TFI International (NYSE:TFII) has signed an agreement to acquire APPS Transport Group, a Canadian less-than-truckload (LTL) and intermodal carrier based near Toronto, the company said on Friday.
The acquisition will help bolster TFI’s lagging Canadian LTL business. APPS Transport has annual revenue of about $76 million (CA$100 million), with about 70 company drivers and more than 80 independent contractors.
It also suggests TFI is carrying on business as usual after a ransomware attack hit its...
https://s29755.pcdn.co/news/tfi-to-acquire-apps-transport-to-boost-canadian-ltl-business