Air Canada (TSE:AC) will acquire Transat A.T. (TSE:TRZ), the parent company of Canada’s third-largest airline, strengthening its position as the country’s dominant carrier. The companies announced on June 27 that they had reached a final agreement for Air Canada to pay C$520 million, or C$13 per share for Transat. (A Canadian dollar equals US$0.76.) Negotiations […]
Canadian John Deere dealership network enters trucking business with C$13.5 million deal.
North American lighting provider purchases Nashville-based firm specializing in location-based asset management.
Purchase of fellow New Brunswick carrier adds a long-haul open-deck business that serves Canada and the United States
Canadian freight brokerage buys Ontario-based non-asset firm that specializes in the manufacturing sector.
Purchase expands network in British Columbia with firm specializing in long-haul moves for heavy-industry customers.
Deal gives Montreal-based specialty carrier a Gulf Coast base for future expansion into the United States.
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year. Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to […]
Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.
During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO of Echo Global Logistics (NASDAQ: ECHO); and Mark Yeager, CEO of Redwood Logistics. Themes of the conversation included the differences between public and private investors’ […]
Canadian transportation and logistics firm buys Ontario-based broker that uses propriety software platform.
Deal puts Canadian international trade services company in $13 billion portfolio of Tom Gores’ private equity firm.
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
This is the year when ALK expects Virgin America merger synergies to ramp up, but they’re still adding back costs associated with the deal.
GlobalTranz more than doubled EBITDA in less than a year.
Circle 8 is GlobalTranz’s ninth acquisition since January 2017.
The seller was Swedish private equity group EQT Partners, which may be trying to clean up its balance sheet ahead of an IPO.
Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.
CHRW fills out geographical white space and adds density to its Transatlantic forwarding business after turning the corner on the Milgram & Co. integration.
Worldwide customs and logistics software provider WiseTech Global has today announced the acquisition of Containerchain, a provider of a shipping container tracking and managing systems for AU$92 million (just over USD$65.8 million) in cash.
