CAMBRIDGE, Ont. - Challenger Motor Freight has announced its intention to purchase certain assets of the special commodities business of INX PRESS, an Ontariobased carrier that focuses on special comm...
CAMBRIDGE, Ont. –Challenger Motor Freight has announced its intention to purchase certain assets of the special commodities business of INX PRESS, an Ontariobased carrier that focuses on special commodities transportation for heavy equipment customers.
Calling the addition of the INX PRESS business “a significant moment for both our companies,” Dan Einwechter, chairman and CEO for Challenger Motor Freight said that with the addition of INX equipment and expertise, Challenger will be expanding its special commodities division.
The transaction comes at a time when the economy is tightening, traditional export markets are shifting, and the demands of the shipping public and Homeland Security have placed immense pressures on Canadian carriers.
“With the challenges in today’s trucking industry, it is often necessary and sometimes inevitable to seek out a larger carrier to provide security and diversity of service, and such is the case for INX PRESS,” said Robert Sherwood, president of INX PRESS. “I take comfort as I leave the industry knowing that both my customers and employees will be associated with a carrier of Challenger’s calibre.” •
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