Canada Cartage enters US market with purchase

GTI

Transport and logistics provider, Canada Cartage Corporation, will acquire The GTI Group (GTI), increasing its scale in services such as freight management, freight brokerage and specialised freight hauling.

Headquartered in Montreal, Quebec, GTI provides customers in Canada and the United States with a range of supply chain service offerings, allowing Canada Cartage to enter the US market for the first time in its 110-year history. GTI has offices in Houston, Texas, Des Moines, Iowa, and Franklin, Tennessee.

With the acquisition, Canada Cartage is expected to generate over C$1 billion of annual revenue on a combined basis

“Like us, GTI has grown significantly over the past few years and has a portfolio of complementary service offerings that build upon Canada Cartage’s solution line-up, and also adds some new, complementary services to ours,” said Canada Cartage President and CEO, Jeff Lindsay. “We have been looking for an opportunity to enter the U.S. market for several years but have been waiting for the right acquisition to do so and we are confident this is the right team for us to partner with to build and expand our North American presence.”

As part of the acquisition, GTI will continue to operate under its existing brand and management structure, ensuring a smooth transition for employees, customers and business partners.

“We share many of the same values as Canada Cartage and have been on a similar path of growing our business and expanding our supply chain services,” said President & CEO of The GTI Group, Richard Lafreniere.  “We see tremendous opportunities with this transaction for our people, our customers and the future growth of our business.”

In other news, four battery-electric refrigerated truck trailers from Krone have been put to the test in the DACHSER network.

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