DAY & ROSS EXPANDS DEDICATED SERVICES WITH ACQUISITION OF OTTAWAY MOTOR
EXPRESS AND CROSS DOCK EXPRESS
HARTLAND, NB, Nov. 25 /CNW/ - The Day & Ross Transportation Group today announced the signing of an Agreement for the acquisition of Ottaway Motor Express Limited and Cross Dock Express Inc, two privately owned dedicated trucking companies based in Woodstock, Ontario. Terms were not disclosed.
Ottaway and Cross Dock provide logistics services to the automotive aftermarket and general freight industries. Ottaway provides dedicated Truck Load services from parts manufacturers in Canada and the United States to automotive manufacturers' Parts Distribution Centres and dealer networks. Cross Dock Express is a dedicated automotive parts delivery business and cross docking service for out bound (new) and inbound (returned) automotive parts.
"We are committed to strengthening and expanding the blend of customized and cost-efficient transportation and distribution services we offer to our customers, " said John Doucet, president and CEO of The Day & Ross Transportation Group. "In acquiring Ottaway and Cross-Dock we gain additional capacity in the movement of automotive parts and general freight and we gain cross-docking capability which positions Day & Ross to provide end to end services across all modes of transportation."
"Ottaway and Cross Dock have earned an enviable reputation with their customers in the dedicated automotive parts segment," added Doucet. "It's a market that we also know well so the combination of operational knowledge and expanded services will provide significant advantages to our collective customers. We look forward to welcoming the Ottaway and Cross Dock team to our family of businesses and we thank the Ottaway family for the dedication they have shown in building such a fine company and for giving us the opportunity to help it grow in the future."
The transaction is expected to close at the end of November subject to the customary conditions of sale and purchase.
About Day & Ross:
Established more than 50 years ago, Day & Ross Transportation Group - a full service carrier operating as Fastrax, Sameday Worldwide, Day & Ross (General Freight), Day & Ross (Dedicated Contract Logistics) and Sable Warehousing - has grown to become one of the largest national transportation companies in Canada. The Company offers TL, LTL, rail container, warehousing, load brokerage, air (both domestic and international) and dedicated contract logistics. Service is provided anywhere in Canada and to and from the United States and Mexico through a strategic alliance with exclusive marketing partners.
Based in Hartland, New Brunswick, Canada, Day & Ross is a wholly owned division of privately held McCain Foods Limited and has been recognized as one of Canada's 50 best-managed companies for the past six consecutive years.
For further information:
Susan Rogers
416-955-1713
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