Fastfrate Group

Fastfrate Group renews CPKC deal connecting US, Canada and Mexico

Fastfrate Group and CPKC railway announced Tuesday the renewal and expansion of their agreement that provides intermodal and drayage services across Canada, the U.S. and Mexico.

The five-year agreement aims to improve and speed up North America’s supply chain, while tapping into growing cross-border trade among the three countries, especially the automotive industry, Fastfrate officials said.

“The faster we can fix supply chains, the more activity that’s going to come,” Fastfrate Group Executive...

https://www.freightwaves.com/news/fastfrate-group-renews-cpkc-deal-connecting-us-canada-and-mexico

Fastfrate acquires Challenger, becoming one of Canada’s biggest cross-border trucking operators

A Challenger truck

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

Canada’s Fastfrate buys cross-border logistics provider ASL

Fastfrate Group announced its acquisition of ASL Distribution Services.

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

Fastfrate wades into US cross-border trucking after Bestway acquisition

A tractor-trailer of Canadian carrier Fastfrate - which plans to grow its new cross-border trucking business after a recent acquisition.

Canadian transportation and logistics firm Fastfrate Group has acquired small cross-border carrier Bestway in the first step in an ambitious plan to expand its reach in the United States.

Fastfrate, based in a suburb of Toronto, quietly purchased Bestway on August 1. In terms of trucks, the deal is small, adding around 50 power units to Fastfrate’s 1,500 units across Canada. 

But for Fastfrate, a company that primarily provides long-haul intermodal trucking services within Canada, Bestway...

https://s29755.pcdn.co/news/fastfrate-wades-into-us-cross-border-trucking-after-bestway-acquisition