TFI International buys Axsun Group, bolsters intermodal offerings

TFI International has acquired Montreal-based Axsun Group, which serves the intermodal and logistics needs of Fortune 100 customers. The company operates “multiple” locations across Canada and the U.S., providing intermodal…

Cummins’ integration plan for Meritor coming into focus

Cummins completed its acquisition of Meritor last August, and is now offering some visibility into how the two powerhouse brands will be integrated. A press briefing was held at MEMA’s…

MEMA realigns, creating aftermarket and OE groups

The Motor and Equipment Manufacturers Association (MEMA) is realigning its structure in a move meant to offer members greater access to available resources. The change creates MEMA Aftermarket Suppliers and…

Rising interest rates, skyrocketing inflation will affect trucking M&A landscape

Merger and acquisition activity may slow this year as freight conditions normalize and the cost of borrowing increases, but dealmakers are still gonna deal. Organic growth — one truck, driver…

The Top 10 trucking stories of 2022

It was an eventful year, to say the least. Right out of the gate the Canadian trucking industry found itself in the international spotlight as trucks noisily rumbled their way…

Lazer acquires yard management business

Lazer Logistics has acquired the yard management assets of Preferred Cartage Trucking Services in Greeley, Col. Lazer provides outsourced yard management services across North America, and includes Toronto-based operations. (Photo:…

Express Mondor acquires WJ Deans

Express Mondor has become one of Canada’s largest flatbed trucking operations by acquiring WJ Deans Transportation – a fleet that specializes in transporting metals. National Bank Private Investment and Desjardins,…

Stage your truck fleet for sale – even if it isn’t

Whether or not you’re interested in selling your business, business owners should always keep it “staged” and ready for a sale for when the right opportunity comes along. “You wouldn’t…

TFI International acquires Groupe Boutin

Groupe Boutin, one of the oldest and largest trucking companies in Quebec, has sold its trucking operations to TFI International. The fleet has 170 tractors, 394 trailers, and 333 employees.

TFI’s Bedard unfazed by slowdown: ‘We like a storm’

TFI International grew revenue and profit in the third quarter, in the face of “broader macro uncertainty.” Profit increased 86% year over year to $245.2 million (all figures U.S.) in…

Bison Transport scales up U.S. operations by acquiring Pottle’s

Bison Transport has continued its U.S. growth with the acquisition of Maine-based Pottle’s Transport. Pottle’s is a truckload fleet operating more than 200 tractors, 750 trailers and a third-party logistics…

Gincor Werx acquires Drivetec Manufacturing

Gincor Werx will acquire Drivetec Manufacturing effective Oct. 1, incorporating its expertise in hydraulics, drivelines, suspension systems, and vehicle alterations. “Drivetec has a solid reputation for providing parts and service…

TFI International strikes deal to sell CFI truckload and related U.S. business segments

TFI International has announced it will sell its U.S.-based CFI truckload and temperature-controlled fleets, as well as its Mexican logistics business, to Heartland Express for US$525 million. The sale includes…

Lineage Logistics closes VersaCold acquisition

Lineage Logistics has closed the acquisition of VersaCold Logistics Services, which was first announced on April 13. VersaCold operates 24 temperature-controlled facilities spanning 114 million cubic feet of capacity across…

Canada Cartage gets new private equity owners

Canada Cartage will soon have new ownership, with United Arab Emirates-based private equity firm Mubadala Capital reaching an agreement to purchase the business. Canada Cartage has 33 facilities across Canada,…