• ITVI.USA
    13,908.850
    -16.050
    -0.1%
  • OTRI.USA
    22.040
    -0.040
    -0.2%
  • OTVI.USA
    13,887.180
    -17.040
    -0.1%
  • TLT.USA
    2.640
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,908.850
    -16.050
    -0.1%
  • OTRI.USA
    22.040
    -0.040
    -0.2%
  • OTVI.USA
    13,887.180
    -17.040
    -0.1%
  • TLT.USA
    2.640
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
CanadaNewsTrucking

TFI reveals trucking, logistics acquisitions

Canadian firm’s earnings report reveals August purchases of Quebec cross-border carrier Craler and Georgia-based logistics provider

TFI International (TSX:TFI) quietly acquired a small Canadian carrier and certain assets of a U.S. logistics provider in August. 

TFI disclosed the purchase of Quebec-based Craler and US Logistics in its third-quarter financial report.

Craler provides trucking, brokerage and warehousing services in Canada, the U.S. and Mexico. The firm lists 19 trucks in its U.S. Federal Motor Carrier Safety Administration registration. 

Craler has facilities in Laval, Quebec and Barrie, Ontario. 

Georgia-based US Logistics provides medical logistics, final mile and brokerage services. The acquisition will complement TFI’s purchase of assets of bankrupt carrier Beavex.

TFI did not disclose the purchase price of either company. The Montreal-based firm has acquired eight companies in 2019. 

TFI reported relatively flat performance in its third-quarter earnings report on October 24. 

CEO Alain Bedard will discuss the results with analysts on October 25. 

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Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist who covers cross-border trucking, logistics and trade for FreightWaves. Before moving to Canada, he spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.
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