Truck News


Keyword
TransForce


  • 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

  • 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.

  • US staffing firm moves into Canada with acquisition of K.A.S.

    July 5, 2016 6:17AM by Truck News

    MISSISSAUGA, Ont. — Commercial truck driver staffing firm TransForce has announced the acquisition of K.A.S. Personnel Services. The acquisition marks TransForce’s move into the Canadian market and is its sixth purchase in the past 36 months. K.A.S. has been providing

  • 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

  • TransForce buys US freight brokerage

    December 2, 2015 6:40AM by Truck News

    EAGAN, Minn. — TransForce-owned Transport America has announced the purchase of US freight broker Optimal Freight. Optimal is a non-asset based truckload freight brokerage, which Transport America says will allow it to greatly expand its capabilities and create new solutions

  • TransForce to target US truckload companies for 2016 acquisitions

    October 23, 2015 10:15AM by James Menzies

    MONTREAL, Que. — TransForce will be looking to the US truckload segment when it resumes its buying spree sometime next year. This year has been quiet on the M&A front, and TransForce invested its money into buying back its own

  • TransForce exits rig-moving business, grows Q3 revenue

    October 22, 2015 5:24PM by Truck News

    MONTREAL, Que. — TransForce grew revenue and net income in the third quarter and announced it is discontinuing its rig-moving division. Those assets will be sold or redeployed elsewhere, TransForce announced today in its earnings release. ”TransForce’s relentless focus on

  • 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