Canada's largest trucking operator, holding company TransForce, completed its acquisition of Vitran, increasing its LTL market share in Canada and raising its North American profile.
02 Jan 2014
CRST International started 2014 by acquiring BESL Transfer, a flatbed trucking company in Cincinnati. Terms of the transaction were not disclosed.
30 Dec 2013
TransForce today agreed to acquire Vitran for approximately $136 million, including $29 million in debt.
23 Dec 2013
A bidding war is on for the Canadian trucking business of Vitran, as TransForce counters an offer from Manitoulin Transport. The contest for Vitran is part of a larger battle to consolidate trucking operations in Canada being waged by companies such as TransForce and Manitoulin.
10 Dec 2013
Canadian trucking operator Manitoulin Transport will acquire Toronto-based less-than-truckload company Vitran for $128 million, including $29 million in debt, the companies said Dec. 9.
05 Nov 2013
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.