Business Management Rising interest rates, skyrocketing inflation will affect trucking M&A landscape January 9, 2023 Merger and acquisition activity may slow this year as freight conditions normalize and the cost of borrowing increases, but dealmakers are still gonna deal. Organic growth — one truck, driver…
Business Management Stage your truck fleet for sale – even if it isn’t November 18, 2022 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…
Business Management What’s driving the flurry of M&A activity? February 9, 2021 A flurry of merger and acquisition activity to start 2021 may just be a hint of what’s to come this year. We’ve seen 10 deal announcements cross our desks in…
Business Management Why M&A activity should heat up this year January 26, 2021 Owners of trucking and logistics companies could fetch a premium for their businesses in 2021, thanks to pent-up buyer demand and an increase in interest from non-traditional buyers. Spencer Tenney,…
Business Management BREAKING NEWS: Bison Transport lands new owner January 5, 2021 WINNIPEG, Man. – One of Canada’s most prominent trucking companies, Bison Transport, has been purchased by James Richardson & Sons. Bison, founded in 1969 by Duncan Jessiman, operates more than…
Business Management Edward Fuels joins McDougall Energy June 29, 2020 SAULT STE. MARIE, Ont. – McDougall Energy has acquired Edward Fuels and its associated companies, including Manitoulin Fuels and Petroline Petroleums. The new divisions will operate under their existing names…
Transportation Covid-19 shuffles M&A landscape June 10, 2020 TORONTO, Ont. — The Covid-19 crisis has put many trucking companies on the ropes, while also creating a new set of well-liquidated first-time buyers. Because the pandemic has hit certain…
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…
Business Management CN finalizes TransX acquisition March 22, 2019 WINNIPEG, Man. – CN has announced it has closed its acquisition of The TransX Group of Companies. The deal was first announced on Oct. 30, 2018. “We are pleased to…
Transportation GTI buys Precision Specialized Division February 11, 2019 WOODBRIDGE, Ont. – GTI Transport Solution has announced it is acquiring Precision Specialized Division, a division of Precision Truck Lines. Precision Specialized focuses on open-deck and heavy-haul transportation, which are…
Transportation Kriska acquires Icon Transportation February 11, 2019 PRESCOTT, Ont. – Kriska Transportation Group has announced its acquisition of Icon Transportation Logistics (ITL) out of Puslinch, Ont. The company will continue to be led by general manager Alen…
Business Management Day & Ross makes western acquisition December 14, 2018 OKOTOKS, Alta. – Day & Ross has announced it has purchased Alberta-based Stonehammer Transport. “This acquisition in Western Canada is a significant complement to our eastern flatbed fleet, bolstering our…
Transportation Manitoulin deal strengthens northern presence December 13, 2018 WHITEHORSE, YUKON – Manitoulin Transport has purchased Kluane Freight Line’s book of business and formed a joint venture with the Chief Isaac Group of Companies. Kluane is a First Nation-owned…
Business Management Big Freight merges with Kelsey Trail Trucking July 5, 2018 WINNIPEG, Man. – Big Freight Systems has announced it will merge with Kelsey Trail Trucking, combining to operate nearly 750 tractors and trailers. Kelsey Trail will operate as a division…
Business Management ITS buys Mortrans May 4, 2018 BELLEVILLE, Ont. – International Truckload Services (ITS) has announced its acquisition of Mortrans Transport. The deal includes 45 trucks and 65 employees. “Not only will we keep all their employees,…
