Canada Cartage, a leading transportation and logistics provider in North America, has reached an agreement to acquire Coastal Pacific Xpress (CPX), a well-known temperature-sensitive carrier based in Surrey, British Columbia.
A Key Player in Temperature-Controlled Transport
Founded in 1986, CPX has built a strong reputation in Western Canada for its expertise in refrigerated transportation. The company specializes in full truckload (FTL) and less-than-truckload (LTL) temperature-controlled shipping. It also operates cold storage facilities and cross-dock services in Surrey, B.C., and Calgary, Alberta, along with freight brokerage services to manage overflow loads. With nearly 600 temperature-controlled trailers, CPX relies on a mix of company drivers and owner-operators to meet its clients’ needs.
Strategic Synergies with Canada Cartage
CPX’s services in Western Canada and the western United States align seamlessly with Canada Cartage’s focus on food and beverage logistics. Together, the companies will provide an expanded, coast-to-coast solution for businesses requiring refrigerated transport. By integrating CPX’s expertise in temperature-sensitive logistics with Canada Cartage’s established presence in Eastern Canada, the acquisition will create a national network for transporting perishable goods efficiently and reliably.
Deal Expected to Close in December 2024
Pending regulatory approval and standard closing conditions, the acquisition is set to finalize in December 2024. This transaction marks a significant step for both companies, enhancing their combined ability to deliver seamless logistics solutions across Canada and the U.S.
