Vitran buys LTL carrier to enhance Atlantic footprint

TORONTO — Canada’s largest LTL carrier is expanding its presence in North America’s East Coast freight network.

Vitran Corp., Canada’s third largest for-hire fleet, has closed the purchase for $132 million of Pittsburgh-based PJAX Freight System, a regional freight carrier that specializes in one-day service within the Mid-Atlantic region.

The acquisition expands Vitran’s reach into the
all-important Atlantic Coast, CEO Rick Gaetz says

“We are delighted to introduce PJAX as the newest region in Vitran’s North American LTL freight network. Following two successful acquisitions over the past 16 months — Chris Truck Line and Sierra West Express — we have continued to focus on further extending our geographical footprint,” stated Vitran President and CEO Rick Gaetz. “This important acquisition expands our reach into the all-important Atlantic Coast as we continue to press forward with our goal of complete LTL coverage throughout both Canada and the United States, and a strong cross-border business to complement country-wide coverage on both sides of the border.”

PJAX operates from 22 terminals, 13 of which are wholly-owned and were acquired by Vitran in the deal.

Along with the company’s other recent acquisitions, Vitran will be systematically cross-selling its premium regional, inter-regional and cross-border services to valued customers and adding PJAX’s six additional states to Vitran’s freight network, Gaetz added.

PJAX is a well-known player in its region. Recently, it was named Ryder’s LTL Midwest Region Carrier of the Year for the second straight year.