Transforce to acquire TSTSAINT-LAURENT, Que. - TransForce has announced that it will acquire TST Solutions, one of the largest carriers based in Ontario.The closing date is expected in March.The trans...
SAINT-LAURENT, Que. – TransForce has announced that it will acquire TST Solutions, one of the largest carriers based in Ontario.
The closing date is expected in March.
The transaction is worth $85 million, which will be financed through an issue of convertible debentures and a term loan.
“With this acquisition, TransForce is taking a major step in terms of attaining its growth objectives,” says Alain Bedard, president and chief executive officer.
“TST Solutions’ solid presence in the market, its qualified team of professionals, and its long-standing reputation for superior service, will become key elements of TransForce’s growth strategy for North America”.
Following the acquisition, TransForce will have a workforce of more than 3,100 employees, as well as a fleet of tractors and trailers comprising 7,000 units, and it will employ the services of 550 owner-operators. n
Maritime Ontario to build new office
MISSISSAUGA, Ont. – Maritime-Ontario Freight Lines will build a $25-million head office and distribution facility in Brampton, Ont.
The new site – to include 62,000 square feet of office, 126,000 square feet of warehouse, 93 truck-level doors, and container space for 10,000 TEUs – will be located on 65 acres adjacent to CN’s Brampton Intermodal Terminal.
The project is to be completed by Oct. 31. n
CTHRC plans its annual symposium
OTTAWA, Ont. – The theme of the Canadian Trucking Human Resources Council’s North American driver training symposium is “A Roadmap to Retention and Recruitment”, and the third-annual event is scheduled for June 9 to 11 at the Wyndam Bristol Place Hotel in Toronto.
The symposium provides an opportunity for human resources executives, trucking company managers, labor representatives and driver trainers to expand their network of industry contacts, upgrade their management/supervisory skills, learn new skills and learn more about their industry.
There are also five workshops scheduled that will deal exclusively with the topics of driver retention and recruitment.
Registration for the full program is $450 prior to April 1 and $495 after. Registration forms are available at www.cthrc.com, or by calling 613-244-4800. n
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