Keyword
M&A
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Overcapacity creating challenges, opportunities: Titanium
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 of Titanium Transportation Group, when he addressed investment analysts on…
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Manitoulin buys B.C. logistics company
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, with five operation centers across Canada. Trident focuses on the…
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GTI expands in U.S.
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, logistics and specialized loads. GTI says the acquisition will allow…
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TFI continues U.S. growth through acquisitions
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. The companies were obtained through a deal approved by the…
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Trimac buys Gibson Energy’s trucking business
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 in Western Canada. Gibson was founded in 1953 as Gibson…
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TFI International expands U.S. specialized division
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 recent purchase of Schilli, creates a platform for specialized truckload…
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Day & Ross expands U.S. operations
HARTLAND, N.B. – Day & Ross has expanded its U.S. footprint with the acquisition of A&S Kinard and Buckler Transport. The acquisition makes Day & Ross one of the top 10 suppliers of dedicated services in North America, according to…
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Dicom Canada sold
MONTREAL, Que. – Dicom Canada has been sold to General Logistics Systems, a subsidiary of Royal Mail, for $360 million. Dicom Canada focuses on ground-based parcel, freight, and logistics services in Canada, with a focus on Ontario and Quebec. It…
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Express Mondor acquires Transport L’Epiphanie
LANORAIE, Que. – Express Mondor has announced its acquisition of Transport L’Epiphanie, which will complement its specialized operations. The acquisition includes Transport L’Epiphanie’s rolling stock, which when combined with Express Mondor’s existing fleet, now includes more than 100 tractors and…
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Challenger buys Ed Wiersma Trucking, raises driver pay
CAMBRIDGE, Ont. – Challenger Motor Freight has agreed to acquire the majority of Ed Wiersma Trucking’s assets. The company says the deal is expected to close by the end of March. Challenger said the acquisition will complement its special commodities…
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Mullen Group buys DWS Logistics
OKOTOKS, Alta. – Mullen Group has announced the acquisition of DWS Logistics, expanding its third-party logistics and warehousing services. DWS is based in Mississauga, Ont., with distribution centers in the Greater Toronto Area and the Lower Mainland of B.C. Its…
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FBI Group buys Consolidated Carriers
VAUGHAN, Ont. – Freight Brokers International (FBI Group) announced today it has acquired Consolidated Carriers, a non-asset-based freight broker in Markham, Ont. Consolidated Carriers employees, including owner Wayne McCord, will join The FBI Group and work out if its Vaughan,…
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Overcapacity remains, but ELD mandate will help: Titanium
BOLTON, Ont. – Overcapacity and pressure on pricing made 2016 a challenging year for Titanium Transportation, but the stage is now set for it to resume its growth. Ted Daniel, CEO of Titanium, addressed analysts last week to discuss 2016…
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TransForce International buys National Fast Freight
BRAMPTON, Ont. – TransForce International has announced the acquisition of National Fast Freight from Calyx Transportation Group. National Fast Freight provides LTL intermodal services across Canada and has generated $80 million of intermodal revenue over the past 12 months. TransForce…
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Lakeside deal demonstrates healthy appetite for Canadian logistics companies: Nix
OAKVILLE, Ont. – The recent sale of fourth-party logistics provider Lakeside Logistics to US heavyweight Transplace, shows there’s a healthy appetite for Canadian transportation and logistics companies. That’s the opinion of Doug Nix, vice-chairman of Corporate Finance Associates, who orchestrated…
