Business Management 2023 is a buyer’s market in trucking M&A May 11, 2023 This has not been a banner year for the trucking industry. Economic conditions have erased the gains in tonnage and profit since the start of the pandemic. We are in…
Transportation Ritchie Bros. takes controlling interest in VeriTread January 9, 2023 Ritchie Bros. has acquired controlling interest in VeriTread – a business that specializes in technology platforms for heavy-haul transportation. Its products include a marketplace to list and quote shipments, an…
Transportation Express Mondor acquires WJ Deans December 19, 2022 Express Mondor has become one of Canada’s largest flatbed trucking operations by acquiring WJ Deans Transportation – a fleet that specializes in transporting metals. National Bank Private Investment and Desjardins,…
Transportation TFI International acquires Groupe Boutin October 31, 2022 Groupe Boutin, one of the oldest and largest trucking companies in Quebec, has sold its trucking operations to TFI International. The fleet has 170 tractors, 394 trailers, and 333 employees.
Business Management Kaide X Transportation sold to Power Link Expedite September 21, 2022 Power Link Expedite – a same-day courier and expedited company based in Milton, Ont. – has acquired Burlington-based Kaide X Transportation Services, which offers truckload, LTL and warehousing services. Through…
Business Management 5 things to consider when selling your trucking business July 27, 2022 Trucking mergers and acquisitions are on the rise as aging business owners look for an opportunity to sell their businesses and transition into retirement. Meanwhile, growing businesses are eager to…
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…
Transportation Supply chain M&A activity will continue with a few twists March 4, 2022 Based on sheer deal volume, last year was a record year for supply chain M&A. According to industry specialists Left Lane Associates, there were 53 announced deals that involved Canadian…
Transportation Ultrack to purchase Power Moves Transport fleet February 18, 2022 Ultrack Systems, a business that provides GPS tracking and monitoring solutions, has signed a memorandum of understanding to purchase Power Moves Transport. Power Moves Transport has a solid track record…
Transportation Groupe Morneau acquiring General Cartage September 28, 2021 Groupe Morneau is acquiring Toronto-based General Cartage, an LTL carrier, effective Oct. 1. While already active in Toronto in 20 years, building its presence in eastern Canada’s LTL sector, Groupe…
Supply Chain Canadian Tire takes stake in Ashcroft Terminal August 12, 2021 Canadian Tire is acquiring a 25% equity interest in Ashcroft Terminal, British Columbia’s largest inland port that handles 7,000 railcars and 6,000 trucks per year. PSA International, which retains a…
Transportation Trimac acquires Zengistics freight brokerage July 28, 2021 Trimac Transportation is acquiring Zengistics, a non-asset-based freight brokerage that supports activities with the Turvo supply chain management platform. It’s Trimac’s third acquisition in three months, but also represents the…
Technology Descartes acquires Green Mile in $30-million deal July 8, 2021 Descartes Systems Group of Waterloo, Ont., has acquired Green Mile – a cloud-based system that guides final mile deliveries for the food and beverage sector and other industries. The deal,…
Transportation CSX acquiring Quality Carriers May 14, 2021 The CSX railroad has announced it is acquiring Quality Carriers – North America’s largest bulk liquid chemical fleet – from Quality Distribution. Terms of the transaction were not disclosed. Quality…
Transportation Express Mondor acquires Dubois fleet, brokerage April 6, 2021 Express Mondor is acquiring Les Établissements Dubois Ltée – a fleet with more than 25 trucks and 75 trailers serving the entertainment industry and raw material businesses. Les Établissements Dubois…
