Ryder to Acquire Canadian Firms with Chinese Operations

Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.

CRSA Logistics is a trans-Pacific end-to-end transportation management and supply chain services company for Canadian retailers, and TCTL operates a Canadian network of off-dock import/export container terminal facilities

Headquartered in British Columbia, TCTL provides drayage, transloading, import deconsolidation, export consolidation, warehousing, intermodal, and other 3PL services in Canada.

Ryder, ranked No. 5 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, said it expects the deal to be finalized in late November.