Fastfrate

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

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