MONTREAL, QC – Just months after acquiring a major truckload carrier in the U.S., TFI International is cautiously optimistic about the state of the North American economy.
“Unemployment is low and consumer spending remains solid. Moreover, rising oil prices have given way to a modest rebound in the level of investment in that sector,” said chairman, president and Chief Executive Officer Alain Bedard, when releasing year-end results. “These factors should produce a gradual recovery in freight volume and rates.”
Referring to 2016 as a “transformational” year for the business – which now collects half its revenue south of the border
MONTREAL, QC –TFI International (TFI), more widely known as TransForce, has acquired Cavalier Transportation Services. Cavalier’s operations consist of LTL and truckload services, brokerage, and warehousing. Based in Bolton, Ontario, Cavalier serves corridors primarily between Ontario, Quebec, New York and Illinois.
Established in 1979, Cavalier will operate as a standalone business unit within TFI. Cavalier provides its clients with cross-border LTL, truckload, temperature-controlled and dry van transportation and logistics services.
BRAMPTON, ON – TransForce International (TFII) is acquiring National Fast Freight from Calyx Transportation Group, the companies have announced.
National Fast Freight is a non-asset-based company that provides Less than Truckload (LTL) intermodal service across Canada, and generated $80 million in revenue in the past year. It will continue to operate under current management as a standalone business unit.
TransForce International’s existing LTL intermodal operations include Clarke Transport and Vitran.
MONTREAL, QC — TransForce has purchased XPO Logistics’ truckload business for US $558 million in cash.
After XPO bought Con-way Inc. a year ago, Con-way Truckload’s operations appeared to many observers to be an odd fit for XPO, which bills itself as the second largest freight brokerage provider in the world.
In February, the Wall Street Journal reported that after evaluating and rejecting bids from three trucking companies, XPO would instead hold onto the unit. “I think we can improve it by integrating it and bringing it lots of new customers from our other service lines,” CEO Bradley Jacobs told a WSJ reporter.
MONTREAL, QC – TransForce, one of the largest trucking companies in North America, says it had a strong third quarter as it tries to weather a struggling economic climate.
MONTREAL, QC – TransForce — number one on Today’s Trucking Top 100 list — says its latest financial report reflects “difficult market conditions in the North American freight market and a weak Canadian economy.”
ALEXANDRIA, VA – U.S.-based driver staffing company TransForce has acquired the Canadian assets of K.A.S. Personnel Services, a provider of high-quality commercial truck drivers and transportation personnel based in Mississauga, Ontario.
MONTREAL, QC – TransForce has created a corporate position to handle mergers and acquisitions, the company announced Tuesday.
MONTREAL, QC – TransForce Inc. CEO Alain Bédard describes the North American trucking firm’s first quarter results of 2016 as “mixed,” with performance strained by a weak Canadian economy.
MONTREAL, QC – The trucking and logistics giant TransForce Inc. reported higher profits and revenue in the second quarter of the year but has lowered expectations for the remainder of 2015.
MONTREAL — One of Canada’s largest freight transportation and logistics providers, Transforce Inc., has purchased the U.S.-based delivery service Hazen Final Mile LLC from Hazen Transport Inc.
MONTREAL – The trucking and logistics provider, TransForce Inc., has a new money-man.
MONTREAL, QC – Significant acquisitions in 2014 leads to increase. Company posts 2015 anticipated results on its website.
MONTREAL — The head of Canada’s largest dairy processors was recently named to the TransForce Income Fund Board of Trustees.
MONTREAL- Canadian trucking giant TransForce has struck a deal to buy Contrans for $495 million in cash plus $85 million of debt, for a total of $580 million, or to use the words of TransForce CEO, Alain Bédard, “the most expensive and largest deal in my life.”