-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VndKW6WTzAjHI8PKaPmDt35tFF1zZlMFCiLp2VF4Z4ZH0NM0SN9l7bNmD9mrXSLg RvX32ioQ9GANSKtF97/h4A== 0000909567-06-001614.txt : 20060927 0000909567-06-001614.hdr.sgml : 20060927 20060927141342 ACCESSION NUMBER: 0000909567-06-001614 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060927 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060927 DATE AS OF CHANGE: 20060927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VITRAN CORP INC CENTRAL INDEX KEY: 0000946823 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32449 FILM NUMBER: 061110821 BUSINESS ADDRESS: STREET 1: 185 THE WEST MALL STREET 2: SUITE 701 CITY: TORONTO STATE: A6 ZIP: M9C 5L5 BUSINESS PHONE: 416-596-7664 MAIL ADDRESS: STREET 1: 185 THE WEST MALL STREET 2: SUITE 701 CITY: TORONTO STATE: A6 ZIP: M9C 5L5 8-K 1 o33214e8vk.htm 8-K e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):                                September 27, 2006
Vitran Corporation Inc.
 
(Exact name of registrant as specified in its charter)
         
ONTARIO, CANADA   000-26256   Not applicable
         
         
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer Identification No.)
         
185 The West Mall, Suite 701, Toronto, Ontario, Canada       M9C 5L5
         
         
(Address of principal executive offices)       (Zip code)
(Registrant’s telephone number, including area code)                                416-596-7664
Not Applicable
 
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 2.02 Results of Operations and Financial Conditions
On September 27, 2006 Vitran Corporation Inc. issued a press release announcing that it is revising its annual earnings guidance for 2006. A copy of the press release is furnished as exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits. The following exhibit is furnished as part of this report :
Exhibit 99.1 — Press Release issued by Vitran Corporation Inc., dated September 27, 2006
 

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  VITRAN CORPORATION INC.
 
 
  By:   /s/ Sean P. Washchuk    
    Name:   Sean P. Washchuk   
Date: September 27, 2006    Title:   Vice President Finance and Chief
Financial Officer 
 
 
 

 


 

EXHIBIT INDEX
     
Exhibit   Description of Exhibit
99.1
  Press Release — dated September 27, 2006. Vitran Revises 2006 Annual Earnings Guidance

 

EX-99.1 2 o33214exv99w1.htm EX-99.1 exv99w1
 

Exhibit 99.1
Vitran Revises 2006 Annual Earnings Guidance
TORONTO, ONTARIO, Sep 27, 2006 (MARKET WIRE via COMTEX News Network) — Vitran Corporation Inc. (NASDAQ: VTNC)(TSX: VTN), a North American transportation and logistics firm, today announced that it is revising its annual earnings guidance for 2006 from its previous range of $1.63 to $1.73 per share, down to $1.48 to $1.52 per share. The change in guidance is prompted primarily by: higher than anticipated healthcare and workers’ compensation costs in the second half of the year, as well as the impact of the recently softening economy on Vitran’s U.S. LTL and truckload segments.
“Although key LTL metrics such as segment revenue, weight, shipment count and revenue per hundredweight are all showing positive year-over-year and quarter-over-quarter comparisons, our legacy U.S. central states territory is not performing to plan and we no longer anticipate being able to achieve the expected net income and earnings targets we established earlier this year. Health care costs are estimated at $1.5 million above 2005 levels, and workers’ compensation expenses are anticipated to be approximately $1.0 million higher than the prior year — $0.8 million of which will be in the back half of the year.
“We are committed to improving upon these lower-than-anticipated operating results for the second half of the year. Our long-term strategic plan of exploring additional accretive acquisitions that will further extend Vitran’s geographic footprint across North America remains in place. We also continue to be pleased with operating results of our recent purchases Chris Truck Line and Sierra West Express — both of which are performing at anticipated levels.”
About Vitran Corporation Inc.
Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. To find out more about Vitran Corporation Inc. (NASDAQ: VTNC)(TSX: VTN), visit the website at www.vitran.com.
Statements in the press release regarding management’s future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. For this purpose, any statements that are contained herein that are not statements or historical fact may be deemed to be forward-looking statements made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, the words “believes”, “anticipates”, “plans” “intends”, “will”, “should”, “expects”, “projects”, and similar expressions, and the negative thereof, are intended to identify forward-looking statements. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual result, future circumstances or events to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, economic factors, demand for the Company’s services, fuel price fluctuations, the availability of employee drivers and independent contractors, risks associated with geographic expansion, capital requirements, claims exposure and insurance costs, competition, government regulation changes, environmental hazards and other risks detailed from time-to-time in the Company’s public disclosure documents or other filings with the Canadian and United States securities commissions or other securities regulatory bodies. The forward-looking statements are made as of the date hereof, and the Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Vitran Corporation Inc.
Richard Gaetz
President/CEO
(416) 596-7664
Vitran Corporation Inc.
Sean Washchuk
VP Finance/CFO
(416) 596-7664
Jaffoni & Collins Incorporated
Robert Rinderman
(212) 835-8500
Jaffoni & Collins Incorporated
Steven Hecht
(212) 835-8500
VTNC@jcir.com
SOURCE: Vitran Corporation Inc.
mailto:VTNC@jcir.com

 

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