Stemco Reaches Agreement With Goodyear

LONGVIEW, TX -- Stemco has officially reached a trademark license agreement (TMLA) with The Goodyear Tire & Rubber Co following its recent acquisition of the manufacturer of Goodyear Air Springs.

Trimac Purchases Assets of Small Quebec Fleet

CALGARY, AB - Bulk trucking services provider Trimac Transportation Ltd. is increasing its operation in a target market with the purchase of assets of from one small fleet.

Groupe Morneau Expands, Acquires Total Cold Storage

ANJOU, QC - The trucking company Groupe Morneau announced this week it has finalized its purchase of Total Cold Storage, located in its hometown on Anjou, QC.

TransForce’s Transport America Acquires Optimal Freight

ETOBICOKE, ON and EAGAN, MN - A subsidiary of Canadian trucking giant TransForce Inc. has purchased a majority stake in a U.S. non-asset based truckload freight brokerage company.

BMO Closes on Purchase of GE Transportation Finance

CHICAGO, IL and TORONTO, ON -- BMO Financial Group, the parent of BMO Bank of Montreal, and its wholly-owned Chicago-based subsidiary BMO Harris Bank N.A. has completed its acquisition of General Electric Capital Corp's. Transportation Finance business.

Titanium Transportation Purchasing ProNorth Transportation

WOODBRIDGE, ON -- Titanium Transportation Group Inc. announced it has received the approval of its board of directors to finalize definitive agreements to acquire ProNorth Transportation.

Trailer Wizards Focusing on 401 Corridor with Purchase

MISSISSAUGA, ON -- The commercial trailer rental, leasing, sales, service, parts and storage, company Trailer Wizards Ltd. announced on Wednesday it has acquired a trailer repair and maintenance company focused on serving the London and 401 corridor.

Kriska Purchasing Transpro Freight Systems

PRESCOTT and MILTON, ON - Trucking company Kriska Transportation Group Ltd. announced Tuesday it signed a letter of intent to acquire the shares of fellow Ontario-based carrier Transpro Freight Systems Ltd., based in Milton.

TransForce Profit Jumps, Exiting Rig Moving, Eyeing U.S.

MONTREAL, QC - Trucking giant TransForce Inc. did more than just release its third quarter earnings on Thursday showing an increase in profitability. It announced it was getting out of one business while saying the next day where it was setting its sights for future growth.

Thermo King Purchases Telematics Provider

MINNEAPOLIS, MN - A manufacturer of transport temperature control systems for trucking and a variety of other applications has purchased a developer of customized and integrated vehicle tracking and fleet management solutions.

Mullen Purchases Courtesy Freight Systems

OKOTOKS, AB -- The trucking and logistics provider Mullen Group Ltd. has closed on its acquisition of Courtesy Freight Systems Ltd., a privately- owned freight transportation company.

Tandet Continues Wave of Trucking Purchases

OAKVILLE, ON - The parent to several trucking operations continues growing, purchasing Connell Transport, based in Hamilton, ON. The move by Tandet Group creates new opportunities in its bulk logistics business, Tandet Logistics, according to the company, with the addition of 60 tractors and 80 trailers, and giving it terminals in Oakville, Mississauga, Cambridge and Sarnia, ON, along with a western focused terminal and rail transfer operation in Winnipeg, MB.

Truck-Lite Purchased, Penske Relinquishes Majority Interest

FALCONER, NY - Truck-Lite Co. has announced it is being purchased by an affiliate of Koch Equity Development LLC and BDT Capital Partners LLC and will partner with Penske Corp. The move will allow the commercial vehicle and filtration systems provider, owned by Penske and funds affiliated with the private investment firm Kelso & Company, to relinquish its majority control, while allowing Truck-Lite to expand with new products and services, according to a news release.

19,000 trucks and counting: XPO buys Con-Way for $3 Billion

GREENWICH, CT.--If you've ever mused that it'd be great to sell off your assets and get into the, say, 3PL business, one of the biggest trucking deals in history should give you a reason to think otherwise. In early September, the colossal freight brokerage pros XPO Logistics Inc., bought Con-Way Inc. for about $3 billion, officially making the logistics company the second biggest LTL carrier on the continent. The combination will grow XPO's global ground transportation network to approximately 19,000 owned tractors and 46,000 owned trailers, 10,000 trucks contracted through independent owner operators, and access to more than 50,000 independent carriers.

Canadian Bank Buying GE Capital Transportation Finance

CHICAGO, TORONTO, and FAIRFIELD, CT -- General Electric Corp. has agreed to sell its GE Capital Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO), the parent of BMO Bank of Montreal, and to its wholly-owned Chicago-based subsidiary BMO Harris Bank. Terms of the deal have not been released though BMO said the acquisition has net earning assets of approximately US$9 billion. The transaction is subject to customary regulatory and other approvals and is expected to close in December of 2015. The move is the latest by GE to sell off most of the assets in its GE Capital Financing operation. "We continue to execute on our asset sales and are on track to reduce our ending net investment by US$100 billion by the end of 2015 and expect to be substantially done with our exit strategy by the end of 2016," said Keith Sherin, GE Capital chairman and CEO.