Ryder System has reached agreement to acquire substantially all the assets of Transpacific Container Terminal Ltd (TCTL) and CRSA Logistics (CRSA), as well as CRSA's operations in Hong Kong and Shanghai, China.
The acquisition is expected to be finalised in late-November, and is subject to closing conditions.
Both TCTL and CRSA are headquartered in Port Coquitlam, British Columbia.
CRSA Logistics provides trans-Pacific end-to-end transportation management and supply chain services for Canadian retailers, and TCTL operates a Canadian network of off-dock import/export container terminal facilities.
This strategic acquisition would add complementary solutions to Ryder's capabilities including consolidation services in key Asian hubs, as well as deconsolidation operations in Vancouver, Toronto and Montreal.
Once the acquisition is finalised, Doug Stewart, president of TCTL and CRSA Logistics, along with David Seath, vice president of CRSA Logistics, will continue to lead the Canada-based and Asian operations as part of Ryder's management.
The acquisition is expected to be finalised in late-November, and is subject to closing conditions.
Both TCTL and CRSA are headquartered in Port Coquitlam, British Columbia.
CRSA Logistics provides trans-Pacific end-to-end transportation management and supply chain services for Canadian retailers, and TCTL operates a Canadian network of off-dock import/export container terminal facilities.
This strategic acquisition would add complementary solutions to Ryder's capabilities including consolidation services in key Asian hubs, as well as deconsolidation operations in Vancouver, Toronto and Montreal.
Once the acquisition is finalised, Doug Stewart, president of TCTL and CRSA Logistics, along with David Seath, vice president of CRSA Logistics, will continue to lead the Canada-based and Asian operations as part of Ryder's management.