New ownership sets Bison up for future growth preview image Business Management New ownership sets Bison up for future growth January 5, 2021 WINNIPEG, Man. – Bison Transport has new ownership it says will enable it to better meet its ambitious growth plans. On Jan. 1, James Richardson &…
BREAKING NEWS: Bison Transport lands new owner preview image Business Management BREAKING NEWS: Bison Transport lands new owner January 5, 2021 WINNIPEG, Man. – One of Canada’s most prominent trucking companies, Bison Transport, has been purchased by James Richardson & Sons. Bison, founded in 1969 by Duncan Jessiman, operates more than…
TIP Fleet Services Canada officially rolling preview image Transportation TIP Fleet Services Canada officially rolling January 4, 2021 MISSISSAUGA, Ont. – Train Trailer Rentals and Trailer Wizards have officially merged, creating a combined entity known as TIP Fleet Services Canada. Based in Mississauga, Ontario, the division operates under…
Private equity firm buys VersaCold preview image Supply Chain Private equity firm buys VersaCold December 18, 2020 TORONTO, Ont. – Private equity firm TorQuest Partners has purchased VersaCold Logistics Services. Terms of the deal were not disclosed. VersaCold was previously owned by KingSett Capital and Ivanhoe Cambridge.
Lion Electric to go public through merger with Northern Genesis preview image Equipment Lion Electric to go public through merger with Northern Genesis November 30, 2020 MONTREAL, Que. – The Lion Electric Company has announced it will merge with Northern Genesis Acquisition Corp., a publicly-traded special purpose acquisition company focused on sustainability. Upon closing, Lion will…
Titanium posts record revenues, initiates dividend preview image Business Management Titanium posts record revenues, initiates dividend November 11, 2020 BOLTON, Ont. – Titanium Transportation posted record quarterly revenue in the third quarter, benefiting from strong performance by the U.S. logistics operations and improving rates in the U.S. Revenue surged…
Henderson Insurance acquires HAL Insurance preview image Business Management Henderson Insurance acquires HAL Insurance November 5, 2020 REGINA, Sask. – Henderson Insurance has expanded its transportation business with the addition of HAL Insurance. The deal closed Nov. 2, strengthening Henderson’s position in the transport sector, according to…
Terrapure Environmental buys Water Blasting & Vacuum Services preview image Business Management Terrapure Environmental buys Water Blasting & Vacuum Services November 3, 2020 EDMUNSTON, N.B. – Terrapure Environmental has announced its acquisition of Water Blasting & Vacuum Services (WBVS), including all vehicles and equipment. Terms of the deal were not disclosed. WBVS provides…
Daimler takes stake in Luminar in push for autonomous trucks preview image Technology Daimler takes stake in Luminar in push for autonomous trucks October 30, 2020 PALO ALTO, Calif. – Daimler Trucks has acquired a minority stake in the U.S. software firm Luminar Technologies as part of a strategic partnership to bring Level 4 autonomous trucks…
Volvo, Isuzu form strategic alliance preview image Equipment Volvo, Isuzu form strategic alliance October 30, 2020 GOTHENBURG, Sweden — The Volvo Group and Isuzu Motors have signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing…
Ritchie Bros. acquires U.S. data firm preview image Equipment Ritchie Bros. acquires U.S. data firm October 29, 2020 VANCOUVER, B.C. – Equipment auction giant Ritchie Bros. is acquiring U.S. data intelligence provider Rouse Services for US$275 million in a cash-and-stock deal, the two companies announced after market closing…
Teleo Capital completes acquisition of Rand McNally preview image Technology Teleo Capital completes acquisition of Rand McNally October 26, 2020 CHICAGO, Ill. – The private equity firm Teleo Capital has completed its acquisition of Rand McNally, and named Joseph Roark chairman. “We are extremely excited to support the Rand McNally…
TFI posts strong Q3, terminates APPS acquisition preview image Business Management TFI posts strong Q3, terminates APPS acquisition October 23, 2020 MONTREAL, Que. – TFI International shook off the effects of the Covid-19 pandemic, posting a strong third quarter and restoring its workforce. TFI reported net income of $110.7 million, up…
Traton reaches deal with Navistar preview image Equipment Traton reaches deal with Navistar October 16, 2020 MUNICH, Germany – Traton SE, the truck and bus division of Volkswagen AG, said Friday it has reached an agreement in principle to acquire Navistar International. Traton, which already owns…
Mexuscan grows with granite hauler acquisition preview image Business Management Mexuscan grows with granite hauler acquisition October 8, 2020 STANSTEAD, Que. – Mexuscan Cargo has purchased R.H. Rediker Transport, which has been serving the granite industry for more than 80 years. The acquisition includes R.H. Rediker’s Stanstead, Que.-based terminal.
