Titanium Transportation Group Inc. (OTCQX:TTNMF) Q4 2024 Earnings Call March 18, 2025 8:00 AM ET
Company Participants
Ted Daniel – President and Chief Executive Officer
Alex Fu – Chief Financial Officer
Marilyn Daniel – Chief Operating Officer
Conference Call Participants
David Ocampo – Cormark Securities
Yuri Zoreda – Canaccord
Gianluca Tucci – Haywood
Steve Hansen – Raymond James
Operator
Good morning and welcome to the Titanium Transportation Group Q4 2024 Conference Call. On today’s call, we have Ted Daniel, President and Chief Executive Officer; Alex Fu, Chief Financial Officer; and Marilyn Daniel, Chief Operating Officer.
Before we begin, I would like to remind everyone that certain statements made on this call today may be forward-looking in that regard. Please refer to the risk factors and cautionary provisions outlined in the press release issued by the company yesterday, as well as the filings made by Titanium on SEDAR. Please note that this call is being recorded today, Tuesday, March 18, 2025. A replay of this call will be made available until midnight on April 1, 2025. The details of the replay can be found on Titanium’s website under the Investors section.
I would now like to turn the call over to Titanium’s President and CEO, Ted Daniel. Please go ahead, sir.
Ted Daniel
Good morning. Thank you, operator, and thank you all for joining us. The freight industry faced significant headwinds in 2024, with one of the most prolonged downturns in recent history, causing downward pressure from industry-wide reductions in freight rates, coupled with increased operational costs and economic uncertainty. Despite these challenges, Titanium grew its customer base and volume footprint, moving about 25,000 more loads in 2024 compared to 2023.
For Titanium, 2024 was a year of disciplined execution as we navigated this negative pricing environment and remained focused on what
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