Titanium posts strong second quarter as freight volumes rebound preview image Business Management Titanium posts strong second quarter as freight volumes rebound August 12, 2020 BOLTON, Ont. – Titanium Transportation grew its profit by $400,000 in the second quarter year-over-year, after weathering the storm brought on by Covid-19. Its net income was $900,000 for the…
Keystone Western acquires Darcol preview image Transportation Keystone Western acquires Darcol August 11, 2020 WINNIPEG, Man. – Keystone Western has acquired Darcol International, a transportation company based in Winnipeg. “This acquisition adds capacity that will allow both organizations to leverage their industry expertise in…
Fastfrate Group buys Bestway preview image Business Management Fastfrate Group buys Bestway August 10, 2020 WOODBRIDGE, Ont. – Fastfrate Group has purchased cross-border carrier Bestway Cartage and Bestway Global Limited, giving it a stronger foothold in the U.S. Bestway has been in business since 1976,…
Andrew Card joins Hyliion board preview image Sustainability Andrew Card joins Hyliion board August 7, 2020 AUSTIN, Texas – Former White House chief of staff Andrew Card is joining the board of Hyliion Inc., which offers electrified powertrain solutions for Class 8 commercial vehicles. Card’s appointment…
First Brands Group acquires Raybestos, Luberfiner brands preview image Equipment First Brands Group acquires Raybestos, Luberfiner brands August 4, 2020 CLEVELAND, Ohio – First Brands Group has acquired the Raybestos and Luberfiner brands to its portfolio, through its acquisitions of Brake Parts Inc., and Champion Laboratories. The company, formerly known…
TFI International buys Keith Hall & Sons Transport preview image Business Management TFI International buys Keith Hall & Sons Transport August 4, 2020 BURFORD, Ont. – TFI International has acquired Keith Hall & Sons Transport, a family-run hauler of liquid and dry foods and general freight. TFI’s latest addition generates about $30 million…
Covid-19 bailout funds give U.S. Treasury stake in YRC preview image Transportation Covid-19 bailout funds give U.S. Treasury stake in YRC July 2, 2020 OVERLAND PARK, Kan. — The less-than-truckload (LTL) YRC fleet will receive a US $700 million loan through Covid-19 relief funds, giving the U.S. Treasury a 29.6% stake in the company.
Turbo Images acquires Lettrapub preview image Transportation Turbo Images acquires Lettrapub July 2, 2020 SAINT-GEORGES, Que. — Turbo Images has acquired its competitor Lettrapub, forming what the company called a “powerhouse” in the Canadian fleet graphics industry. The acquisition, which was announced this…
Edward Fuels joins McDougall Energy preview image Business Management Edward Fuels joins McDougall Energy June 29, 2020 SAULT STE. MARIE, Ont. – McDougall Energy has acquired Edward Fuels and its associated companies, including Manitoulin Fuels and Petroline Petroleums. The new divisions will operate under their existing names…
TFI picks up Comcar’s MCT Transportation preview image Business Management TFI picks up Comcar’s MCT Transportation June 29, 2020 MONTREAL, Que. – TFI International has purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries. TFI paid US$9.6 million for the assets, including accounts…
Hyliion finds partner, will list on NYSE preview image Equipment Hyliion finds partner, will list on NYSE June 19, 2020 AUSTIN, Texas – Electric powertrain specialist Hyliion has merged with Tortoise Acquisition Corp., and will list on the New York Stock Exchange under the symbol HYLN. Hyliion says the move…
Aevitas buys Fast Lane Freight Services preview image Business Management Aevitas buys Fast Lane Freight Services June 16, 2020 WINNIPEG, Man. – Fast Lane Freight Services has been acquired by Aevitas, an environmental services company with 10 locations in the U.S. and Canada. The deal closed June 1. Fast…
TFI International buys Gusgo Transport preview image Business Management TFI International buys Gusgo Transport June 12, 2020 MONTREAL, Que. – Canada’s largest trucking company just got bigger. TFI International has announced an agreement to acquire Gusgo Transport, a container and storage company with operations in Vaughan,…
