Bureau Explains No Action Letter For TransForce Acquisition of Vitran

Canada’s Competition Bureau disclosed on April 1 that it had declined to challenge, at this time, Montreal-based trucking firm TransForce Inc.’s $136 million acquisition of competitor Vitran Corporation Inc. because there would be sufficient remaining competition in the market after the merger.

The presence of effective remaining competition, particularly for intermodal services between Toronto and Montreal and cities in western Canada, was the most significant factor in the decision to issue a March 24, 2014 No Action Letter indicating that no challenge, at this time, would be filed with the Competition Tribunal under §92 of the Competition Act, the bureau ...