Fastfrate Group Acquires Majority Stake in Challenger Group

Fastfrate Group Acquires ASL Distribution Services Limited

February 16, 2021

Logistics & Distribution

Fastfrate Group has acquired ASL Distribution Services Limited, a Canadian transportation, warehousing, distribution and final-mile service provider. The purchase adds 13 terminals and final-mile hubs across Ontario, Quebec, Manitoba and into New York, and is projected to increase Fastfrate Group revenue by about $120 million in 2021 while immediately providing Fastfrate entry into the e-commerce final-mile market.

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.

Fastfrate Group Acquires Bestway Cartage and Bestway Global

August 1, 2020

Logistics & Distribution

Fastfrate Group acquired cross-border carrier Bestway Cartage Limited and Bestway Global Limited, effective August 1, 2020. The purchase expands Fastfrate's cross-border capabilities and U.S. market footprint by integrating Bestway's Ontario–U.S. operations into Fastfrate's Woodbridge facility to provide end-to-end, closed-loop cross-border service.

Echo Global Logistics Acquires Fastmore Logistics

November 3, 2022

Logistics & Distribution

Echo Global Logistics, a Chicago-based provider of technology-enabled transportation and supply chain services, acquired Fastmore Logistics, a Chicagoland non-asset-based transportation broker focused on serving international freight forwarders. The acquisition expands Echo's access to expedited brokerage capacity and provides entry into the international freight forwarding market while preserving Fastmore’s existing operations and team.

Fracht AG Acquires Quality Freight Group (Ireland)

December 20, 2024

Logistics & Distribution

Switzerland-headquartered Fracht AG has agreed to acquire the entire shareholding of Dublin-headquartered Quality Freight Group, including Quality Freight Ltd and its subsidiary units (Renewable Logistics, Quality Freight Belfast, Quality Port Logistics, Quality Freight Netherlands and Quality Freight Inland Container Depots). The deal brings Fracht expanded project-cargo, bulk-tank/container logistics and Irish/Benelux warehousing and depot capabilities and integrates Quality Freight’s local teams and facilities into Fracht’s global network.

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.