Canadian carrier cuts out non-core business

Vitran Corp., a Toronto -based transportation and logistics firm, has sold off its ETL environmental recycling business to Metro Waste Paper Recovery, Inc. Financial terms of the all-cash transaction were not disclosed. Richard D. McGraw, Vitran's president & CEO, said the sale of ETL will allow the carrier to focus resources on its main business, providing premium freight and distribution services,

Sean Kilcarr

Jan. 4, 2002

Richard D. McGraw, Vitran's president & CEO, said the sale of ETL will allow the carrier to focus resources on its main business, providing premium freight and distribution services, including less-than-truckload, truckload, intermodal and logistics, throughout the United States and Canada.

"This is a mutually beneficial agreement for both parties, since Vitran realized cash for a non-core asset, and ETL provides Metro Waste with a good foundation for future growth," he added.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.