Fastfrate Transitioned to Intermodal, Expanding Canadian Supply Chain

AI Summary

Fastfrate, initially a small freight company, evolved into one of North America's largest supply chain providers over six decades, operating across more than 46 locations in Canada, the U.S., and Mexico. This transformation, spurred by an intermodal pivot mandated by CP Rail in the late 1990s, allowed Fastfrate to capture significant market share in the less-than-truckload (LTL) sector before competitors followed. The company established crossdock facilities in multiple Canadian cities, including Halifax and Toronto, which appreciated in value alongside urban land prices. CEO Ron Tepper highlighted that Fastfrate was the first major Canadian LTL carrier to convert to intermodal from boxcar operations, reinforcing its competitive edge.