KITCHENER, Ont. – Challenger Motor Freight is acquiring the assets of Ed Wiersma Trucking in a deal expected to close at the end of March, expanding Challenger’s Special Commodities Division.
The 16-truck, family-run fleet specialized in flatbed truckload freight moving between southern Ontario and the U.S. But while it had up-to-date equipment and freight to haul, it was no longer able to attract the drivers it needed.
STEINBACH, MB — Big Freight Systems wasn’t for sale. The Coleman family had been running the business since 1948, when they bought South East Transfer in Steinbach, Manitoba. Chief Executive Officer Gary Coleman was focused entirely on finding ways to grow.
When a courier package arrived from Don Daseke, proposing a potential sale, he simply filed it away.
But Daseke persisted. The pair met in person. And this spring Big Freight Systems became the first Canadian operation in Daseke Inc.’s expanding family of specialized, flatbed carriers.
“His philosophy on business, his philosophy on people, his philosophy in terms of driving success forward through collaboration, all ran very close to me,” Coleman recalls. “I got comfortable with his long-term plan.”
That plan is to consolidate fleets in an industry sector dominated by family-owned businesses. The Texas entrepreneur has secured more than 3,800 trucks and 8,200 trailers so far, accounting for about 1% of what Daseke estimates is a US $133 billion market. The business reported $30 million in revenue in 2009, growing to a pro forma of $869 million last year. And more acquisitions are in the works.
Daseke refers to himself as an accidental trucker. He began his career as an auditor, held roles at IBM, and later built a residential real estate business that sold for US $1.7 billion. He first invested in trucking nine years ago only after a friend introduced him to Smokey Point Distributing, which specialized in aviation cargo. That became the first of today’s 13 operating companies.
INDIANAPOLIS, IN – The Celadon Group has sold all the assets in its flatbed trucking division to PS Logistics.
The company announced the completion of the disposition of assets Sept. 18, as part of a strategic plan to concentrate resources on other business lines and boost returns.
Assets included in the transaction were primarily leased and owned trailers, which were sold in exchange for an assumption or satisfaction of the lease obligations and cash, Celadon said. It is also entitled to post-closing goodwill payments.
TORONTO, ON – The Ontario Ministry of Labor’s falls blitz is coming, and the Ontario Trucking Alliance (OTA) is urging them to pay special attention to flatbed truck safety.
The falls blitz, which covers ladder safety, slips, trips, and falls, in the mining, industrial, construction, and health care industries, will be running from Oct. 2 to Nov. 30.
BEAVERTON, OR – While U.S. truck volumes increased in many van lanes last week, rates are holding steady because of available capacity, DAT RateView reports in its latest findings. Combined with lower fuel surcharges, van and reefer rates actually dipped a penny a mile. Average flatbed rates rose a mere cent on their own.
Utility introduces the new 4000AE flatbed trailer with a standard 47,000-lb coil-haul package
TORONTO- TransCore Link Logistics says Canadian freight volumes have increased a substantial 31-percent in May 2014 when compared to the same time last year.
Next-generation Ancra SilverCap gets new weather-tight seal.
Ancra International and Traction Technologies unite to deliver the Cinch
Utility introduces new, stronger 4000A flatbed trailer
The 72-in. XT raised-roof sleeper aims at flatbed, tanker work
New trailer reduces tare weight by 400 lb with equal beam strength
Manac launches a new line, the Darkwing Series
The Maverick for flatbeds, from Quick Draw Tarpaulin Systems