'Outlook not very promising', says UPS CEO, eyeing more cutbacks
Late 2023 for UPS was dominated by plans to trim costs by laying off 12,000 ...
PRESS RELEASE
Transaction to Enhance Container Transport and Storage Capabilities
Adds Density, Geographic Reach and New Customers
Montreal, Quebec, June 12, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has signed a definitive agreement to acquire privately held Gusgo Transport, a container transport and storage company operating out of Vaughan, Ontario.
The business to be acquired includes Gusgo Transport, Seatainer Transport and Seatainer Terminals. Founded in 1969, Gusgo is a customs-bonded carrier, providing its customers with reliable and cost-effective local and cross-border container transportation.
With its 4 company trucks and 48 owner operators, Gusgo delivers both dry and temperature controlled commodities in approximately a five hundred mile radius around the Greater Toronto Area including delivery points throughout Ontario, Quebec, New York, Pennsylvania, Ohio and Michigan.
Gusgo operates over 250 container chassis, and has capacity for storing 6,000 containers at its Vaughan location. Upon completion of the transaction expected before the end of June, Gusgo will become part of TFI International’s Truckload segment.
Here is the link to the full press release.
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
Comment on this article