy has allowed Titanium to strengthen its position and expand its capabilities within the market.
Recognition and Achievements
Titanium Transportation Group enjoys substantial accolades within the industry. In 2020, it was included in the Financial Times Americas’ Fastest Growing Companies list, highlighting its remarkable growth trajectory. Additionally, Canadian Business has recognized Titanium as one of Canada's Fastest Growing Companies for eleven consecutive years. For four years running, it has also been featured as one of Canada’s Top Growing Companies by the Globe and Mail’s Report on Business.
Leadership Contact Information
The Chief Executive Officer, Ted Daniel, CPA, CA, can be contacted for any further inquiries regarding the company. He can be reached at (905) 266-3011 or via email at ted.daniel@ttgi.com. More information can be found on Titanium's official website.
Additional Investor Contact
For investor-related questions, James Bowen, CFA, is available at 416-519-9442 or through his email: James.Bowen@loderockadvisors.com.
Frequently Asked Questions
What is the amount of Titanium's quarterly dividend?
The declared amount is $0.02 per common share.
When will the dividend be paid?
The dividend will be paid on December 16 to shareholders who are recorded as of November 29.
What sectors does Titanium Transportation Group operate in?
Titanium operates in the transportation and logistics sectors, offering trucking services and brokerage operations.
How many employees does Titanium have?
Titanium employs approximately 1,300 staff, including independent owner-operators.
What recognition has Titanium received in recent years?
The company has been recognized as one of Canada's Fastest Growing Companies for eleven years and ranked in the Financial Times Americas’ Fastest Growing Companies list in 2020.
