Stage your truck fleet for sale – even if it isn’t

Whether or not you’re interested in selling your business, business owners should always keep it “staged” and ready for a sale for when the right opportunity comes along. “You wouldn’t…

KAG Logistics buys Toronto 3PL Connectrans

KAG Logistics, the logistics division of North America’s largest tanker fleet Kenan Advantage Group, has purchased Toronto logistics firm Connectrans. The company says its acquisition will bolster its cross-border services…

Bison Transport scales up U.S. operations by acquiring Pottle’s

Bison Transport has continued its U.S. growth with the acquisition of Maine-based Pottle’s Transport. Pottle’s is a truckload fleet operating more than 200 tractors, 750 trailers and a third-party logistics…

Canada Cartage buys Seaway Express

Canada Cartage has announced its acquisition of Cornwall, Ont.-based LTL and truckload fleet Seaway Express. The company has more than 65 tractors, trailers and straight trucks and focuses on the…

TFI International strikes deal to sell CFI truckload and related U.S. business segments

TFI International has announced it will sell its U.S.-based CFI truckload and temperature-controlled fleets, as well as its Mexican logistics business, to Heartland Express for US$525 million. The sale includes…

Canada Cartage gets new private equity owners

Canada Cartage will soon have new ownership, with United Arab Emirates-based private equity firm Mubadala Capital reaching an agreement to purchase the business. Canada Cartage has 33 facilities across Canada,…

Jardine Group acquires K&T Transport

Jardine Transport Group has purchased K&T Transport, an open-deck, dry van and logistics provider based in Plaster Rock, N.B. The company adds more than 60 power units to Jardine’s growing…

TFI International buys Transport St-Amour

TFI International has acquired Transport St-Amour, from l’Ange Gardien in Quebec’s Outaouais region. The news was announced by Kingsway Bulk, a division of TFI, via social media. The transaction allows Kingsway…

Shoreland Transport buys Connors Transfer

Shoreland Transport has purchased Connors Transfer, nearly doubling in size and giving parent company Cooke more control over its supply chain. Cooke is a major New Brunswick-based global seafood company.

Canada Cartage buys Mackie Moving Systems

Canada Cartage announced Thursday that it has purchased Mackie Moving Systems in a move to expand its Final Mile delivery offerings. Mackie Transportation remains family-held and operated. Mackie Moving specializes…

Fastfrate takes majority stake in Challenger

Fastfrate has purchased a majority stake in Challenger Motor Freight – Canada’s ninth-largest fleet according to the Today’s Trucking Top 100 rankings – creating what will…

TransPro buys iQ Logistics

TransPro Freight Systems has purchased iQ Logistics, a Mississauga, Ont.-based provider of cross-border LTL, warehousing, brokerage and logistics services. “iQL is honored to join KTG (Kriska Transportation Group) as part…

Updated: Cummins to acquire Meritor in US$3.7-billion deal

Cummins announced today plans to buy Meritor for US$3.7 billion, or US$36.50 a share, in a move that will complement the buyer’s components business and add e-axles to its portfolio.

JBT Transport buys Heritage Transportation as it accelerates growth

Denis Medeiros, CEO of JBT Transport in Ayr, Ont., went from contemplating retirement to entering growth mode with the acquisition of nearby Heritage Transportation Group Feb. 2. “My son’s gotten…

Why it’s shaping up to be a record year for trucking and logistics M&A

It’s shaping up to be a record year for transportation and logistics merger and acquisition (M&A) activity, and valuations could reach a 10-year high. That’s the view of Spencer Tenney,…