Canada Cartage enters into agreement to acquire Walmart Canada’s fleet business

Canada Cartage, one of North America’s largest providers of transportation and logistics services, has signed an agreement to acquire Walmart Fleet ULC. Headquartered in Mississauga, Ontario, Walmart Fleet transports local goods to support communities across Canada and services Walmart’s more than 400 stores from coast-to-coast.

Canada Cartage was chosen by Walmart Canada to acquire its fleet business so it can focus on its ambitious growth strategy of expanding its stores and supply chain across Canada. This acquisition allows Canada Cartage, the country’s largest provider of dedicated fleet services, to strengthen its dedicated fleet capabilities and accelerate its growth in Canada.

“Our acquisition of Walmart Fleet reflects our commitment to expanding our network and bringing dedicated fleet transportation solutions to more customers across Canada,” said Scott Lane, President, Canada Cartage. “This move positions us for long-term growth while providing the talented employees joining us from Walmart Fleet with more opportunities to develop long-term careers and thrive in a fleet-focused environment.”

Canada Cartage will operate the fleet as a dedicated operation – ensuring business continuity for Walmart Canada while building on its reputation as a trusted provider in the dedicated transportation industry. For the retailer, the divestiture reflects a strategic focus on its future growth plans in Canada, as it further expands across the country to better serve its customers.

“This decision is part of our broader growth ambitions and strategy to focus on what we do best: delivering value to our customers,” said Matt Kelly, Vice President, Supply Chain, Walmart Canada. “We are confident fleet employees will benefit greatly from Canada Cartage’s leadership. They’re very well-respected, and we know their culture is the right fit for fleet employees and our business.”

This acquisition underscores both Canada Cartage and Walmart Canada’s commitment to long-term growth in Canada, and positions both companies for sustained success in an evolving market.
Subject to the satisfaction of customary closing conditions, the transaction to acquire Walmart Fleet ULC is expected to close in the coming weeks.