Canadian transport and logistics company Fastfrate Group said Thursday it has acquired a controlling stake in Canadian truckload and logistics provider Challenger Group for an undisclosed sum.
The transaction, which will combine two old-line, Toronto-based companies with about CA$1 billion in annual revenue, dramatically expands Fastfrate’s cross-border trucking exposure, CEO Manny Calandrino said in a phone interview.
Challenger generates between 65% and 70% of its revenue from cross-border...
https://www.freightwaves.com/news/fastfrate-challenger-acquisition-canada-cross-border-trucking