• ITVI.USA
    15,415.310
    54.710
    0.4%
  • OTLT.USA
    2.761
    -0.007
    -0.3%
  • OTRI.USA
    21.110
    -0.300
    -1.4%
  • OTVI.USA
    15,387.520
    55.710
    0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,415.310
    54.710
    0.4%
  • OTLT.USA
    2.761
    -0.007
    -0.3%
  • OTRI.USA
    21.110
    -0.300
    -1.4%
  • OTVI.USA
    15,387.520
    55.710
    0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
CanadaInternationalNewsTrucking

C.A.T. acquires Penner International in big boost for fleet and Canadian network

C.A.T.'s purchase of Manitoba truckload carrier will rev up east-west moves in Canada and cross-border freight with Western U.S. while expanding tractor count by 50%.

C.A.T.  acquired Penner International on Monday in a bold acquisition that expands the cross-border carrier’s footprint in western Canada and increases its fleet by about 50%. 

C.A.T. aims to ramp up its east-west moves in Canada with the addition of the Manitoba-based truckload carrier. The acquisition also will improve C.A.T’s cross-border network with Penner’s business in the Western United States.

Purchasing Penner represents a major expansion of C.A.T.’s fleet, adding more than 300 tractors to the existing 600.

“We’re very excited about this,” C.A.T. Vice President Marc Blanchette told FreightWaves. 

C.A.T. found a natural fit in Penner, with a diverse truckload business that includes original equipment manufacturers, commodities and other freight.

It also builds on C.A.T. ‘s existing presence in western Canada from its 2017 purchase of Ontario-based SLH, also its last acquisition.

“This will help us leverage our network for east-west moves,”  Blanchette said.

Family-owned Penner will operate as a division within C.A.T. with the existing management in place.

Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist and producer who covers cybersecurity and cross-border trucking and logistics for FreightWaves. He spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.

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