Vitran is putting a buffer between its profitable Canadian trucking operations and any unwelcome suitors, adopting a “shareholder rights plan” designed to slow or ward off any unsolicited bids.
15 Oct 2013
A battle may be brewing for the Canadian business of trucking operator Vitran, which this month sold its ailing U.S. less-than-truckload business.
01 Oct 2013
Matthew Moroun just may have made the trucking deal of the decade, if not the new century. For only $2 million and the assumption of about $30 million in debt, the vice chairman of CenTra and son of trucking magnate Manuel “Matty” Moroun hopes to pick up the U.S. operations of $703 million Toronto-based Vitran.
26 Sep 2013
Vitran will review an offer for its Canadian business from trucking giant TransForce. Will there be a bidding war for the company?
26 Sep 2013
TransForce, the $3.1 billion Canadian trucking operator, is bidding to acquire the Canadian operations of less-than-truckload carrier Vitran, less than a week after Toronto-based Vitran announced the sale of its U.S. business.
23 Sep 2013
Trucking company Vitran is on a route back to Canada across Detroit's Ambassador Bridge.
21 Jun 2013
Vitran Express hopes to find a route back to profitability with a little help from its friends, in this case partner comp
07 Jun 2013
Vitran Express will close terminals in four Western states as it shifts assets and resources to focus on its core regiona
26 Apr 2013
Vitran reported profit in the first quarter of 2013 of $67.7 million, compared with a net loss of $5.8 million in the first quarter of 2012.
05 Apr 2013
Vitran’s board of directors has appointed Bill Deluce, current board member, as interim president and CEO, effective immediately.
13 Mar 2013
TransForce has indirectly disposed of 500,000 common shares of Vitran Corporation, representing 3.05 percent of the issued and outstanding common shares of Vitran.
14 Feb 2013
Vitran Corporation has reached an agreement to divest its supply chain operation division to Legacy Supply Chain for $97 million, subject to certain working capital adjustments.