TFI International to shutter Highland Transport
TORONTO, Ont. – TFI International is closing its Highland Transport truckload and intermodal operation, effective June 28.
Drivers received news of the closure through a satellite message from Terry Gardiner, vice-president of operations, which was shown to TruckNews.com.
Sources say offices have already closed in Moncton and B.C.
The message was in stark contrast to a message sent out on May 10, which said the Highland, Roadfast, and Laidlaw fleets were going to merge. All three are operated by TFI International.
“We’ve been offered jobs with Clarke (Transport) and Laidlaw, but nothing is out on paper,” said a driver who spoke on condition of anonymity. “Technically the rates are going to be different. The only perk you’re going to be getting is we will be able to carry our benefits across … your seniority, everything else is gone.”
However, Brent Neill, vice-president of human resources for TFI International in Ontario, said the shutdown was a measured process due to poor operating results at Highland.
“As a result of the poor financial results of Highland Transport, a decision was made to close it,” he told Trucknews.com. “It was not an abrupt closure. It’s been in the works for a while. We’ve been working with drivers and salaried staff. We have been working with the white collar workers, the blue collar workers and the owner-operators and offering as many as possible continued employment with other TFI divisions.”
He said many drivers and owner-operators have indicated a willingness to work for other TFI International companies.
“I’m feeling pretty confident the majority of people will be relocated (within TFI),” Neill said.
Highland was once operated by CP Trucks, the former trucking arm of Canadian Pacific. It was founded in 1967. At one time, it had more than 500 owner-operators, which has diminished to less than half that amount today, said Neill.
TFI International is Canada’s largest for-hire fleet, according to the Today’s Trucking Top 100 list. It has 2,209 straight trucks, 6,578 tractors, 26,581 trailers, 8,568 owner-operators, and 17,026 employees.
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I guess service and rates had to be the reason, because if Highland was offering best in service according to industry facts, and their sales people were trained to properly justify the requirements of certain rate levels, then there should have been no problem for the company to operate in the black! Sad to see this company disappear after operating so long!
I worked for Highland years ago. It was one of the worst experiences of my driving career. I’m surprised they’ve lasted this long.
I drove for Highland long before it was bought by Transforce, it was a great company to work for! Not so much after. I remember just after the change over 2 trucks being searched at Landsdown and drugs being found in the cargo! The only thing that saved the drivers from being charged was they had written proof that the trailers were loaded and sealed by the shipper. I retired from there Jan 31 2005. My thoughts go out to these drivers who will endup being caught in this closing!
What Happened?
Wait it gets better , LOL !
Quote :
“MONTREAL, April 23, 2019 (GLOBE NEWSWIRE) — TFI International Inc. (TSX: TFII; OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced its results for the first quarter ended March 31, 2019.
“The year is off to a strong start at TFI International, continuing our momentum that grew throughout 2018.
We produced record first quarter results due to our relentless focus on strong execution and profitable growth, regardless of the economic cycle,” said Alain Bédard, Chairman, President and Chief Executive Officer.
“The significant year-over-year increase in our quarterly operating income was driven by strong performance ———-> across all segments.<——— We continue to believe that our investors value growing and tangible cash flow, which we delivered on again this quarter.
In addition, we completed the acquisition of three attractive businesses during the quarter and were also able to return $117 million to shareholders through a combination of dividends and share repurchases.
For the remainder of the year, as always, our focus will be on creating and unlocking shareholder value, and returning excess capital to shareholders whenever possible.”
ROTFLMAO !
Then they state :
Quote:
"SEGMENTED RESULTS
During the first quarter of 2019, revenue grew across all segments EXCEPT Logistic and Last Mile, which declined 5% relative to the first quarter of 2018."
LOL !
Then they state:
Quote:
"Operating income was higher for "all segments", driven by strong operating performance in addition to a sale of a property at Less-Than-Truckload, for a consideration of $16.5 million, generating a gain of $9.4 million."
LOL !
Draw your own conclusion …………………
https://www.canadianinsider.com/node/7?menu_tickersearch=TFII+%7C+TFI+International
" gotta beep a gunk a chucha
Honk konk konk
Ka gancha each you puna eachya bop a luba
Each yall bumo a kechonk
Ease sum konk "
LOL !
Ah keep your eyes on the road
Your hands upon the wheel !!! (wink)
https://www.youtube.com/watch?v=n2_X4VTCoEo