Business Management TFI’s Bedard sees improving conditions, more M&A ahead February 17, 2017 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…
Business Management TFI International posts Q4 gains February 16, 2017 Bedard "cautiously optimistic" about improving economy
Business Management TransForce International buys National Fast Freight December 29, 2016 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…
Business Management Package and courier segment helps TransForce weather challenging environment October 25, 2016 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)…
Business Management TransForce posts Q2 results July 22, 2016 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…
Business Management TransForce creates role for M&A v.p. June 14, 2016 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,…
Business Management TransForce to focus on share buyback rather than acquisitions: Bedard February 12, 2016 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…
Business Management Ability to adapt rapidly helps TransForce grow revenues February 11, 2016 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…
Business Management Pain in Alberta, no gain in Ontario behind TransForce’s lowered expectations July 24, 2015 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…
Business Management TransForce reduces earnings outlook on economic weakness July 23, 2015 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…
Human Resources TransForce promotes Greg Rumble May 4, 2015 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…
Business Management TransForce grows Q1 profits April 22, 2015 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…
Business Management Contrans acquisition helps boost TransForce earnings March 2, 2015 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 Management Why I’m taking a wait and see approach to the Transforce-Contrans mega deal August 10, 2014 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…
Business Management TRANSFORCE TO TAKE OVER CONTRANS IN BLOCKBUSTER DEAL August 4, 2014 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…