MONTREAL- TransForce has offered to buy Contrans for about $495 million in cash.
OTTAWA, ON – Canada Border Services Agency is changing its commercial border processes to make customs clearance more efficient, but the changes will also require carriers to upgrade the ways they communicate with CBSA.
FORT ERIE, ON – Canadian and U.S. officials today announced the start of a one year truck pre-inspection pilot project at the Peace Bridge crossing from Fort Erie, ON to Buffalo, NY.
BUFFALO, NY – The owner of an Ontario-based trucking company has pleaded guilty to smuggling thousands of pounds of cocaine across the border into western New York in his trucks.
MONTREAL- Canadian trucking giant TransForce has struck a deal to buy Contrans for $495 million in cash plus $85 million of debt, for a total of $580 million, or to use the words of TransForce CEO, Alain Bédard, “the most expensive and largest deal in my life.”
NEW YORK, NY – U.S. officials are stepping up enforcement on Canadian carriers regarding payment of the federal heavy duty vehicle use tax (HVUT), which may result in some trucks being turned around at the border.
TORONTO, ON – There were more goods transported by truck in January 2014 than in any other January recorded by the TransCore Link Logistics’ Canadian Freight Index.
TORONTO, ON – This past December, truckers were busier than usual, hauling 29 percent more than they were the same time last year, according to a report.
READING, PA-Penske Logistics has teamed up with CargoNet, a cargo theft prevention and recovery service, to improve its freight security methods for customers on the receiving end of its supply chain.
FORT ERIE, ON – Peace Bridge authority confirmed that the bridge at Fort Erie – Buffalo re-opened to truck traffic on Wednesday at 5:30 a.m.
TORONTO- The Canadian Trucking Alliance (CTA) recommends that all provinces follow Ontario and Quebec’s lead in requiring a truck speed limit of no more than 105 kilometres an hour.