Canadian trucking and logistics company TFI International (NYSE:TFII) has pulled out of its planned acquisition of Canadian less-than-truckload (LTL) and intermodal carrier APPS Transport.
Montreal-based trucking and logistics firm TFI disclosed the move in its third-quarter financial results released Thursday. The company did not provide a reason, stating that its planned acquisition had been terminated.
TFI announced the forthcoming acquisition of APPS in August. The price of the deal was not...
https://www.freightwaves.com/news/tfi-pulls-out-of-apps-transport-acquisition