Canada cartage buys Mackie moving systems,seems everyone’s selling /getting bought out
Canada Cartage buys Mackie Moving Systems - Truck News
Another one sold this time Mackie to Canada Cartage
Discussion in 'Canadian Truckers Forum' started by classicxl, Jun 16, 2022.
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Rumor down here has C.A.T Buying GTL, in Dartmouth?
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Cabana Cartage wants Makies warehouses IMO. Cat,,those ####### will be sporting NS tags zip tied to grill soon enough
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I can't believe how much Transforce is buying.
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Magoo1968 Thanks this.
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TransForce tried to purchase APPS Transport but the competition bureau killed the deal. So there is some governance but it sounds like it’s only on big acquisitions.
Mullen stepped up afterwards and purchased APPS.
TFI pulls out of APPS Transport acquisition -
"as of March 2022 TFI International had US$1.70b of debt, an increase on US$1.24b, over one year. Net debt is about the same, since the it doesn't have much cash.
TSX:TFII Debt to Equity History May 2nd 2022
How Healthy Is TFI International's Balance Sheet?
The latest balance sheet data shows that TFI International had liabilities of US$1.11b due within a year, and liabilities of US$2.55b falling due after that. Offsetting these obligations, it had cash of US$20.6m as well as receivables valued at US$1.18b due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$2.46b.
This deficit isn't so bad because TFI International is worth US$7.39b, and thus could probably raise enough capital to shore up its balance sheet, if the need arose. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.
We Think TFI International (TSE:TFII) Can Manage Its Debt With EaseMagoo1968 Thanks this. -
Magoo1968 Thanks this.
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