Fastfrate Expands Global Reach with Omnitrans Acquisition
Key Details Toronto-based Fastfrate Group has completed its acquisition of Omnitrans, Inc., a freight forwarding and customs brokerage firm. The deal adds 230 global trade lanes, enabling freight movement between Asia and North America through a single provider. Why It Matters Fastfrate now offers end-to-end transportation from international origin to final-mile delivery. The acquisition strengthens the company's position as one of Canada's largest privately held logistics providers with 46 North American locations. About the Companies Omnitrans operates as a licensed Canadian and U.S. customs broker with offices in China, including subsidiaries Metro Customs Brokers and Omnitrans China. Fastfrate provides intermodal, trucking, drayage, and parcel delivery services across its expanded network. What's Next Omnitrans will continue operating as a standalone unit under current leadership. Financial terms were not disclosed, with Scotiabank and Stifel Canada serving as financial advisers to the respective parties.
More Trucking News
Happy Returns Hits 10,000 Locations as UPS Expands Retail Return Network
CDLLifeTop 3 Women-Friendly Truck Stops Ranked by Safety Standards
Heavy Duty TruckingHumble's Cabless Electric Hauler Takes Aim at Yard and Port Operations
CDLLifeWhat One Week of Truck Downtime Really Costs Your Bottom Line
Real-Time Road Conditions Map
View live 511 incidents, weather alerts, and traffic data across all 50 states.
Open Live Map →