PJAX purchase

Discussion in 'Central Transport/Vitran' started by Jughead, Oct 2, 2006.

  1. Jughead

    Jughead LOST

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    TORONTO, ONTARIO and PITTSBURGH, PENNSYLVANIA -- (ENP Newswire) -- 10/02/06 -- Vitran Corporation Inc., a North American transportation and logistics firm, today announced the purchase of PJAX Freight System, a regional LTL (less-than-truckload) freight carrier headquartered in Pittsburgh, PA. The purchase price consideration of approximately $132 million for PJAX consisted of $80.3 million in cash, $26.5 million of assumed debt, $13.2 million in Vitran stock and holdbacks totaling $12 million payable over the next 365 days.

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  2. pjaxdriver

    pjaxdriver New Member

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    Vitran Pay Scale?

    Whats the city pay for Vitran employees, anyone know? Thay just bought us out and we dont have any idea whats going to happen.
     
  3. DETrob

    DETrob Member

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    Your screwed.:Violin:
     

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