Supply Chain Lineage Logistics closes VersaCold acquisition August 11, 2022 Lineage Logistics has closed the acquisition of VersaCold Logistics Services, which was first announced on April 13. VersaCold operates 24 temperature-controlled facilities spanning 114 million cubic feet of capacity across…
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…
Business Management Titanium posts record Q1 results May 17, 2022 Titanium Transportation smashed its revenue record in the first quarter, generating $136 million and producing $5.97 million in profit – a 410% year-over-year increase. Truck transportation revenue was up 26%…
Business Management TFI upgrades outlook, unlocking more potential from TForce Freight April 29, 2022 TFI International entered this year in the best position in the company’s history, and is only scratching the surface when it comes to unlocking the value from last year’s acquisition…
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…
Transportation Lineage Logistics purchasing Versacold April 13, 2022 Lineage Logistics is buying Versacold Logistics Services from Torquest Partners and its investment partners, the Investment Management Corporation of Ontario, and Optrust. Financial terms of the transaction were not disclosed. Founded…