ECONOMIC TRUCKING TRENDS: ‘Cautious optimism’ returning, Q3 earnings from TFI, Mullen

Trucking conditions continue to improve, according to FTR’s Trucking Conditions Index. That’s largely driven by falling diesel prices, as freight conditions remain tough. Motive notes there is cautious optimism returning…

TFI International acquires Quebec carrier CMW Express

TFI International has acquired Beauce, Que.-based carrier CMW Express and its subsidiary FRL Express. Headquartered in Sainte-Marie-de-Beauce, the company also has facilities in Saint-Joseph-de-Beauce. The company specializes in truckload and…

5 takeaways from TFI International’s Q2 earnings call

TFI International is looking at ways to improve margins, while not counting on the general freight markets to help. Total revenue for the quarter came in at $2.26 billion (all…

U.S. election uncertainty making ‘very difficult’ freight market worse, TFI CEO says

The head of Canada’s biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight. Uncertainty over the outcome of the political contest this fall…

TFI International grows revenue, but profit slides in Q1

TFI International grew revenue in the first quarter but saw profits slide due to weaker overall market conditions. “TFI International performed well in a challenging environment, while making notable advancements…

Trucking Announcements: New Canpar, Loomis president; DataDis U.S. hire

Each week, TruckNews.com lists notable moves, promotions and awards in the trucking industry. This week Mike Hover was named president of Canpar and Loomis Express, and DataDis welcomed Steve Sanderson as regional…

TFI International adds LTL muscle with Hercules acquisition

TFI International has purchased Hercules Forwarding, an LTL carrier focused on intra-U.S. and U.S. to Canada freight. The company was founded in 1985, has a U.S. headquarters in Vernon, Calif.,…

TFI International considers inviting other specialized TL players into spinout

Flatdeck and tanker is in, when it comes to TFI International’s U.S. truckload operations. Van and reefer is out. Speaking on a Q4 earnings call with analysts, TFI International chairman…

Trucking announcements: Polaris, NationaLease, Great Dane announce new VPs

Each week, TruckNews.com lists notable moves, promotions and awards in the trucking industry. This week, Garry Mercer Trucking pledged a $10,000 donation to a local hospital and Polaris, Great Dane, TFI International…

TFI International to acquire Daseke for US$1.1 billion

TFI International has announced plans to acquire U.S. publicly traded flatbed and specialized transport firm Daseke for US$8.30 per share in an all-cash transaction and deal valued at US$1.1 billion.

Quebec pension fund invests in TFI International

Caisse de dépôt et placement du Québec (CDPQ), an institutional investor that manages several pension plans in Quebec, has acquired a US$171.7 million stake in TFI International – Canada’s largest…

Cost control, efficiency the name of the game for TFI International

TFI International saw revenues and net income slide in the third quarter, largely due to softer freight volumes and the divestiture of its U.S. truckload business, CFI, last August. Total…

TFI International acquires Vedder Transportation

TFI International has acquired Vedder Transportation Group, a fleet that specializes in transporting tanks of food grade liquids and dry bulk commodities, establishing a national food grade tank truck network…

TFI acquires truck transporter JHT Holdings

TFI International has acquired JHT Holdings, a Wisconsin-based company that transports finished Classes 6-8 trucks to dealers and end customers. The company was founded in 1933 and works for truck…

TFI International expects to capitalize on Yellow bankruptcy

TFI International expects to benefit from Yellow Corp.’s bankruptcy proceedings, potentially adding thousands of daily shipments at a time when its own overall income has plunged. TForce Freight — formed…