TORONTO, Ont. — Mike Gomes, the vice-president of maintenance for Bison Transport, summarizes his fleet’s on-road repair process in six simple words: “Truck broke. Fix truck. Send money.” It’s a joke, of course, but there’s still a ring of truth to it. Each step in the process – especially as it relates to controlling costs – makes a roadside breakdown much more difficult to manage than work in your own shop.
MISSISSAUGA, Ont. — One of the biggest challenges for any fleet manager is a spec’ing decision, looking to strike the balance between initial purchase prices and performance. Maintenance leaders from Challenger Motor Freight, Bison Transport, and Titanium Transport shared their approaches with peers at the Canadian Fleet Maintenance Summit.
BOLTON, ON – Titanium Transportation Group has acquired Xpress Group, a van and flatbed carrier based near Windsor, Ontario.
The deal is worth $3.1 million in cash, $420,000 in common shares, and the assumption of about $5.2 million in debt.
“This is exactly the type of acquisition we have been waiting for,” said Ted Daniel, Chief Executive Officer of Titanium. We expect to be able to achieve significant synergies between Titanium and Xpress. In addition, Xpress’ customer base complements the cross-border, full truckload division that we have focused on growing.”
BOLTON, ON – Titanium Transportation Group continues its search for companies to acquire, focusing mainly on Ontario-based truckload fleets with cross-border van or flatbed business.
BOLTON, ON – Titanium Transportation Group has reported record results in a quarter that featured a 9% boost in revenue to $32.8 million, and EBITDA up 7% to $3.4 million. The gains were primarily in its logistics business.
BOLTON, ON – Titanium Transportation Group Inc. has opened a new 71,500 sq. feet terminal that allows the company to consolidate several locations into one.
WOODBRIDGE, ON – Ontario-based Titanium Transportation Group Inc. has posted $30 million in revenue for the second quarter, an 8% decline over the same period in 2015.
WOODBRIDGE, ON – Titanium Transportation Group Inc. has agreed to acquire certain assets from Tregaskiss Investment Group Inc. for $6.3 million.
NORTH BAY, ON – Titanium Transportation Group Inc. says it has outsourced its on-site North Bay mechanic shop to Lewis Motor Sales Inc.
WOODBRIDGE, ON – Titanium Transportation Group Inc. reported today that its corporate revenue jumped 54% in 2015 to $110.2 million
WOODBRIDGE, ON – Titanium Transportation Group Inc. announced that is has sold $2.6 million worth of outdated equipment from last year’s $1.5 million acquisition of Muskoka Transport Limited.