Sell your trucking or logistics company

No. Under the Highway Traffic Act, a CVOR certificate is not transferable. A buyer of the assets applies for its own certificate, and the Registrar may refuse an applicant related to an operator whose certificate was cancelled or suspended. In a share sale the holder is unchanged and reports changes in corporate officers immediately. Selling a trucking company

FMCSA assigns each USDOT number permanently to one legal entity. A corporation that continues as the same entity keeps its number and files an updated MCS-150 within 30 days of the change. A new entity requires its own number but may have the transfer of operating authority recorded.

Road transportation across provincial or international borders is federally regulated, so the Canada Labour Code applies rather than Ontario’s Employment Standards Act. It treats employment as continuous through a sale, unless rehiring occurs more than 13 weeks after the earlier of the last day worked and the transfer. What happens to your employees

Carriers adding lanes, equipment and drivers, freight and warehousing groups integrating services, private equity funds building transportation platforms, and US carriers acquiring Canadian operations. The safety record and the age of the fleet are what each of them reviews first.

Most sales close 6 to 12 months after going to market. In an asset sale, the buyer’s own CVOR certificate and carrier registrations must be in place before closing, which usually sets the timeline. How long a sale takes

A share sale keeps the existing CVOR certificate, safety rating and registrations with the company, while an asset sale requires the buyer to obtain its own. The choice also determines whether the lifetime capital gains exemption, $1,275,000 per owner in 2026, is available. Taxes when you sell

The CVOR safety rating, which is one of Satisfactory, Satisfactory Unaudited, Conditional or Unsatisfactory, together with inspection results, collisions and convictions. A buyer related to an operator with a poor record may be refused its own certificate, so the record also shapes the structure of the sale.