CRST International started 2014 by acquiring BESL Transfer, a flatbed trucking company in Cincinnati. Terms of the transaction were not disclosed.
Vitran news and analysis. Get the latest news about Vitran and the trucking industry.
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.
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.
25 Jan 2013
North American trucking company TransForce has acquired about 1.8 million common shares of less-than-truckload operator Vitran Corp., representing 10.75 percent of the issued and outstanding common shares of Vitran.
31 Dec 2012
25 Oct 2012
Transportation and supply chain firm Vitran today reported a net loss of $10.10 million in the third quarter.
11 Oct 2012
A battle is brewing over the future of Vitran as a minority shareholder seeks to unseat the current board of the struggling less-than-truckload operator. Halifax, Nova Scotia-based investor George Armoyan, whose investment firm Clarke owns 6.2 percent of Vitran, wants the company to sell part of its operations.
20 Jul 2012
Canadian and U.S. trucking operator Vitran Express drove deeper into losses in the second quarter as it struggled to rebuild its U.S. less-than-truckload business.
25 Apr 2012
Vitran's losses deepened in the first quarter to $5.8 million as the Canadian-based company struggled to improve its U.S. less-than-truckload operations.
21 Feb 2012
Canadian-based less-than-truckload carrier Vitran may be headed back toward profitability after naming a new president for its ailing U.S. operations.
02 Nov 2011
Vitran’s losses deepened to $3.4 million in the third quarter, compared with a $2.3 million net loss in the second quarter and a $1.9 million net profit a year ago.
26 Jul 2011
Canadian less-than-truckload operator Vitran lost $2.3 million in the second quarter, despite a 23.1 percent increase in revenue to $208.9 million.
11 Feb 2011
Rising costs and a $39 million tax bill led to a $40.2 million loss for less-than-truckload carrier Vitran in the fourth quarter and a $42.9 million loss for the year.
24 Jan 2011
Canadian trucking operator Vitran is trying to redraw North America’s less-than-truckload map, and its own expansion strategy, by acquiring the LTL business of Milan Express.
14 Jan 2011
Canadian transportation company Vitran is expanding into the Southeastern U.S. by purchasing the $70 million less-than-truckload division of Milan Express.