Last week, Manitoulin Transport bought the Canadian assets of Vitran Corporation and that’s just what the Canadian trucking market needs, according to a CIBC World Markets report.
TransForce offered to pay $6.50 per share, beating out Manitoulin’s offer of US $6.00, effectively starting a bidding war.
Manitoulin Transport purchased-pending regulatory approval-the Canadian division of Vitran, estimated to be about 10 percent of the Vitran total-so Mullen Transport definitely remains the second largest fleet in Canada.
TORONTO – Vitran has announced two new partnerships that it says will improve and expand its services to west coast states.
TORONTO – The new interim President of Vitran has a surname long associated with Canadian transportation, but it has more to do with air than with airbrakes.
TORONTO – Vitran Corp. reported a Q2 net loss of $4.2 million, but stock price remains stable.
TORONTO — Vitran Corporation released first quarter financial results for 2008, which noted an improvement from 2007 numbers.
TORONTO — Vitran is set to begin streamlining its U.S. LTL operations for future growth and it all started with some new software.
TORONTO — Vitran Corp., the parent of Canada’s second-largest for-hire carrier, has spent years making its presence known in its home province. And now the LTL giant hopes to make a big splash in another Ontario — this one a little more to the south.
TORONTO – The top three carriers on Today’s Trucking’s Top 100 For-Hire Canadian fleets – TransForce, Mullen Group, and Vitran – have finished reporting their second-quarter 2013 results, and it’s decreases for everyone.