Truck News


Company
Groupe TransForce Inc.


  • TFI’s Bedard sees improving conditions, more M&A ahead

    February 17, 2017 9:28AM by James Menzies

    MONTREAL, Que. – Improving conditions across all business segments are expected this year by TFI International chairman and CEO Alain Bedard, but weakness in the US truckload segment could continue through the first half of the year. On a conference

  • TFI International posts Q4 gains

    February 16, 2017 3:50PM by Truck News

    Bedard “cautiously optimistic” about improving economy

  • TransForce International buys National Fast Freight

    December 29, 2016 9:10AM by Truck News

    BRAMPTON, Ont. – TransForce International has announced the acquisition of National Fast Freight from Calyx Transportation Group. National Fast Freight provides LTL intermodal services across Canada and has generated $80 million of intermodal revenue over the past 12 months. TransForce

  • Package and courier segment helps TransForce weather challenging environment

    October 25, 2016 12:41PM by James Menzies

    MONTREAL, Que. – A sluggish Canadian economy, an oversupplied domestic LTL market and downward pressure on rates in the US hurt TransForce’s Q3 revenue. However, the package and courier (P&C) segment was a bright spot, growing its revenue by 3%

  • TransForce posts Q2 results

    July 22, 2016 6:48AM by Truck News

    MONTREAL, Que. — TransForce’s Q2 earnings were affected by the slowing Canadian economy and weakness in the North American freight market. The company reported adjusted net income of $54.9 million compared to $66.6 million over the same period last year.

  • TransForce creates role for M&A v.p.

    June 14, 2016 6:28AM by Truck News

    MONTREAL, Que. — TransForce has announced the creation of a new role within the company, vice-president of mergers and acquisitions. It will be filled by David Saperstein beginning June 28, the company says. He will be based in the US

  • TransForce to focus on share buyback rather than acquisitions: Bedard

    February 12, 2016 11:01AM by James Menzies

    MONTREAL, Que. — Don’t expect any major acquisitions from TransForce during the first half of 2016. Alain Bedard, chairman and CEO of Canada’s largest trucking firm, says buying back TransForce shares is the best deal going. Addressing analysts and business

  • Ability to adapt rapidly helps TransForce grow revenues

    February 11, 2016 7:25PM by Truck News

    MONTREAL, Que. — Having sold off its waste management business and shuttered its US oil rig moving business, TransForce on Thursday reported increased revenue for the fourth quarter and full year in 2015. Revenue from continuing operations climbed 23% in

  • Pain in Alberta, no gain in Ontario behind TransForce’s lowered expectations

    July 24, 2015 11:40AM by James Menzies

    MONTREAL, Que. — The anticipated benefit of a weak Canadian dollar – a boost to manufacturing in Ontario and Quebec – has yet to materialize, causing TransForce this week to reduce its earnings outlook for the rest of the year.

  • TransForce reduces earnings outlook on economic weakness

    July 23, 2015 5:27PM by Truck News

    MONTREAL, Que. — TransForce grew Q2 revenue and profits thanks to last year’s acquisitions, but has revised downwards its anticipated full-year results on softer than expected economic conditions. Revenue excluding fuel surcharges was $998.1 million, up 27% from the second

  • TransForce promotes Greg Rumble

    May 4, 2015 7:48PM by Truck News

    MONTREAL, Que. — TransForce has appointed Contrans president Greg Rumble as its new executive vice-president and chief financial officer. Rumble has been president of Contrans since 2003. It was acquired last year by TransForce. He will continue on as president

  • TransForce grows Q1 profits

    April 22, 2015 2:25PM by Truck News

    MONTREAL, Que. — TransForce grew its revenue and net profit in the first quarter of 2015, thanks in part to acquisitions made last year and a weaker Canadian dollar. “Despite negative impacts from lower oil prices and harsh winter conditions

  • Contrans acquisition helps boost TransForce earnings

    March 2, 2015 6:40PM by Truck News

    MONTREAL, Que. — TransForce closed out its fiscal year strong, posting a 36% increase in Q4 revenue and more than doubling its profits to $47.5 million. “TransForce completed several significant business acquisitions in 2014, including Contrans, our largest ever. These

  • Why I’m taking a wait and see approach to the Transforce-Contrans mega deal

    August 10, 2014 10:18PM by Lou Smyrlis

    Ever since the end of the Great Recession, industry executives have been talking about the need to consolidate the industry as a way to soak up excess capacity, provide top shippers with the large scale transportation network they desire, and

  • TRANSFORCE TO TAKE OVER CONTRANS IN BLOCKBUSTER DEAL

    August 4, 2014 9:45PM by James Menzies

    Of course, the real biggest story, to those of us in the trucking industry, was TransForce’s surprise acquisition of Contrans. Of course we were the first to report on it and to post reaction from industry analysts and observers. You