TransX: Canadian National Railway Makes Rare Move Into Trucking With Deal For Trans X

Canada's largest railroad boosts intermodal and refrigerated service offering with acquisition of major trucking company.Canadian National Railway (Nyse: CNI) is doubling down on its intermodal and refrigerated business with the acquisition of Winnipeg-based carrier Trans X Ltd. One of Canada's largest and oldest carriers, Trans X's business lines span truckload, LTL, intermodal, warehousing and freight forwarding. Terms of the acquisition were not disclosed.Trans X will remain based in Winnipeg. The acquisition is subject to regulatory review from the country's Competition Bureau and the Ministry of Transportation.Trans X has 1,500 trucks and 4,000 trailers. It also has a fleet of more than 1,000 intermodal containers and dedicated chassis pools, along with 12 terminals spanning western and eastern Canada, along with sites in Chicago and Eagan, Minnesota.a"This brings us the ability to ...Full story available on Benzinga.com