Mullen Group plans to acquire APPS Transport Group

Canadian trucking and logistics company Mullen Group Ltd. (TSX:MTL) announced Monday it has entered into a letter of intent to acquire Canadian less-than-truckload (LTL) and intermodal carrier APPS Transport Group Inc. and its business units, APPS Cartage Inc. and APPS Cargo Terminals. The parties expect to close on the deal June 1.

In the announcement, Murray K. Mullen, chairman and CEO of Mullen Group, expressed excitement that Rob McDonald, the founder of APPS Transport Group, will remain in...

https://www.freightwaves.com/news/mullen-group-plans-to-acquire-apps-transport-group

TFI to acquire APPS Transport to boost Canadian LTL business

A tractor-trailer of APPS Transport Group. TFI International is acquiring APPS.

TFI International (NYSE:TFII)  has signed an agreement to acquire APPS Transport Group, a Canadian less-than-truckload (LTL) and intermodal carrier based near Toronto, the company said on Friday.

The acquisition will help bolster TFI’s lagging Canadian LTL business. APPS Transport has annual revenue of about $76 million (CA$100 million), with about 70 company drivers and more than 80 independent contractors. 

It also suggests TFI is carrying on business as usual after a ransomware attack hit its...

https://s29755.pcdn.co/news/tfi-to-acquire-apps-transport-to-boost-canadian-ltl-business