• ITVI.USA
    15,386.950
    72.360
    0.5%
  • OTRI.USA
    24.100
    0.020
    0.1%
  • OTVI.USA
    15,368.660
    54.910
    0.4%
  • TLT.USA
    2.690
    -0.020
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.350
    0.280
    9.1%
  • TSTOPVRPM.CHIATL
    3.090
    0.230
    8%
  • TSTOPVRPM.DALLAX
    1.730
    0.070
    4.2%
  • TSTOPVRPM.LAXDAL
    3.100
    0.150
    5.1%
  • TSTOPVRPM.PHLCHI
    2.160
    0.120
    5.9%
  • TSTOPVRPM.LAXSEA
    3.570
    0.220
    6.6%
  • WAIT.USA
    125.000
    -2.000
    -1.6%
  • ITVI.USA
    15,386.950
    72.360
    0.5%
  • OTRI.USA
    24.100
    0.020
    0.1%
  • OTVI.USA
    15,368.660
    54.910
    0.4%
  • TLT.USA
    2.690
    -0.020
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.350
    0.280
    9.1%
  • TSTOPVRPM.CHIATL
    3.090
    0.230
    8%
  • TSTOPVRPM.DALLAX
    1.730
    0.070
    4.2%
  • TSTOPVRPM.LAXDAL
    3.100
    0.150
    5.1%
  • TSTOPVRPM.PHLCHI
    2.160
    0.120
    5.9%
  • TSTOPVRPM.LAXSEA
    3.570
    0.220
    6.6%
  • WAIT.USA
    125.000
    -2.000
    -1.6%
CanadaNews

The FBI Group acquires Lucas Freight Management

Freight Brokers International, known as the The FBI Group, has acquired Lucas Freight Management, a fellow Canadian firm that offers cross-border transportation management.

The FBI Group, an Ontario-based freight brokerage, announced the deal on June 4. Lucas Freight is a non-asset freight management firm that focuses on the manufacturing sector and emphasizes cost-saving fright solutions.

“This agreement strengthens FBI’s ability to provide customers with the experience, creativity and personal approach they expect from the people managing their freight,” Manny Speranza, FBI Group senior partner, said in a statement. “Lucas Freight Management built its business from the grassroots and we’re excited for their customers to benefit from greater economies of scale and specialized services while maintaining the relationships they’ve developed over the years.”

Goderich, Ontario-based Lucas Freight will relocate to The FBI Group’s headquarters near Toronto.

“FBI understands our business and shares our commitment to client service. Our knowledge, in combination with FBI’s extensive capabilities, will allow us to move freight more efficiently and cost-effectively regardless of mode, destination or size of shipment,” Ted Lucas, founder and president of Lucas, said in a statement. Lucas Freight marks FBI’s fourth acquisition of a non-asset-based logistics firm. Most recently, FBI acquired Consolidated Carriers, an Ontario-based freight broker in 2017.

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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