October 5th, 2004

Speedy Transport Purchases U-Can Universal


Speedy Transport, a leader in the transportation and logistics industry in Ontario and Quebec, is pleased to announce the acquisition of U-Can Universal Transit Ltd. (U-Can Universal), KLMN Warehousing Ltd. (KLMN) and Cantrax Ltd. (Cantrax) effective immediately.


U-Can Universal is widely recognized as a premier provider of LTL service to clients in Ontario, Quebec and the Maritime provinces. KLMN operates 400,000 sq ft of warehousing space in Etobicoke, Ontario and Dartmouth, Nova Scotia. Cantrax provides logistic and transportation services to Atlantic Canada.


Speedy Transport, U-Can Universal, KLMN and Cantrax are complimentary in nature and this exciting new union will provide a greater range of quality services for customers.


“Speedy and U-Can will both benefit from the sharing of technologies and the ability to offer customers a broader range of services. With this acquisition we continue to pursue our long term growth strategy by adding value to our client base”, said Monty Martin, CEO of Speedy Transport.


For more information please visit: www.speedy.ca or www.u-can-universal.com


Or call 416-510-2034 to contact:


Bryan M Brooks, CA

Vice President of Finance & CFO
Speedy Transport Ltd.

Derek Comfort
Vice President Sales & Marketing
Speedy Transport Ltd.

 

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