One of the world's largest LTL carriers, the financially-troubled YRC Worldwide, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News. Bloomberg News reports the deal, led by Credit Suisse Group AG, includes a ...
Tags: Trucking News, Trucking, Truck Giant
Joe Boris Local Teamsters leaders cleared the way for members in UPS Inc.'s Freight unit to vote on a new tentative contract that comes seven months after the company's original proposal was rejected by the union by a wide margin. The ...
Tags: UPS Inc, Local Teamsters, Freight unit, tentative contract
Vitran 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
Russ 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
TransForce 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
This 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
A true Tier-1 WCS must be equipped to handle 2D barcode and RFID data for individual unique SKU track and trace requirements.Multi-channel order fulfillment, referred to in the logistics industry as omni-channel fulfillment, is increasingly ...
Manitoulin Transport has reached an agreement to acquire Canadian LTL firm Vitran Corp. The deal includes all the outstanding shares of Vitran at a price of US$6 per share. The deal, including the assumption of Vitran's outstanding net ...
Tags: Manitoulin.Vitran Corp, acquire
Manitoulin Group's announcement tonight that it will be purchasing all shares in major LTL player Vitran may be its biggest move of the year, but it's certainly not the first. Manitoulin, which has over 3,000 pieces of equipment and more ...
In 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 ...
Manitoulin Transport today announced it has acquired Smooth Freight out of Brandon, Man. Smooth Freight provides LTL and truckload services and storage trailer rentals to more than 300 communities in southern and western Manitoba, from ...
Tags: Manitoulin Transport, buy, Smooth Freight
Manitoulin Transport has purchased Smooth Freight Ltd., of Brandon, Manitoba. Smooth Freight provides scheduled LTL and truckload services and storage trailer rentals to over 300 rural communities in southern and western Manitoba, from its ...
Tags: manitoulin, smooth, freight
The potential for synchronous global growth could ignite demand for transportation, leading to higher carrier pricing, a recovery of profitability, and the potential for industry consolidation, according to David Newman, a transportation ...
Tags: Transportation, auto
Clarke 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
It has been a big news week for Canada's biggest trucking company. Last week Montreal-based TransForce announced that profits for Q3 were down from 2012; that it was buying Clarke Transport Inc., and Clarke Road Transport Inc., two ...
Tags: Transportation, Auto, truck