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