The projected revenue climb to 288 million Canadian dollars—up from 228 million a year ago—underscores robust demand for grain and construction materials. These gains successfully buffered the company against a decline in iron and steel shipments and the operational drag caused by an uptick in dry-docking days. Chief Executive Gregg Ruhl attributed the performance to sustained customer appetite and the strategic integration of recent fleet investments.

Even when accounting for a 9 million Canadian dollar one-time gain from the divestment of two aging vessels, the underlying earnings are expected to rise by roughly 15%. Furthermore, the company anticipates its earnings before interest, taxes, depreciation and amortization to reach 95 million Canadian dollars, a 5 million increase over the previous year.