TransForce to buy DHL Express Canada’s domestic business
MONTREAL — TransForce Inc. has announced it intends to buy the assets of DHL Express Canada’s domestic business, to boost its presence in package and courier services.
Reuters Canada is reporting that the deal is expected to add more than C$275 million to TransForce’s annual revenue.
According to a statement from the company, Loomis Express, a unit of TransForce, and DHL Express Canada will provide Canadian businesses with an integrated international and domestic suite of logistics and shipping services.
Montreal, Quebec-based TransForce and DHL have also entered into a 10-year strategic alliance, which will open up international markets to TransForce’s existing customers.
Deutsche Post’s DHL focuses on international express, air and ocean freight, contract logistics and international mail services.
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