Andlauer Healthcare Group to purchase Skelton Truck Lines preview image Business Management Andlauer Healthcare Group to purchase Skelton Truck Lines February 24, 2021 Andlauer Healthcare Group (AHG) has agreed to purchase Skelton Truck Lines’ Canadian operations, and 49% of its U.S. business for approximately $114.7 million. AHG has the option to acquire the…
Goodyear to acquire Cooper Tire preview image Equipment Goodyear to acquire Cooper Tire February 22, 2021 The Goodyear Tire and Rubber Company will acquire the Cooper Tire and Rubber Company in a US$2.8-billion transaction. Cooper is North America’s fifth-largest tire manufacturer and has 10,000 employees in…
Seaboard Transportation purchases Armour Transportation Systems preview image Business Management Seaboard Transportation purchases Armour Transportation Systems February 19, 2021 Armour Transportation Systems has been purchased by Cape Breton, N.S.-based Seaboard Transportation Group. Armour Transportation was founded in 1966 by Wes Armour, and has grown to include more than 2,000…
Fastfrate acquires ASL Distribution Services, builds e-commerce capabilities preview image Business Management Fastfrate acquires ASL Distribution Services, builds e-commerce capabilities February 16, 2021 Fastfrate Group is acquiring ASL Distribution Services for an undisclosed sum, adding to a recent frenzy of mergers and acquisitions in Canada’s trucking industry. The deal, which includes all operating…
XTL Group buys Transport Savoie preview image Business Management XTL Group buys Transport Savoie February 12, 2021 The XTL Group has acquired cross-border refrigerated transport provider Transport Savoie of Manseau, Que. The deal marks XTL’s first acquisition in its history and adds nearly 40 power units to…
Quiet on the M&A front, Mullen Group may eye U.S. market preview image Business Management Quiet on the M&A front, Mullen Group may eye U.S. market February 11, 2021 Mullen Group may take a closer look at expanding in the U.S., as a stagnant Canadian economy and pricey valuations have tempered the company’s appetite to make a major deal…
New equipment, revenue-generating terminals part of TForce Freight’s plan preview image Business Management New equipment, revenue-generating terminals part of TForce Freight’s plan February 10, 2021 TFI International’s first step in integrating the UPS Freight fleet it purchased in January will be to upgrade the equipment to reduce maintenance and repair costs, and improve driver satisfaction.
White Spruce Partners buys North End Auto Spring preview image Equipment White Spruce Partners buys North End Auto Spring February 9, 2021 White Spruce Partners has acquired North End Auto Spring, a Winnipeg-based truck repair center and wholesale parts distributor. North Auto Spring says it’s the largest supplier of suspension parts in…
Nortrans buys Micra Transportation Services preview image Business Management Nortrans buys Micra Transportation Services February 9, 2021 Nortrans Freight Management has purchased Micra Transportation Services, which operates a fleet of roll tite and curtainside trailers, specializing in third-party logistics. The acquisition expands Nortrans’ fleet to 85 trailers…
Heniff Transportation buys Premier Bulk Systems preview image Business Management Heniff Transportation buys Premier Bulk Systems February 2, 2021 Premier Bulk Systems has a new owner, after being acquired by U.S.-based Heniff Transportation Systems. Premier will continue to operate as a separate Canadian entity led by founder Kevin Berry.
TFI International acquires Fleetway Transport preview image Business Management TFI International acquires Fleetway Transport February 1, 2021 TFI International has purchased Fleetway Transport, a Brantford, Ont.-based truckload and heavy haul provider. Fleetway operates flatbeds, roll-tites, stepdecks and other equipment as well as providing warehousing and transportation for…
KTG acquires two London trucking businesses preview image Business Management KTG acquires two London trucking businesses February 1, 2021 Kriska Transportation Group (KTG) has added two Ontario businesses to its stable: Round The Lakes Motor Express and Ready to Load Logistics. Both companies will operate under current leadership, with…
Why M&A activity should heat up this year preview image Business Management Why M&A activity should heat up this year January 26, 2021 Owners of trucking and logistics companies could fetch a premium for their businesses in 2021, thanks to pent-up buyer demand and an increase in interest from non-traditional buyers. Spencer Tenney,…
TFI International buys UPS Freight in $800M blockbuster deal preview image Business Management TFI International buys UPS Freight in $800M blockbuster deal January 25, 2021 TransForce International has announced it has acquired UPS Freight, the less-than-load (LTL) and truckload divisions of United Parcel Services. Those divisions generated about US$3 billion in revenue last year, and…
Canada Cartage expands Ottawa presence, eyes Final Mile growth preview image Business Management Canada Cartage expands Ottawa presence, eyes Final Mile growth January 7, 2021 MISSISSAUGA, Ont. – Canada Cartage has expanded by 50 trucks through its acquisition of City Transfer. But the deal announced this week also represents just the latest step in a…
