Mergers & Acquisitions

Canada Cartage gets new private equity owners

Canada Cartage will soon have new ownership, with United Arab Emirates-based private equity firm Mubadala Capital reaching an agreement to purchase the business. Canada Cartage has 33 facilities across Canada,…

Cummins closes Meritor acquisition

Cummins has completed its US$3.7-billion acquisition of Meritor, strengthening its ePowertrain portfolio and opening new opportunities supplying the industry with components such as axles and brakes. “We are excited to…

Fastfrate closes Challenger acquisition

Consolidated Fastfrate on Tuesday closed its deal to acquire a majority stake in Challenger Group, which it says establishes Fastfrate as a North American “powerhouse.” “Today’s closing of the acquisition…

Jardine Group acquires K&T Transport

Jardine Transport Group has purchased K&T Transport, an open-deck, dry van and logistics provider based in Plaster Rock, N.B. The company adds more than 60 power units to Jardine’s growing…

TFI International buys Transport St-Amour

TFI International has acquired Transport St-Amour, from l’Ange Gardien in Quebec’s Outaouais region. The news was announced by Kingsway Bulk, a division of TFI, via social media. The transaction allows Kingsway…

Shoreland Transport buys Connors Transfer

Shoreland Transport has purchased Connors Transfer, nearly doubling in size and giving parent company Cooke more control over its supply chain. Cooke is a major New Brunswick-based global seafood company.

Clarience Technologies buys Pressure Systems International

Clarience Technologies has purchased Pressure Systems International (PSI), maker of tire inflation management systems. The company says its latest addition will become increasingly important as the trucking industry transitions to…

National Truck League has new ownership

Westland Insurance has purchased National Truck League Insurance Brokers, a London, Ont.-based specialty insurance broker focusing on the transportation industry. “The acquisition of National Truck League further establishes Westland’s leading…

Canada Cartage buys Mackie Moving Systems

Canada Cartage announced Thursday that it has purchased Mackie Moving Systems in a move to expand its Final Mile delivery offerings. Mackie Transportation remains family-held and operated. Mackie Moving specializes…

Fastfrate takes majority stake in Challenger

Fastfrate has purchased a majority stake in Challenger Motor Freight – Canada’s ninth-largest fleet according to the Today’s Trucking Top 100 rankings – creating what will…

Titanium posts record Q1 results

Titanium Transportation smashed its revenue record in the first quarter, generating $136 million and producing $5.97 million in profit – a 410% year-over-year increase. Truck transportation revenue was up 26%…

TFI upgrades outlook, unlocking more potential from TForce Freight

TFI International entered this year in the best position in the company’s history, and is only scratching the surface when it comes to unlocking the value from last year’s acquisition…

GTI Transport adds to U.S. operations

GTI Transport has purchased Nashville, Tenn.-based 3PL business Foxconn Logistics. The Novacap-backed company says the acquisition strengthens its container transport offerings south of the border. “The intricacies of container and…

Lineage Logistics purchasing Versacold

Lineage Logistics is buying Versacold Logistics Services from Torquest Partners and its investment partners, the Investment Management Corporation of Ontario, and Optrust. Financial terms of the transaction were not disclosed. Founded…

Canada’s biggest truck fleets in 2022: The Top 100 (76-100)

Our annual countdown of Canada’s largest truck fleets continues with those who anchor the list — the fleets that ranked from 76-100 based on tallies of their available trucks, tractors…