Lion Electric to go public through merger with Northern Genesis

MONTREAL, Que. – The Lion Electric Company has announced it will merge with Northern Genesis Acquisition Corp., a publicly-traded special purpose acquisition company focused on sustainability. Upon closing, Lion will…

Titanium posts record revenues, initiates dividend

BOLTON, Ont. – Titanium Transportation posted record quarterly revenue in the third quarter, benefiting from strong performance by the U.S. logistics operations and improving rates in the U.S. Revenue surged…

Henderson Insurance acquires HAL Insurance

REGINA, Sask. – Henderson Insurance has expanded its transportation business with the addition of HAL Insurance. The deal closed Nov. 2, strengthening Henderson’s position in the transport sector, according to…

Terrapure Environmental buys Water Blasting & Vacuum Services

EDMUNSTON, N.B. – Terrapure Environmental has announced its acquisition of Water Blasting & Vacuum Services (WBVS), including all vehicles and equipment. Terms of the deal were not disclosed. WBVS provides…

Daimler takes stake in Luminar in push for autonomous trucks

PALO ALTO, Calif. – Daimler Trucks has acquired a minority stake in the U.S. software firm Luminar Technologies as part of a strategic partnership to bring Level 4 autonomous trucks…

Volvo, Isuzu form strategic alliance

GOTHENBURG, Sweden — The Volvo Group and Isuzu Motors have signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing…

Ritchie Bros. acquires U.S. data firm

VANCOUVER, B.C. – Equipment auction giant Ritchie Bros. is acquiring U.S. data intelligence provider Rouse Services for US$275 million in a cash-and-stock deal, the two companies announced after market closing…

Teleo Capital completes acquisition of Rand McNally

CHICAGO, Ill. – The private equity firm Teleo Capital has completed its acquisition of Rand McNally, and named Joseph Roark chairman. “We are extremely excited to support the Rand McNally…

TFI posts strong Q3, terminates APPS acquisition

MONTREAL, Que. – TFI International shook off the effects of the Covid-19 pandemic, posting a strong third quarter and restoring its workforce. TFI reported net income of $110.7 million, up…

Traton reaches deal with Navistar

MUNICH, Germany – Traton SE, the truck and bus division of Volkswagen AG, said Friday it has reached an agreement in principle to acquire Navistar International. Traton, which already owns…

Mexuscan grows with granite hauler acquisition

STANSTEAD, Que. – Mexuscan Cargo has purchased R.H. Rediker Transport, which has been serving the granite industry for more than 80 years. The acquisition includes R.H. Rediker’s Stanstead, Que.-based terminal.

TFI International buys U.S. dry bulk hauler

MONTREAL, Que. – TFI International has purchased the dry bulk business of Grammer Logistics, a southeastern U.S. company hauling cement and cementitious materials, sand, fly ash, salt and lime. Grammer…

Mullen expands eastern Canada presence with IWD acquisition

OKOTOKS, Alta. – Mullen Group has reached an agreement to acquire Mississauga, Ont.-based International Warehousing & Distribution (IWD). The company provides Customs sufferance warehousing, air import/export deliveries, and full container…

Kenan Advantage Group buys Paul’s Hauling

WINNIPEG, Man. – The Kenan Advantage Group (KAG) has continued its expansion into the Canadian market with its purchase of Paul’s Hauling. The acquisition was made through its Canadian subsidiary…

Hyliion completes merger with Tortoise

AUSTIN, Texas – Hyliion has completed its merger with the special-purpose acquisition company Tortoise Acquisition Corp, the hybrid truck powertrain maker announced late Thursday. The merger, approved by Tortoise stockholders…