RoadLink and Consolidated Fastfrate Create a North American Delivery Network with the Acquisition of C-Truck from Hapag-Lloyd



    The two largest intermodal transportation experts collaborate to better
    serve the North American continent

    ATLANTA, July 7 /CNW/ - RoadLink, the largest private independent
intermodal logistics service provider in North America, announced today that
it has agreed to acquire CP Ships Trucking Ltd. (C-Truck) from Hapag-Lloyd
(Canada) Inc., subject to review by Investment Canada.
    Upon closing, RoadLink will launch a new alliance with Fastfrate, a
leading Canadian supplier of transportation and logistics services, to operate
selected locations and further enhance their combined capabilities for
customers across North America. "The acquisition will enhance service
capabilities as we deliver single-point-of-contact solutions to complex
transportation and warehousing challenges," commented Chris Munro, RoadLink's
President and Chief Executive Officer.
    Headquartered in Montreal, C-Truck was acquired as part of Hapag's
acquisition of CP Ships. Deciding to concentrate on its core business,
Hapag-Lloyd made a strategic business decision to divest C-Truck, which has
six locations in Canada and the United States and operates approximately 240
trucks, the majority of which are owner-operators. Through their alliance,
RoadLink and Fastfrate will offer their customers one-stop, seamlessly
integrated and cost-effective comprehensive transportation services throughout
North America, including cross border service. Supported by RoadLink's
industry-leading TrueVision technology platform, customers will be able to
track their containers from inbound ships through the entire distribution
system to the final destination.
    According to Munro, RoadLink's acquisition of C-Truck will provide a key
strategic opportunity to launch a new alliance with Fastfrate to further
extend the offerings of the RoadLink platform into Canada, while enhancing the
overall strength and geographical diversification of RoadLink's services. "The
addition of Fastfrate's Canadian-based transportation and logistics
capabilities to the expanding RoadLink system further underscores our
continuing focus on expanding our business capacity and developing leadership
across North America," said Munro. "In working with Fastfrate, we're
reinforcing our commitment to serve Canada, providing our customers with the
highest quality intermodal transportation services across the continent."
Munro further stated that, "RoadLink's vast United States service platform
will become a key strategic service offering for Fastfrate's customer base."
    Aligning the capabilities of RoadLink and Fastfrate makes sense in light
of changing North American business dynamics, according to Fastfrate President
and Chief Executive Officer Ron Tepper. "Over the last decade, Fastfrate has
created a physical structure across Canada to support the supply chain
requirements of some of Canada's largest shippers. Our network combined with
RoadLink's United States customer-focused infrastructure will create a unique
North American transportation structure for both company's customers. Our new
partnership with RoadLink and RoadLink's acquisition of C-Truck is an exciting
event in our company's history."
    As the manager of investment funds that own both RoadLink and Fastfrate,
Fenway Partners was well positioned to support the two entities in realizing
cooperative business potential.
    "Hapag-Lloyd's decision to divest C-Truck presented RoadLink with an
opportunity that could not have occurred at a more opportune time as we were
looking to increase RoadLink's Canadian/North American footprint. We saw the
acquisition, coupled with our knowledge of both portfolio companies, as a way
to generate synergies, driving mutually increased business value," said Marc
Kramer, Managing Director at Fenway Partners. John Anderson, Co-Head of the
firm's Transportation/Logistics practice, added, "Today, success is achieved
by focusing on customers and their needs. Teaming the capabilities of RoadLink
and Fastfrate with this deal will give customers of both companies significant
new options."
    According to Munro and Tepper, a joint customer development and service
delivery team is aggressively working on the integration and operating plans
for C-Truck along with several other joint business activities.

    About Fenway Partners

    Fenway Partners, LLC is a middle-market private equity firm with offices
in New York and Los Angeles and approximately $1.6 billion of investments and
capital under management. Fenway invests in profitable businesses with
significant upside potential. Fenway companies typically have leading
franchises and operate in two core industry segments: branded consumer
products and transportation/logistics. With significant knowledge and success
investing in these industries, Fenway has built a strong reputation for its
active, involved and engaged approach to supporting its portfolio companies
which include sporting goods manufacturer Easton Bell Sports, school yearbook
and class ring manufacturer American Achievement, expedited ground
transportation provider Panther Expedited Services, intermodal logistics
service provider RoadLink, and Canadian trucking and logistics provider
Fastfrate. For further information about Fenway Partners, please visit
www.fenwaypartners.com.

    About RoadLink

    RoadLink is North America's largest privately held intermodal logistics
provider. The company provides customers with a unique combination of
value-added services, including capabilities in logistics planning, asset
management, intermodal transportation, integrated transportation and
distribution solutions, and warehouse/freight handling. RoadLink's resulting
"IntermodaLogistics" solutions enable customers to utilize the company's more
than 60 Service Centers, 50 on-site customer locations, 2,200 vehicles, and
more than 5,000 Associates and Independent Contractors to capitalize on market
opportunities and solve market challenges. Headquartered in Atlanta, RoadLink
is owned by a fund managed by Fenway Partners, LLC, a private equity firm
based in New York that partners with management to create companies with
strong strategic positions and significant opportunities for growth in the
Logistics and Consumer sectors. For more information about RoadLink, visit
www.roadlink.com.

    About Fastfrate

    Consolidated Fastfrate is one of the largest privately owned providers of
transportation and logistic services in Canada, employing more than 2,000
people and transporting more than 2 billion pounds of freight annually.
Founded in 1966, CFF has grown into a diversified transportation company whose
services include: LTL and truckload from any point to any point within Canada
and the northeast and midwest United States, national drayage services,
cartage, warehousing, transloading on both the west and east coasts, special
operational direct ship program for select retailers, and third party
logistics. CFF has 17 operating terminals across Canada and has been the
recipient of numerous awards, including one of Canada's 50 best managed
companies for seven years running. A fund managed by Fenway Partners and
Westerkirk Holdings own a combined 75% of the company while CFF management
owns 25%. For more information about Fastfrate, visit www.fastfrate.com.

    About Hapag-Lloyd

    Since the acquisition of CP Ships in 2005, the long-established Hamburg
shipping line Hapag-Lloyd is one of the world's five largest container
carriers with its fleet of about 135 vessels composing a total capacity of
490,000 TEU. It has more than 8,100 employees and is present with over 320
sales offices in more than 130 countries. In 2007, Hapag-Lloyd achieved sales
of (euro)6.2 billion with a global transport volume of approximately 5.5m TEU,
9% up on the previous year. For more information about Hapag-Lloyd, visit
www.hapag-lloyd.com.





For further information:

For further information: Doug Payne, Executive VP and COO, (905)
893-2600; about Fenway Partners, please visit www.fenwaypartners.com; about
RoadLink, visit www.roadlink.com; about Fastfrate, visit www.fastfrate.com;
about Hapag-Lloyd, visit www.hapag-lloyd.com

Organization Profile

CONSOLIDATED FASTFRATE INC.

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