Vitran sells off US truckload firm
TORONTO, Ont. –Vitran has announced it has sold its US owner/ operator-based fleet Frontier Transport to Online Transport out of Indianapolis, Ind.
“For the last few years, Vitran has been focusing on its two core segments, LTL and Supply Chain Operations,” said Rick Gaetz, CEO of Vitran.
“Frontier, our small owner/operator truckload operation, took a back seat. Therefore, we are extremely pleased with this transaction as the majority of our associates will continue to serve our many valued truckload customers, and our sole focus will be on our two core operations.”
As part of the deal, Online Transport purchased 794 trailers while Vitran will keep 174 of its newest trailers, which will be redeployed in its LTL operation, the company announced.
Steve Cook, president of Frontier, will stay on as the leader of Online.
“I am appreciative of my long-standing relationship with Vitran and am excited to be bringing Frontier into a pure truckload environment so that we may aggressively develop the company into the future,” he said.
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