10:03 AM EST - Vitran Corp. : has acquired Pjax Freight System, a Pittsburgh-based freight carrier, for $132 million in a deal to expand the Canadian company's network in the United States. Toronto-based Vitran said Monday it will pay $80.3 million in cash for Pjax plus $26.5 million of assumed debt, $13.2 million in stock and holdbacks totalling $12 million payable over the next 365 days. Vitran Corp.
T.VTN are trading up 83 cents at $21.53.
