Canada Cartage, one of North America’s largest providers of transportation and logistics services, has signed an agreement to acquire Coastal Pacific Xpress (CPX) based out of Surrey, British Columbia.
Founded in 1986, CPX is one of Western Canada’s most well-known and reputable temperature-sensitive carriers. They provide refrigerated full truckload (FTL) and less-than-truckload (LTL) transportation solutions, as well as offering cold storage cross-docks and warehouse operations in Surrey, B.C., and Calgary, Alberta. CPX also has freight brokerage service for any overflow of loads. The company has a mix of company drivers and owner operators, and almost 600 temperature-sensitive trailer units.
Subject to the satisfaction of customary closing conditions and regulatory approvals, the transaction to acquire CPX is expected to close in December 2024.