Truck News

News

$90M offered for Canadian Freightways

RIVERSIDE, Calif. -- Consolidated Freightways, which filed for bankruptcy in Sept. 2002, has been offered CAD $90 m...


RIVERSIDE, Calif. — Consolidated Freightways, which filed for bankruptcy in Sept. 2002, has been offered CAD $90 million for Canadian Freightways.

The company nevertheless intends to auction it off to the highest bidder.

This latest bid comes from investors led by an unnamed Canadian capital management company and includes the assumption of liabilities. The Canadian unit is financially and operationally independent from the parent company.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*