TORONTO, Ont. — Investors, particularly large private equity groups, continue to search for Canadian fleets that are willing to sell. Targets include fleets that can benefit from new technology, and bulk operations that can defend a market niche.
Historically the trucking industry has relied on outbound marketing to attract new business. But inbound marketing can be an effective tool for fleets.
On the one hand, things were status quo in the Canadian trucking mergers-and-acquisition space last year. Big carriers continued their sprint to scale, looking for plug-and-play tuck-ins that add customers, drivers, and coverage. When the carriers found them, they struck […]
MISSISSAUGA, ON – Manitoulin Transport has acquired Direct Right Cartage — an intermodal provider based in Brampton, Ontario – marking the fleet’s seventh acquisition in 12 months.
“This purchase enables Manitoulin to provide a higher level of service and frequency of intermodal service within Canada. We will continue to look for opportunities such as this to build our services and coverage to ensure our offerings meet our customers’ evolving needs,” said Jeff King, president of Manitoulin.
“Manitoulin’s ability to extend customers’ reach from Canada to the rest of the world through multiple supply chain service offerings gives them a significant competitive advantage,” added Gord Smith, Chief Executive Officer.