J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.
Canadian transport and logistics provider TFI International plans to spin off Daseke as a separate company sometime in 2025.
TFI’s overall third-quarter results reflect a weak macro environment.
TFI International said Tuesday it acquired asset-light intermodal provider Axsun.
TForce Logistics is adding a distribution center in the Toronto area, boosting its last-mile delivery capabilities in the region.
The successor of UPS’ struggling LTL operation is set to post an operating ratio below 95%, TFI International says in an unusual preannouncement.
TFI International quietly buys Montreal-area trucking and logistics firm Procam International to expand its network.
CEO Alain Bedard said renting out terminal space is a way to buoy TFI’s real estate portfolio.
TFI International has agreed to buy UPS Freight for about $800 million in its largest acquisition to date.
TFI International said it will not move forward with its planned acquisition of Canadian trucking company APPS Transport as CEO hints at issues with federal regulators.
TFI International reports a large jump in Q3 profits as strong performance from e-commerce heavy-logistics business and wage subsidies make up for weakness in truckload and LTL.
Canadian trucking and logistics firm TFI International buys U.S. bulk carrier CCC Transportation, its third acquisition from bankrupt Comcar Industries.
In today’s edition of The Daily Dash, General Motors and Nikola Corp. strike a deal for fuel cells; diesel engines are a big winner from the fallout of the Volkswagen diesel emissions scandal; and trucking’s exemption from AB5 could be at risk.
TFI International has agreed to acquire APPS Transport Group in a move that will bolster one of the company’s weak links: its Canadian less-than-truckload business.
Hacking group posts files purportedly stolen from Canpar Express after ransomware attack targets TFI International’s Canadian parcel and courier subsidiaries.
A ransomware attack has hit TFI International’s four Canadian courier divisions, targeting Canpar Express, ICS Courier, Loomis Express and TForce Integrated Solutions.
In today’s edition of The Daily Dash, Roadrunner Transportation exits the truckload business; a road for autonomous vehicles only; and NFI makes a large acquisition.
TFI International raised nearly $219 million in a share offering. It puts the transportation and logistics company in a stronger position to pursue acquisitions in the U.S. and Canad
TFI International announces share offering that could raise more than $200 million and give the Canadian firm additional firepower for more acquisitions.
TFI International grows U.S. specialty businesses with CT Transportation in second acquisition from bankrupt Comcar industries.
