Business Management Wellington Group expands into U.S. market March 16, 2020 GUELPH, Ont. – A fast-growing Ontario freight hauler has expanded into the U.S. and says it isn’t yet done expanding. Wellington Group of Companies recently announced the acquisition of Hudson,…
Business Management Titanium positioned for ‘transformational’ acquisition March 12, 2020 BOLTON, Ont. – After a year of reducing its debt and improving its balance sheet, Titanium Transportation is in a position to potentially double its size through a “transformational” acquisition.
Business Management C.A.T. buys Penner International February 3, 2020 COTEAU-DU-LAC, Que. – C.A.T. has announced its purchase of 300-plus truck fleet Penner International. C.A.T. says the move will contribute to its continued development of its business in Western Canada.
Equipment Traton submits offer to purchase Navistar January 30, 2020 LISLE, Ill. – Navistar International has confirmed it has received an unsolicited takeover bid from Traton SE, the truck and bus division of Volkswagen. The offer was…
Equipment Bendix acquires R.H. Sheppard January 30, 2020 ELYRIA, Ohio – Bendix has purchased, through parent company Knorr-Bremse, the R.H. Sheppard Co. steering system company from Wabco. The company paid US$149.5 million for the company, which Wabco shed…
Transportation BorgWarner to acquire Delphi January 28, 2020 AUBURN HILLS, Mich. – BorgWarner announced today it will buy Delphi Technologies in an all-stock transaction. The company says the transaction will strengthen its power electronics products, capabilities and scale.
Business Management Morneau Eskimo makes Ontario acquisition December 19, 2019 TORONTO, Ont. – Morneau Eskimo has announced it has acquired Toronto, Ont.-based Beacon Transit Lines, which is being renamed Beacon Transport. The deal became effective Dec. 19. Morneau Eskimo is…
Transportation Titanium eyeing ‘transformational’ acquisition November 7, 2019 BOLTON, Ont. – With a healthy balance sheet and downward pressure on freight volumes and rates, the time could be right for Titanium Transportation to make a sizeable acquisition. That…
Business Management Kriska buys Trailwood Transport, Nexus October 2, 2019 PRESCOTT, Ont. – Kriska Transportation Group (KTG) has acquired Trailwood Transport and Nexus Freight, both operating out of Alliston, Ont. The two fleets will continue to be led by general…
Transportation Overcapacity creating challenges, opportunities: Titanium August 14, 2019 BOLTON, Ont. – Overcapacity and softening rates are creating headwinds for carriers, but also opportunities, as merger-and-acquisition (M&A) opportunities become more attractive. That was the message from Ted Daniel, CEO…
Business Management Manitoulin buys B.C. logistics company May 14, 2019 SURREY, B.C. – Manitoulin Transport has purchased Trident Freight Logistics, marking its first logistics acquisition in B.C. The company says the purchase strengthens the national scope of its logistics operations,…
Transportation GTI expands in U.S. May 13, 2019 MONTREAL, Que. – GTI Transport Solutions has announced its expansion in the U.S., through the acquisition of Jetco. Jetco is based in Houston, Texas and specializes in flatbed, heavy-haul, intermodal,…
Transportation TFI continues U.S. growth through acquisitions April 17, 2019 MONTREAL, Que. – TFI International’s U.S. last mile division, TForce Final Mile, has taken over select assets of BeavEx and its affiliates, Guardian Medical Logistics (GML), JNJW Enterprises, and USXP.
Business Management Trimac buys Gibson Energy’s trucking business April 2, 2019 CALGARY, Alta. – Trimac has announced it has agreed to purchase Gibson Energy’s trucking business. Trimac says the purchase expands is bulk transportation services, as Gibson has a large presence…
Business Management TFI International expands U.S. specialized division April 2, 2019 MONTREAL, Que. – TFI International has announced its purchase of specialized transport provider Aulick Leasing, and its tank trailer manufacturing affiliate, ShirAul. The company says the acquisition, combined with its…
