Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/20/2013 10:00:00 AM Write a Letter to the Editor Write a letter to the Editor

TransForce Says Acquisition of Clarke Units Will Close Jan. 1

TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1.

All conditions for the acquisition to be finalized have been met, Montreal-based TransForce said Dec. 20. Terms were not disclosed for the deal, which was announced in October.

TransForce will buy Clarke Transport, a less-than-truckload intermodal transportation services that operates a 15-terminal network across Canada, and Clarke Road Transport, which offers truckload services.

TransForce said the acquisition is expected to generate annual revenue of C$190 million. The Clarke entities combined employ more than 600 employees and independent contractors.

Clarke will retain its commercial tank and home-heating units.

TransForce is ranked No. 8 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers, and Clarke’s truckload operation is listed as the 42nd largest in that category.

Both Canadian companies are publicly traded on the Toronto Stock Exchange.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement