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XPO Logistics Sells North American Truckload Operation to TransForce

fleetnewsdaily | October 28, 2016

XPO Logistics, Inc. (NYSE: XPO) (“XPO”) has announced that it has completed the sale of its truckload business to TransForce Inc. (TSX: TFI) for approximately $558 million in cash, subject to customary adjustments. XPO will use the proceeds from the transaction to pay down debt The divested truckload operation encompasses approximately 3,000 tractors, 7,500 trailers […]

TransForce Bids to Acquire Contrans for $495 million

fleetnewsdaily | July 26, 2014

TransForce (TSX:TFI), which operates across Canada and in the United States through a network of operating subsidiaries, including the Canpar parcel delivery service, trucking companies and specialized services including waste management, has bid to acquire Ontario trucking company, Contrans for $495 million in cash. Reports show that the board of Contrans, a trucking company based […]