Fastfrate Group to Acquire Omnitrans Inc. (Including Metro Customs Brokers and Omnitrans China)

Fastfrate Group Acquires Majority Stake in Challenger Group

August 2, 2022

Trucking & Fleet

Fastfrate Group completed a majority acquisition of Challenger Group (Challenger Motor Freight) following Competition Bureau Canada approval, expanding Fastfrate's network across Canada and into the United States. Challenger will continue to operate independently under incoming CEO Jim Peeples while Fastfrate maintains existing management and staff.

Fastfrate Group Acquires United Transfer Limited

February 3, 2022

Logistics & Distribution

Fastfrate Group has acquired United Transfer Limited, a Saskatoon-based transportation and warehousing company, effective February 3, 2022. The acquisition expands Fastfrate's footprint in Saskatchewan (Saskatoon and Regina), enhances its intra-West services and final-mile offerings, and follows a prior partnership between the two companies; United Transfer was owned by Paul Glover and Paul Rigby prior to the transaction.

Forward Air to Combine With Omni Logistics (Transaction Later Jeopardized)

August 10, 2023

Transportation

Forward Air Corporation entered into a definitive agreement to combine with Omni Logistics in a cash-and-stock transaction to create a scaled expedited LTL logistics provider. Omni shareholders were to receive $150 million in cash plus Forward stock and preferred stock, with the deal expected to close in the second half of 2023.

TFI International Acquires Axsun Group

February 21, 2023

Logistics & Distribution

TFI International has acquired Axsun Group, a Montreal‑based provider of intermodal, drayage, freight brokerage and warehousing services. The acquisition strengthens TFI's logistics and intermodal capabilities across Canada and the U.S.; Axsun will continue to be led by President and CEO Steve Ramescu and join TFI’s Logistics segment.

Horizon Air Freight Acquires Transmarine Navigation Corporation

December 31, 2022

Transportation

Horizon Air Freight announced the acquisition of Transmarine Navigation Corporation, completed in Q4 2022, to expand its port agency and in-port logistics capabilities across North and South America. The deal combines Horizon’s global warehousing and last-mile delivery network with Transmarine’s port call agency presence at 12 ports, enhancing services for ship owners, operators, and charters.

TFI International Acquires CMW Express and FRL Express

August 14, 2024

Logistics & Distribution

Montreal-based TFI International has acquired two Canada-based carriers, CMW Express and its sister company FRL Express, expanding its TL and LTL footprint across Quebec, the Maritimes, Ontario and the eastern U.S. Terms were not disclosed; the deals are described as tuck-in add-ons as TFI continues a spree of smaller regional acquisitions while integrating prior larger deals.