Canadian trucking and logistics company Fastfrate Group has acquired third-party logistics provider ASL Distribution Services in a deal that dramatically expands its cross-border e-commerce business.
Fastfrate announced the acquisition on Tuesday and said it will boost annual revenue by CA$120 million ($94 million) in 2021. The deal adds 13 terminals and final-mile hubs in New York and Ontario, Quebec and Manitoba in Canada.
It comes amid a wave of acquisitions in the Canadian trucking and...
https://www.freightwaves.com/news/canadas-fastfrate-buys-cross-border-logistics-provider-asl