Canadian companies

TForce Freight drivers to reduce miles, handle more freight

A brown tractor-trailer with the logo of TForce Freight travels on a city street with a trailer of UPS seen in the background.

TForce Freight pickup and delivery drivers will be driving fewer miles and picking up more freight per stop as part of TFI International’s efforts to improve operational efficiency in its U.S. LTL operations, CEO Alain Bédard said on Tuesday. 

“Drivers, they like to drive. … Me, I like to pick up freight,” Bédard told financial analysts. “So we have a disconnect. So what we want to do is have our P&D guys drive less miles and pick up more freight.”

Bédard made the comments a day after...

https://www.freightwaves.com/news/tforce-freight-drivers-to-reduce-miles-handle-more-freight

TFI acquires Missouri trucking company D&D

A tractor-trailer of D&D Sexton, which was acquired by TFI International, travels on a highway with fields in background.

TFI International has acquired Missouri trucking company D&D Sexton in a deal that expands the temperature-controlled trucking business of the Canadian firm’s U.S. carrier CFI.

The acquisition, announced Monday, adds a fleet of over 120 tractors and more than 150 drivers. TFI (NYSE:TFII) did not disclose the price but said D&D had revenues of over $25 million. 

Carthage, Missouri-based D&D will operate within CFI — headquartered in nearby Joplin. It follows a recent reorganization of CFI, which...

https://www.freightwaves.com/news/tfi-acquires-missouri-trucking-company-dd

TFI folding US truckload, dedicated operations into CFI

A white tractor-trailer of TFI International carrier CFI traveling on a road with green pine trees in the background.

TFI International is consolidating its U.S. truckload and dedicated trucking operations under the umbrella of its Missouri-based carrier CFI, which has already absorbed Transport America — with the small dedicated operation of former UPS Freight to follow in 2022. 

CFI announced the changes on Monday as part of an expansion and reorganization. It also includes a new temperature-controlled division from TFI’s acquisition of MCT. 

The newly expanded CFI has a fleet of over 3,700 power units, which...

https://www.freightwaves.com/news/tfi-folding-us-truckload-dedicated-operations-into-cfi

Canada Cartage acquires cross-border carrier Rapid Delivery

A truck from Canada Cartage exits a loading dock.

Canada Cartage has acquired Rapid Delivery, a Canadian trucking company specializing in dedicated domestic and cross-border dedicated freight services.

The deal, announced Thursday, adds around 20 power units and two Ontario terminals — in London and Windsor. It marks the fourth acquisition in 2021 for Canada Cartage, one of the largest trucking and logistics companies in Canada. 

Ontario-based Rapid Delivery primarily serves industrial customers in Ontario, Michigan and Ohio. It amounts to a...

https://www.freightwaves.com/news/canada-cartage-acquires-cross-border-carrier-rapid-delivery

TRADE X acquires automotive export specialist Techlantic

A truck transporting cars to viewed from the front right to illustrate an article about an acquisition by the company Trade X.

Automotive trade platform TRADE X has acquired Techlantic, a Canadian company specializing in vehicle exports.

Ontario-based TRADE X announced the acquisition on Tuesday. The company did not disclose the price. 

The deal will enhance and grow TRADE X’s existing capabilities, including logistics and financing. Techlantic did $105 million in sales in 2020 and has been consistently profitable, according to Trade X.

“TRADE X will expand Techlantic’s capital resources and global reach,” said Luciano...

https://www.freightwaves.com/news/trade-x-acquires-automotive-export-specialist-techlantic

Titanium adds US brokerage office in Denver

Trucks on the highway seen from behind in the Denver area with snow and trees in the background.

Titanium Transportation Group has opened its fourth U.S. freight brokerage office, in Denver, the Canadian trucking and logistics firm said on Thursday as it pushed ahead with an increasingly key source of growth. 

“Colorado is an attractive market opportunity,” CEO Ted Daniel said in a statement, pointing to the presence of almost 6,000 manufacturers and rapid population growth.

The Denver office joins Titanium’s (TSX-V:TTR) existing brokerages in Charlotte, North Carolina; Nashville, Tennessee;...

https://www.freightwaves.com/news/titanium-adds-us-brokerage-office-in-denver

Canada Peterbilt dealer Cervus to go private in $240M sale to Brandt Tractor

A truck between the logos of Peterbilt and Cervus Equipment.

Heavy equipment seller Cervus Equipment, which owns a large Peterbilt dealer network in Canada, has agreed to be acquired by Brandt Tractor for CA$302 million ($240 million) in a deal that will take the company private. 

The deal, announced Monday, has Alberta-based Brandt Tractor paying CA$19.50 per share for Cervus (TSX:CRV), a 22% premium over Friday’s closing price. The transaction would close in the fourth quarter if shareholders approve the sale at a special meeting in September.

“As a...

https://www.freightwaves.com/news/canada-peterbilt-dealer-cervus-to-go-private-in-240m-sale-to-brandt-tractor

Mullen Group acquires US 3PL QuadExpress for $40M

A tractor-trailer of Mullen Group trucking company Payne viewed from the side of a road.

Mullen Group has acquired Chicago-area 3PL QuadExpress for $40 million in a deal that gives one of Canada’s largest trucking and logistics companies its first U.S.-based operation.  

Mullen (TSX:MTL) bought QuadExpress from Wisconsin-based commercial printing company Quad (NYSE:QUAD). The 3PL primarily operates as a freight brokerage and generated $135 million in revenue in 2020, Mullen said on Wednesday. 

Alberta-based Mullen Group, which operates trucking, logistics and oil services businesses...

https://www.freightwaves.com/news/mullen-group-acquires-us-3pl-quadexpress-for-40m

What Do Canadian Firms Do To Balance Supply Chain Crisis?

  • Fifteen months into the COVID-19 crisis, supply-chain shock has emerged as a top-of mind worry for Canadian corporate leaders.
  • New Canadian foreign investment promotion and protection model expands responsible business conduct provisions.
  • It’s a highly complex but efficient system that generally works with astonishing fluidity for companies big and small importing into North America – proof that modern logistics can overcome vast distances to get almost anything to market.

According to an...

https://mfame.guru/what-do-canadian-firms-do-to-balance-supply-chain-crisis/

Bitter sale of trucking companies pits brother against brother

A tractor-trailer from ASR Transportation travels on a highway. The trucking company is part of legal dispute involving two brothers.

A fight between two brothers over their jointly owned trucking business is nearing a bitter end after three years of litigation and arbitration. So bitter that one brother is funding an investigation.

Paul and Rana Randhawa have been embroiled in a legal dispute since 2018 over the Ontario, Canada-based Randhawa Group of Companies. The crown jewel of the 12-company operation appears to be a cross-border trucking business, ASR Transportation, based in the Toronto suburb of Oakville with a fleet...

https://www.freightwaves.com/news/bitter-sale-of-trucking-company-pits-brother-against-brother

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