• Image: Fastrate Group


Artikel Nummer: 35311

Fastrate Group widens its scope

Canadian Fastrate Group acquires ASL Distribution Services Limited (ASL), a 3PL provider that has been active in Eastern Canada for more than 60 years.


The Fastrate Group, which was founded more than 50 years ago, started out as an LTL road haulier and intermodal carrier and now comprises four companies operating out of 15 terminals across Canada. Financial details of the agreement were not disclosed. The purchase is however projected to increase Fastfrate Group's revenue by an additional CAD 120 million in 2021.


The integration affects 13 terminals and final mile hubs throughout Ontario and into Quebec, Manitoba and New York. This step also marks the group's entry into the ecommerce marketplace. ASL’s home and office final mile delivery division currently completes over 2 million deliveries per month. (sh)




Related news