TORONTO, Ont. — Hercules Forwarding Inc. has entered into an agreement with Clipper Group to purchase their Less than Truckload (LTL) unit.
This does not include their Brokerage, Logistics or Intermodal units. This transaction is expected to close on December 31st, 2003, with Hercules commencing operations on January 1, 2004. Hercules and Clipper have additionally entered into mutual marketing agreements.
Hercules, an asset-based US/Canadian LTL carrier, currently operates terminals throughout the US and Canada. The acquisition of the Clipper LTL division will add additional terminals and services broadening Hercules’ overall service area.
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