Jardine buys REM

by Inside Logistics Online Staff

DARTMOUTH, Nova Scotia — Jardine Transport Ltd has acquired all of the outstanding shares of REM Transport Ltd, an international long-haul trucking company based in Saint Stephen, New Brunswick.

REM was established in 1973 and currently operates a fleet of more than 50 power units and 60 trailers, servicing customers throughout most of Canada and the United States. The company has approximately 70 employees.

Founded in 1978, Jardine Transport services a broad customer base in Ontario, Quebec, Atlantic Canada, Western Canada and the United States from its offices located in Fredericton and Saint Stephen, New Brunswick, Dartmouth, Nova Scotia, and St. John’s, Newfoundland. Jardine is part of the SeaFort group of companies.

“This is a strategically important transaction for Jardine. The acquisition adds scale to our existing operations and increases network density, which will result in improved overall efficiency,” said Dean Cull, chairman of Jardine Transport.

Dion Cull, president of Jardine Transport, commented “I have a lot of respect for Graydon Murphy and Mike Bishop, and I am impressed by what they have been able to accomplish. The company has established a loyal base of customers by delivering reliable, efficient service across a network of key lanes. We look forward to working with Graydon, Mike and the entire REM Transport team.”

“We are pleased to have completed a transaction with Jardine Transport,” said Graydon Murphy, president and co-owner of REM Transport. “Mike and I will stay involved with the business on a transitional basis, to provide support to Dion and the Jardine team.”