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
There continues to be lots of interest surrounding Vitran, since it shed its US operations earlier this month. Last week, TransForce made a bid to acquire all its outstanding shares at US$4.50. Today, Clarke Inc. announced it was buying ...
TransForce has submitted a proposal to Vitran's board of directors to acquire any outstanding shares of Vitran they don't already own for USD $4.50 per share in cash. TransForce said they made the proposal with the intention of "entering ...
Tags: Transportation, Auto Parts
Industry analysts seem to agree that TransForce's offer to buy Vitran's Canadian operations for US$4.50 per share would be a good deal for Canada's largest LTL carrier. Walter Spracklin, analyst with RBC Capital Markets, said the deal ...
Tags: Transportation, Auto, Car
TransForce has made a bid for Vitran, proposing a takeover at $4.50 per share. TransForce already controls 9.51% of the outstanding shares of Vitran. Vitran recently sold its US LTL division to the Moroun family in Detroit, which also ...
Tags: Transportation, Auto Parts
The top three carriers on Today's Trucking's Top 100 For-Hire Canadian fleets — TransForce, Mullen Group, and Vitran — have finished reporting their second-quarter 2013 results. Each company reported revenue drops of various ...
Tags: Transforce, Mullen