Transportation Covid-19 bailout funds give U.S. Treasury stake in YRC July 2, 2020 OVERLAND PARK, Kan. — The less-than-truckload (LTL) YRC fleet will receive a US $700 million loan through Covid-19 relief funds, giving the U.S. Treasury a 29.6% stake in the company.
Transportation Turbo Images acquires Lettrapub July 2, 2020 SAINT-GEORGES, Que. — Turbo Images has acquired its competitor Lettrapub, forming what the company called a “powerhouse” in the Canadian fleet graphics industry. The acquisition, which was announced this…
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…
Business Management TFI picks up Comcar’s MCT Transportation June 29, 2020 MONTREAL, Que. – TFI International has purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries. TFI paid US$9.6 million for the assets, including accounts…
Equipment Hyliion finds partner, will list on NYSE June 19, 2020 AUSTIN, Texas – Electric powertrain specialist Hyliion has merged with Tortoise Acquisition Corp., and will list on the New York Stock Exchange under the symbol HYLN. Hyliion says the move…
Business Management Aevitas buys Fast Lane Freight Services June 16, 2020 WINNIPEG, Man. – Fast Lane Freight Services has been acquired by Aevitas, an environmental services company with 10 locations in the U.S. and Canada. The deal closed June 1. Fast…
Business Management TFI International buys Gusgo Transport June 12, 2020 MONTREAL, Que. – Canada’s largest trucking company just got bigger. TFI International has announced an agreement to acquire Gusgo Transport, a container and storage company with operations in Vaughan,…
