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.
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.