TFI

TFI International seeks to spin off Daseke in 2025

TFI International seeks to spin off flatbed carrier Daseke in 2025

(Photo: Jim Allen/FreightWaves)

Canadian transport and logistics provider TFI International announced on its Q4 earnings call plans to spin off Daseke as a separate company sometime in 2025. Daseke has a fleet of around 4,500 tractors and 11,000 flatbed and specialized trailers and is the largest flatbed provider in North America. Describing the strategy that began with TFI acquiring Daseke in December 2023, Colin Campell of...

https://www.freightwaves.com/news/tfi-international-seeks-to-spin-off-daseke-in-2025

At TFI’s US LTL unit, cost reduction trumps all

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At TFI International Inc.’s (NYSE: TFII) still-struggling U.S. less-than-truckload business, TForce...

https://www.freightwaves.com/news/at-tfis-us-ltl-unit-cost-reduction-trumps-all

TFI International acquires intermodal provider Axsun

TFI International announced Tuesday it has acquired intermodal logistics provider Axsun Group.

Montreal-based Axsun specializes in intermodal and brokerage services, operating several offices throughout Canada and the U.S. The company’s asset-light model also provides over-the-road, drayage, warehousing and other logistics services. Its asset-based capabilities include 20 tractors and 300 trailers.

“Axsun’s existing business will prove complementary to our service offerings in both Canada and the...

TForce Logistics expands last-mile delivery service

TForce Logistics expands last mile delivery capabilities

TForce Logistics is expanding its dedicated last-mile delivery capacity in Toronto, opening a fourth facility in the region to handle e-commerce customers.

The 8,140-square-foot Hamilton distribution center is located in Stoney Creek and will provide next-day service from the Highway 401 corridor from Hamilton down to Niagara Falls.

“This expansion is an important step forward to better service our customers and their customers,” said Luke Henshaw, vice president of operations for TForce...

https://www.freightwaves.com/news/tforce-logistics-expands-last-mile-delivery-service

TFI says turnaround of UPS Freight successor running ahead of schedule

A white tractor trailer of UPS Freight, which was acquired by TFI International.

TFI International’s turnaround of UPS Freight is running ahead of schedule, the company said Tuesday as it announced that it expects the LTL business, now called TForce Freight, to post an adjusted operating ratio below 95% for the second quarter. 

TFI (NYSE:TFII) provided no details in what marks an unusual preannouncement ahead of the release of its second-quarter financial results on July 26. But the improvement in margins for the division “is consistent with companywide strong performance...

https://www.freightwaves.com/news/tfi-says-turnaround-of-ups-freight-successor-running-ahead-of-schedule

TFI M&A engine keeps purring, acquires Procam

A commercial truck seen from behind travels on a highway with the logo of TFI International layered on top of the image.

TFI International (NYSE:TFII) has once again proven it has a seemingly insatiable appetite for trucking and logistics companies, buying a small Canadian carrier, Procam International, as it works to integrate UPS Freight into its expansive portfolio. 

TFI acquired Procam in early June to expand its network, company spokesperson Julie Coutu told FreightWaves in an email. Based in the Montreal suburb of Laval, the 33-year-old Procam is a less-than-truckload, specialized truckload, third-party...

https://www.freightwaves.com/news/tfi-ma-engine-keeps-purring-acquires-procam

TFI may lease UPS Freight terminals to other truckers, CEO says

Canadian trucking company TFI International Inc. (NYSE and TSX: TFII), which has said it will acquire less-than-truckload carrier UPS Freight from parent UPS Inc. (NYSE:UPS) for $800 million in cash, will consider renting out space in UPS Freight’s terminals to other trucking companies, TFI Chairman, President and CEO Alain Bedard told analysts.

On a conference call to discuss Montreal-based TFI’s fourth-quarter results, Bedard said that TFI will look at renting space in terminal yards and docks...

https://www.freightwaves.com/news/tfi-may-lease-ups-freight-terminals-to-other-truckers-ceo-says

News Alert: TFI pulls out of APPS Transport acquisition

A tractor-trailer of TFI International carrier Papineau International. TFI said it pulled out of an acquisition of APPS Transport.

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

TFI has strong Q3 as logistics bet pays off

A tractor-trailer viewed from the year of TFI International trucking carrier CFI. TFI reported Q3 financial results on Thursday.

TFI International (NYSE:TFII), Canada’s largest trucking company, reported a more than 30% jump in profits during the third quarter compared to a year ago as logistics operations and government wage subsidies offset softness from its truckload and less-than-truckload businesses. 

Montreal-based TFI brought in C$110 million in net income during the quarter, or an adjusted C$1.25 per share, on C$1.25 billion in revenue. Net income increased by 34% versus a year ago, while revenue fell by 4%. 

The...

https://www.freightwaves.com/news/tfi-has-strong-q3-as-logistics-bet-pays-off

TFI International acquires CCC Transportation from Comcar

A tractor-trailer of CCC Transportation drives on a road. TFI International has acquired CCC from Comcar Industries.

TFI International (NYSE:TFII) has acquired CCC Transportation in the Canadian trucking and logistics firm’s third purchase from bankrupt Comcar Industries. 

TFI announced the deal Wednesday, saying it paid $6.8 million for Florida-based CCC. Details of the acquisition emerged last week in court filings from Comcar’s Chapter 11 bankruptcy. 

Bulk carrier CCC marks TFI’s third acquisition from Comcar. It purchased CT Transportation and MCT Transportation earlier this summer.

CCC has a fleet of nearly...

https://www.freightwaves.com/news/tfi-international-acquires-ccc-transportation-from-comcar

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