TFI International

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI.

TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.

TFI International has acquired food-grade tank hauler Entreposage Marco for an undisclosed sum.

LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.

In this edition: The dream that may or may not come true under the FTC’s new rule, and TFI International wants heavier freight.

TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight.

Daseke, known primarily for its flatbed operations, is now part of TFI International.

TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.

Canadian transport and logistics provider TFI International plans to spin off Daseke as a separate company sometime in 2025.

TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says

Labor peace was won at what will be higher costs for shippers and carriers.

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

Two subsidiaries of trucking conglomerate TFI International have been sued by the EEOC over alleged discrimination against two gay employees who ultimately were fired.

TFI International has acquired food-grade tanker carrier Vedder Transportation Group.

Using an asset-light model, JHT delivers new trucks to dealerships and customers.

Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.

Volume declines ate into TFI International’s revenue in the second quarter.

A collective bargaining agreement between TForce Freight and the Teamsters comes 18 days before the current contract expires.

TFI International bolsters its North American LTL presence with two tuck-in acquisitions.

TFI International said Tuesday it acquired asset-light intermodal provider Axsun.

Los jefes de los Teamsters prometen “luchar como locos” contra los acuerdos de ABF y TForce

The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.

Un analista afirma que la participación del 4% de TFI en ArcBest es el preludio de una oferta de adquisición

TFI’s chief downplayed any talk that goes beyond operational synergies, but analyst Jason Seidl said TFI wants to marry ArcBest.

TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.

TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.

Loomis Express workers have called off a strike after reaching a tentative agreement on a new contract.

Loomis Express workers across Canada could go on strike by noon Wednesday.

Truckload carrier Heartland Express will take on another difficult turnaround in CFI, which it acquired from TFI International for $525 million.

Se espera que el acuerdo cree la octava mayor flota de camiones de Estados Unidos

Heartland Express announced Monday the acquisition of CFI’s non-dedicated dry van and temperature-controlled fleet in the U.S. and its logistics operation in Mexico.

Transport and logistics giant TFI posted quarterly gains across the board and raised the outlook for the rest of the year.

Diferentes salarios para diferentes geografías, en lugar de una escala salarial uniforme, puede ser lo que está en las negociaciones, dice el CEO

TFI CEO Alain Bédard may want to set TForce Freight wages based on worker geographies instead of one uniform structure in upcoming talks with the Teamsters.

The CEO of Canada’s largest trucking company, TFI International, says the cross-border COVID-19 vaccine mandate affected a small number of its Canadian drivers.

Después de un fuerte Q4, el CEO de TFI dice que el enfoque se mantiene en la eficiencia, la rentabilidad de la operación LTL de Estados Unidos

TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO.

Midwest Carriers y CFI son los últimos en subir el sueldo

Nearly a year and a half into a tight truck market and carriers continue to raise driver wages. Midwest Carriers and CFI are the latest to announce increases.

Los transportadores que modificaron su identidad a través de fusiones y adquisiciones en el último año

Several asset-based carriers changed their course through M&A in 2021.

This week: CFI employees raise holiday funds for local charities; XPO joins other industry professionals for Wreaths Across America Day; and Gopuff gives toward Kentucky tornado relief.

Atypical ways to help employees feel supported and invested in by the company, Walmart’s new container plan, and quarterly analysis of 3PLs.

TFI International expands its U.S. temperature-controlled business with the acquisition of Missouri trucking firm D&D Sexton.

Private trucking fleets expand amid soaring spot rates According to a recent National Private Truck Council Report, private fleets continue to expand due to high spot market rates and dwindling capacity in the market. Less capacity equals less service, and service metrics remain a big driver for in-house transportation. For large common carriers (they haul […]

TFI International is consolidating its U.S. truckload and dedicated operations, including Transport America and part of the former UPS Freight, under CFI to cut costs and boost performance.

TFI International plans to shut down four terminals at the former UPS Freight operation and the CEO signals more to come as the company targets costs.

TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.

The Teamsters allege that TFI’s TForce Freight broke federal law when it reduced the speed limit of its trucks from 68 to 65 mph.

TFI International is working to hire more truck drivers at TForce Freight as it cuts salespeople amid a push to rebuild the UPS legacy operation.

TFI International’s hard line on unprofitable UPS Freight legacy business is helping accelerate the LTL carrier’s turnaround – and it’s just getting started

TFI International beats analysts in the second quarter as its U.S. LTL division left its days as UPS Freight in the dust.

The successor of UPS’ struggling LTL operation is set to post an operating ratio below 95%, TFI International says in an unusual preannouncement.

One of Canada’s largest trucking and logistics firms, Mullen Group, is entering the U.S. market with a $40 million acquisition of Chicago-area freight brokerage QuadExpress from commercial printing company Quad.

TFI International quietly buys Montreal-area trucking and logistics firm Procam International to expand its network.

