CONSOLIDATED FASTFRATE INC.

CONSOLIDATED FASTFRATE INC.

March 10, 2005 10:11 ET

FASTFRATE COMPLETES ACQUISITION OF KOCH TRANSPORT INC.

CONSOLIDATED FASTFRATE COMPLETES ACQUISITION OF KOCH TRANSPORT INC. AND KOCH TRANSPORT INTERNATIONAL LTD. Attention: Transportation Editor WOODBRIDGE, ON--(CCNMatthews - March 10, 2005) - Koch, who prior to the acquisition, acted as Fastfrate's agent in the Southwestern Ontario corridor, is well positioned to allow Fastfrate to offer a more complete and comprehensive service throughout Ontario, Quebec and north-eastern United states for both TL and LTL service. "As a result of this acquisition, we are now in the cross border trucking business and we hope to expand that across North America over the next few years. This acquisition will allow both companies to better compete on truckload freight in terms of both service and pricing," says company President and CEO, Mr. Ron Tepper.

Koch is an 84-year-old company with their head office in Cambridge, Ontario. Koch is well positioned to take advantage of cross border growth; they are F.A.S.T. (Free and Secure Trade,) C-TPAT (Customs-Trade Partnership Against Terrorism) and P.I.P. (Partnership in Protection) certified. The business will be well positioned for investment in new technology that would improve existing service that Fastfrate currently offers their customers in Southwestern Ontario, from a tracking, tracing and POD perspective.

Consolidated Fastfrate Inc.'s earlier acquisition, Network Logistics Inc., took place in January 2002. Network Logistics Inc. is a third party provider that specializes in cross border TL and LTL freight from Canada, the United States and Mexico. It is an international full service provider with a comprehensive and competitive logistics solutions package, and enhanced offerings in expedited and specialized equipment movement. All this gives Fastfrate's customers greater shipping options, while generating cost savings and reducing paperwork.

Toronto-based Consolidated Fastfrate Inc. is one of Canada's largest privately owned freight forwarder and a recipient of the 50 Best Managed Companies Award for the fourth consecutive year. The company annually transports in excess of 1.2 billion pounds of freight and employs more than 1500 people in 16 offices across North America.

For more information, please contact Ron Tepper, President and CEO or Leonard Wyss, Vice President, Finance & CFO at (905) 893-2600
/For further information: www.fastfrate.com; www.kochtransport.com/ IN: TRANSPORT

Contact Information

  • LEONARD WYSS OR RONALD TEPPER
    Primary Phone: 905-893-2600 ext. 291
    Toll-Free: 800-268-1564