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Transforce
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TransForce Has Offered to Buy Contrans for About $495 Million in Cash
Aug 22, 2014MONTREAL— TransForce has offered to buy Contrans for about $495 million in cash. TransForce bid $14.60 in cash per share for Woodstock-based trucking company, Contrans. "I have admired the progress of Contrans for some ...
Tags: TransForce, Contrans, Auto Parts
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TransForce Inc.Said Its Income Dropped in The Fourth Quarter
Mar 4, 2014Canadian transportation firm TransForce Inc.said its income dropped in the fourth quarter,which it said was mostly due to bad weather. Net income was C$12.3 million,or 13 cents a share in the quarter,down from C$36.1 million,or 37 cents a ...
Tags: TransForce, Transportation, transport
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TransForce Inc. Said Its Income Dropped in The Fourth Quarter
Feb 28, 2014Canadian transportation firm TransForce Inc. said its income dropped in the fourth quarter, which was mostly attributed due to bad weather, and Contrans Group reported its earnings increased in 2014. Net income was C$12.3 million, or 13 ...
Tags: Transportation
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Clarke Closed The Sale of Its Truckload and Less-Than-Truckload Businesses
Jan 7, 2014Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million. The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 ...
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TransForce Is Buying The Canadian Assets of Vitran Corp
Jan 3, 2014After winning a bidding war with Manitoulin Transport, TransForce is buying the Canadian assets of Vitran Corp, TransForce announced Monday. Alain Bédard, chairman, president and CEO of TransForce said: "We are delighted to have ...
Tags: transportation
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Vitran Corp. Has Terminated Its Agreement with Manitoulin Transport
Jan 2, 2014Vitran Corp. has terminated its agreement with Manitoulin Transport and will instead be acquired by TransForce. TransForce offered $6.50 per share on Dec. 20, which Vitran said constituted a “superior offer” to the deal it ...
Tags: Vitran, Manitoulin Transport, TransForce, acquisition
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Vitran Corp Has Agreed to Be Acquired by TransForce Inc.
Jan 2, 2014Russ MacNeil Less-than-truckload carrier Vitran Corp. said it has agreed to be acquired by TransForce Inc., which outbid Manitoulin Transport Inc. for Vitran's Canadian assets. Vitran's which sold its U.S. LTL business in October, had ...
Tags: Vitran, TransForce, acquisition
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Manitoulin Transport Stood to Acquire The Canadian Operations of Vitran Corp.
Dec 27, 2013Manitoulin Transport stood to acquire the Canadian operations of Vitran Corp. until earlier this week. What changed? TransForce offered to pay $6.50 per share, beating out Manitoulin's offer of US $6.00, effectively starting a bidding ...
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TransForce Said Its Acquisition of Two Units of Clarke Inc. Will Be Completed by Jan. 1.
Dec 23, 2013TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1. All conditions for the acquisition to be finalized have been met, Montreal-based TransForce said Dec. 20. Terms were not disclosed for the deal, ...
Tags: TransForce, transportation
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TransForce Met All The Conditions Required to Close Its Deal to Acquire Clarke Transport
Dec 23, 2013TransForce announced today it has met all the conditions required to close its deal to acquire Clarke Transport and Clarke Road Transport. The deal should conclude Jan. 1, 2014, the company announced. Clarke Transport is an LTL intermodal ...
Tags: transportation, TransForce
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TransForce Announced an Agreement with Waste Management of Canada Corporation
Dec 23, 2013This week, TransForce announced two new deals, back-to-back: an agreement with Waste Management of Canada Corporation and the approved acquisition of Clarke Transport Inc. The agreement with Waste Management allows TransForce to use about ...
Tags: Transportation, Auto Parts, Transforce
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Manitoulin Transport Bought The Canadian Assets of Vitran Corporation
Dec 17, 2013Last week, Manitoulin Transport bought the Canadian assets of Vitran Corporation and that's just what the Canadian trucking market needs, according to a CIBC World Markets report. "There remain too many players, which has resulted in poor ...
Tags: Canadian Trucking Market
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Manitoulin Transport Is Buying Vitran Corporation,Making It The Second-Largest Carrier
Dec 11, 2013Manitoulin Transport is buying Vitran Corporation, making Manitoulin the second-largest carrier in Canada. TransForce remains biggest. On Today's Trucking's 2013 Top 100 listings, Vitran was number three, Manitoulin number 12. Combined, ...
Tags: Manitoulin, buying Vitran Corporation, second-largest carrier in Canada
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TransForce Will Now Have to Decide Whether to Sell Its Shares for a Tidy $4 Million Profit
Dec 11, 2013In the wake of Manitoulin's announced agreement to acquire Vitran at a cost of US$6 per share, TransForce will now have to decide whether to sell its shares for a tidy $4 million profit, stay put, or up its offer. Manitoulin's offer of $6 ...
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Clarke Agree to Sell Its Freight Transportation Business to TransForce for $88 Million
Nov 4, 2013Clarke Inc. has agreed to sell its freight transportation business to TransForce for $88 million. Included are its truckload, LTL and freight logistics business. The deal is expected to wrap up before the end of 2013, Clarke announced ...
Tags: Transportation, bike