Canadian trucking and logistics firm TFI International has completed its $800 million acquisition of UPS Freight, becoming one of the top less-than-truckload providers in North America.

In today’s edition, we highlight the end of an injunction in California that had kept an independent contractor law from applying to trucking, as well as a funding round for Arrive Logistics and more.

The CEO of TFI International suggests the Canadian firm is looking to grow its relationship with UPS beyond its $800 million acquisition of UPS Freight.

TFI International reports a 17% increase in operating income during the first quarter as the Canadian trucking and logistics firm gets a strong start to 2021.

Canadian trucking giant Mullen Group wades into truck sales after acquiring a small Volvo and Mack dealership as part of the acquisition of British Columbia’s Bandstra Group.

The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.

“We will be better positioned, not just to compete with these large disruptors but to service those smaller customers and retailers that need access to both technology solutions and a large terminal network,” said Mullen Group CEO Murray K. Mullen.

Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.

In today’s edition of The Daily Dash, diesel fuel prices are rising across the country. Plus, the Postal Service could be getting a makeover; Forward Air talks cyberattacks; and TFI discusses its plans for UPS Freight.

TFI International CEO says it will take a hard line on UPS Freight customers who aren’t making the company money after its $800 million acquisition closes.

Whereas at other times cheap capital might be an occasion to take bigger risks, this time, enterprises are not using their resources to expand outside their bread-and-butter business but instead to invest within it.

In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.

Maritime rates are still soaring as ports stay backlogged, but could a federal mask mandate help alleviate some of the issues?

In today’s edition of The Daily Dash, TFI International has acquired another carrier. Plus, the CDC says most truck drivers don’t have to wear masks, and flatbed operator Daseke is looking for acquisition targets.

Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.

In today’s edition of The Daily Dash, Landstar sees a cooling freight market in the second half of 2021. Plus, the Biden administration may consider regulating driver detention, and Werner sells its freight forwarding business.

Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.

In today’s edition of The Daily Dash, we explore the relationship between TFI International and the unionized LTL carrier UPS Freight. Plus, earnings have started in earnest and so far, so good.

UPS lost its 16-year battle to succeed in LTL. Now it’s TFI’s turn.

TFI International CEO Alain Bedard praised the partnership of UPS and the Teamsters and signaled his company’s willingness to work with unions ahead of the UPS Freight acquisition. But will it work?

Andrew Cox and Seth Holm break down the pros and cons of UPS Freight selling to TFI International.

Market capacity is not loosening up as contract bid season gets into swing and Chinese New Year approaches.

In today’s edition of The Daily Dash, TFI International will acquire UPS Freight. Plus, the West Coast has supplanted Chicago as the king of the freight world, and outbound tender volumes keep falling.

Dooner and The Dude explore sales optimizations, faster payments for truckers and being charitable on this episode of WHAT THE TRUCK?!?

UPS’ sale of UPS Freight to Canadian firm TFI International will end the company’s not-very-happy venture into LTL.

TFI International has agreed to buy UPS Freight for about $800 million in its largest acquisition to date.

The proliferation of ransomware attacks in the trucking and logistics industry is leaving many firms in the position of deciding which is the lesser of two evils: paying the attackers or paying the price of refusing.

Hackers relentlessly targeted trucking and logistics companies throughout 2020. These five cyberattacks are among the worst incidents.

CFI raised more than $40,000 in its annual Truckload of Treasures Holiday Giving Campaign.

TFI International carrier Transport America has been shifting its fleet to offer more dedicated services in the hopes of attracting and retaining truckers.

As ransomware attacks target the supply chain, victims have to weigh the price of paying against the consequences of not.

Major companies in the transportation and logistics world have taken interest in Canada’s massive undertaking to distribute millions of COVID-19 vaccine doses.

The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.

While the election may not make a big difference in how the U.S. trades with Canada, the transportation and logistics sector could benefit from a result that brings more infrastructure spending.

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.

In today’s edition of The Daily Dash, Amazon is altering the industry’s perspective of peak freight season. Plus, Women in Trucking named the top employers for women and XPO could be looking to downsize.

TFI International’s acquisition spree continues. The Canadian transportation and logistics company adds another bulk carrier to its portfolio with the purchase of Grammer Dry Bulk.

Kenan Advantage Group expands its presence in eastern Canada after subsidiary Westcan acquires Beaulac Transport.

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, short seller Hindenburg Research continued to lob allegations of wrongdoing at Nikola Corp. Plus, OOIDA said it will renew its push for more funds for truck parking when the next Congress convenes, and TFI International expands its […]

TFI International says it will acquire DLS Worldwide from RR Donnelley for $225 million in a major acquisition that will expand the Canadian company’s U.S. logistics business.

Canadian trucking and logistics firm TFI International buys U.S. bulk carrier CCC Transportation, its third acquisition from bankrupt Comcar Industries.