Canada Cartage Enters Into Agreement to Acquire Coastal Pacific Xpress (CPX)
Toronto, Ontario – Canada Cartage, one of North America’s largest providers of transportation and logistics services, has signed an agreement to acquire Coastal Pacific Xpress (CPX) based out of Surrey, British Columbia.
Founded in 1986, CPX is one of Western Canada’s most well-known and reputable temperature-sensitive carriers. They provide refrigerated full truckload (FTL) and less-than-truckload (LTL) transportation solutions, as well as offering cold storage cross-docks and warehouse operations in Surrey, B.C., and Calgary, Alberta. CPX also has freight brokerage service for any overflow of loads. The company has a mix of company drivers and owner operators, and almost 600 temperature-sensitive trailer units.
Like Canada Cartage, CPX provides services to customers in the grocery and food sectors. CPX’s Western Canada and Western U.S.A. services in temperature-sensitive transportation are a great fit with Canada Cartage’s food and beverage transportation services in B.C., Alberta, and the coastal states of America. Combined with Canada Cartage’s Eastern Canadian expertise in dedicated grocery and food deliveries, the acquisition of CPX creates a convenient and efficient national solution for companies requiring temperature-sensitive transportation.
Subject to the satisfaction of customary closing conditions and regulatory approvals, the transaction to acquire CPX is expected to close in December 2024.
About Canada Cartage
Founded in 1914, Canada Cartage group of companies is one of North America’s largest transportation and logistics providers. Under the brand names of Canada Cartage, CCLS, Stalco, Speedee Transportation, The GTI Group, Laurentien Transport, Seaway Express, Cam-Scott Transport, Topac Express and Chester Cartage, they provide dedicated contract transportation, general freight, managed transportation services, freight management, fulfillment and distribution, and home delivery services. The company has a workforce of over 5,000 at locations across Canada and the U.S. For more information, visit www.canadacartage.com
About Coastal Pacific Xpress
With almost 40 years of experience, Coastal Pacific Xpress (CPX) is a trusted and reliable provider of temperature-sensitive transportation and logistic services primarily in Western Canada and United States for both truckload and less-than-truckload. The company has long-standing relationships with Canadian customers in the grocery and food sectors, facilitating both domestic and cross-border shipment moves on their behalf. Headquartered in Surrey, B.C., the logistics company has warehouses and cross docks in Surrey, B.C. and Calgary, Alberta, and additional truck facilities in Delta, B.C., Mission, B.C., Nanaimo, B.C., Edmonton, Alberta and Fontana, California. For more information, visit www.cpx.ca
For media inquiries, please contact:
David Zavitz, Chief Administrative Officer, Canada Cartage
E: dzavitz@canadacartage.com T: 1-289-914-0836