CRSA Logistics operates as a leading provider of trans-Pacific end-to-end transportation management and supply chain services for Canadian retailers and TCTL operates a Canadian network of off-dock import/export container terminal facilities. This strategic acquisition would add complementary solutions to Ryders capabilities including consolidation services in key Asian hubs, as well as deconsolidation operations in Vancouver, Toronto, and Montreal. Additionally, the acquisition would increase Ryders presence in the Canadian retail sector.

"The addition of these well established export consolidation services and off-dock container expertise will complement Ryders existing transportation and logistics service offerings and contribute to our ability to grow and expand in the future," said Ryder Chairman and CEO, Greg Swienton. "This acquisition is one more component in our foundation of providing customers with a single source logistics offering to meet their current and future needs."

Once the acquisition is finalized, 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 Ryders management.