MONTREAL, Que. — TransForce has announced it has finalized the deal to take over DHL Express Canada’s domestic operations and run it as a new subsidiary called Loomis Express.
Loomis Express and DHL Express Canada will operate as two separate companies, providing an integrated domestic and international suite of services, the companies announced.
Loomis will provide expanded domestic operations in the Canadian package and courier sector while DHL Express Canada focuses on the Canadian international shipping segment.
“This transaction creates a strong competitive advantage, bringing together two leading organizations to deliver a more powerful service across Canada and the world,” said Alain Bedard, chairman, president and CEO of TransForce. “The deal solidifies TransForce’s position as a leading Canadian provider of package and courier services. We have now been working together for almost two months and customer reaction to the enhanced service offering had been most positive. Similar to the February Dynamex agreement, the DHL Express asset purchase is asset light.”
Loomis is being headed by DHL’s existing domestic management team to ensure a smooth transition.
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