Business Management TFI International strikes deal to sell CFI truckload and related U.S. business segments August 22, 2022 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…
Business Management Canada Cartage gets new private equity owners August 8, 2022 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,…
Equipment Cummins closes Meritor acquisition August 3, 2022 Cummins has completed its US$3.7-billion acquisition of Meritor, strengthening its ePowertrain portfolio and opening new opportunities supplying the industry with components such as axles and brakes. “We are excited to…
Business Management Fastfrate closes Challenger acquisition August 3, 2022 Consolidated Fastfrate on Tuesday closed its deal to acquire a majority stake in Challenger Group, which it says establishes Fastfrate as a North American “powerhouse.” “Today’s closing of the acquisition…
Business Management Jardine Group acquires K&T Transport July 18, 2022 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…
Business Management TFI International buys Transport St-Amour July 8, 2022 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…
Business Management Shoreland Transport buys Connors Transfer July 8, 2022 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.
Equipment Clarience Technologies buys Pressure Systems International July 6, 2022 Clarience Technologies has purchased Pressure Systems International (PSI), maker of tire inflation management systems. The company says its latest addition will become increasingly important as the trucking industry transitions to…
Business Management National Truck League has new ownership July 6, 2022 Westland Insurance has purchased National Truck League Insurance Brokers, a London, Ont.-based specialty insurance broker focusing on the transportation industry. “The acquisition of National Truck League further establishes Westland’s leading…
Business Management Canada Cartage buys Mackie Moving Systems June 16, 2022 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…
Business Management Fastfrate takes majority stake in Challenger June 15, 2022 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…
Equipment Meritor acquires Siemens’ Commercial Vehicles business May 24, 2022 Meritor has announced an agreement to acquire Siemens’ Commercial Vehicles business for about US$203.5 million in cash. The deal is expected to wrap up by year end, and has the…
Business Management GTI Transport adds to U.S. operations April 22, 2022 GTI Transport has purchased Nashville, Tenn.-based 3PL business Foxconn Logistics. The Novacap-backed company says the acquisition strengthens its container transport offerings south of the border. “The intricacies of container and…
Business Management Rand McNally acquisition expands connected vehicle capabilities April 12, 2022 Rand McNally has announced its acquisition of Australian connected vehicle platform Fleetsu. The move into the connected vehicle space will allow Rand McNally to expand its offerings in the transportation…
Business Management TransPro buys iQ Logistics March 1, 2022 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…
