||Canada,United States : TransForce becomes leading player in U.S. truckload industry with acquisition
||TransForce Inc. is expanding its U.S. reach after Canadas major trucking company bought the North American truckload operations of XPO Logistics in a US$558 million cash deal.
Based in Montreal, the transportation company said the deal will make TransForce a leading player in the U.S. truckload industry.
The Missouri-based, XPO division, is the 19th-largest American carrier and a major provider of cross-border trucking services into Mexico.
TransForce chairman and CEO Alain Bedard said, "The acquisition complements our existing capabilities and gives us access to a diversified and blue-chip customer base."
BACK TO TOP