Canada Cartage Enters Into Agreement To Acquire Walmart Canada’s Fleet Business, Strengthening Its Fleet Outsourcing Network And Delivering Growth Opportunities
Walmart Canada has selected Canada Cartage to buy its fleet business. Acquisition adds new employees and network optimization to Canada Cartage, supporting its growth in Canada.
Toronto, Ontario – Canada Cartage, one of North America’s largest providers of transportation and logistics services, has signed an agreement to acquire Walmart Fleet ULC. Headquartered in Mississauga, Ontario, Walmart Fleet transports local goods to support communities across Canada and services Walmart’s more than 400 stores from coast-to-coast.
Canada Cartage was chosen by Walmart Canada to acquire its fleet business so it can focus on its ambitious growth strategy of expanding its stores and supply chain across Canada. This acquisition allows Canada Cartage, the country’s largest provider of fleet outsourcing services, to strengthen its fleet outsourcing capabilities and accelerate its growth in Canada.
“Our acquisition of Walmart Fleet reflects our commitment to expanding our network and bringing dedicated fleet transportation solutions to more customers across Canada,” said Scott Lane, President, Canada Cartage. “This move positions us for long-term growth while providing the talented employees joining us from Walmart Fleet with more opportunities to develop long-term careers and thrive in a fleet-focused environment.”
Canada Cartage will operate the fleet as a dedicated operation – ensuring business continuity for Walmart Canada while building on its reputation as a trusted provider in the dedicated transportation industry. For the retailer, the divestiture reflects a strategic focus on its future growth plans in Canada, as it further expands across the country to better serve its customers.
“This decision is part of our broader growth ambitions and strategy to focus on what we do best: delivering value to our customers,” said Matt Kelly, Vice President, Supply Chain, Walmart Canada. “We are confident fleet employees will benefit greatly from Canada Cartage’s leadership. They’re very well-respected, and we know their culture is the right fit for fleet employees and our business.”
This acquisition underscores both Canada Cartage and Walmart Canada’s commitment to long-term growth in Canada, and positions both companies for sustained success in an evolving market.
Subject to the satisfaction of customary closing conditions, the transaction to acquire Walmart Fleet ULC is expected to close in the coming weeks.
About Canada Cartage
Founded in 1914, Canada Cartage group of companies is one of North America’s largest transportation and logistics providers. They provide fleet outsourcing, 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. It has been recognized for nine straight years as a “Top Fleet Employer” by Trucking HR Canada, named by Forbes as one of “Canada’s Best Employers” for the past eight years, and in 2023 recognized by Canadian HR Reporter as a “5-Star Rewards & Recognition” winner. For more information, visit www.canadacartage.com
About Walmart Canada
Walmart Canada is a people-led, tech-powered omnichannel retailer of more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada’s flagship online store, Walmart.ca is visited by more than 1.5 million customers daily. With more than 100,000 associates, Walmart Canada is one of Canada’s largest employers and is ranked one of the country’s top 10 most influential brands. Walmart Canada’s extensive philanthropy program is focused on supporting Canadian families in need, and since 1994 Walmart Canada has raised and donated more than $750 million to Canadian charities. Additional information can be found at walmartcanada.ca and on Walmart Canada’s social media pages – Facebook, X, Instagram and LinkedIn.