COMPETITION WATCH: Contrans completes third consecutive flat bed carrier acquisition in last three months

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WOODSTOCK, Ont. — Contrans Income Fund has completed the acquisition of General Freight Carriers Inc., a specialized flatbed trucking operation based in Saint John, New Brunswick.

It is Contrans’ third consecutive flatbed trucking acquisition since October 2005.

General Freight’s operations are focused on the transportation of building products and other goods, primarily within Eastern Canada and the Northeastern United States. General Freight operates approximately forty-seven highway tractors and sixty trailers, and employs ten owner-operators under contract. It recorded revenue of approximately $10.5 million in its most recent fiscal year ended September 30, 2005.

Contrans plans to continue to operate General Freight as an independent operating unit with its existing complement of management and staff. The move marks stated that,

“General Freight is a premium-service truckload flatbed carrier, with an excellent reputation in the industry and high-quality, modern equipment. We hope to leverage their strengths with ours and deliver the high quality service that General Freight’s customers have grown to expect,” said Stan Dunford, Chief Executive Officer of Contrans, in a company release.

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