Ryder buys Canadian, Asia-based logistics operations

by Canadian Shipper

MIAMI, Fla. — Ryder System has purchased nearly all the assets of Transpacific Container Terminal (TCTL) and CRSA Logistics (CRSA) in Canada, as well as CRSA Logistics operations in Hong Kong and Shanghai, China.

 

The companies will now operate as Ryder Transpacific Container Terminal (Ryder TCTL) and Ryder CRSA Logistics, respectively. Doug Stewart, president of TCTL and CRSA Logistics, and David Seath, vice-president of CRSA Logistics, will continue to lead the Canada-based and Asian operations as part of Ryder’s Canadian management team. The acquisition is expected to add more than CND$25 million in annualized revenue to Ryder’s supply chain solutions business unit.

 

“This acquisition will help bolster Ryder’s geographic presence in Canada and Asia, while also adding quality retail customers and complementary solutions to our established portfolio of supply chain services,” said Ryder chairman and CEO, Greg Swienton. “We are pleased to further develop our Asia-related capabilities to strengthen our role as a facilitator of transpacific commerce and production between companies and resources in the North America and Asia regions.”

 

CRSA Logistics operates as a provider of transpacific end-to-end transportation management and supply chain services for Canadian retailers. TCTL operates a Canadian network of off-dock import/export container terminal facilities. Officials say the acquisition “adds complementary solutions to Ryder’s capabilities” including consolidation services in key Asian hubs, as well as deconsolidation operations in Vancouver, Toronto and Montreal.

 

Commenting on the acquisition, Ryder’s president of supply chain solutions, John Williford, said, “The acquisition of TCTL and CRSA Logistics provides an excellent opportunity to supplement our organic growth initiatives by adding new capabilities to our service portfolio, and extending our footprint in the Canadian retail sector with a well respected management team that shares our focus and commitment to profitable growth and superior customer service. We look forward to pursuing new growth opportunities in this geographic market.”

 

“This merger of talent and resources is a positive development for all our constituents, employees, customers and service partners,” Stewart said. “We look forward to leveraging the resulting opportunities to the benefit of all concerned.”

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