Normandin Transit sells to TFI International
MONTREAL, Que. – TFI International has purchased Normandin Transit, one of the highest-profile fleets in Quebec. The Napierville operation had grown to 300 tractors and 1,000 trailers since being founded in 1988, and offered LTL and truckload services across North America. It will now run as a unit within TFI’s LTL operating segment but will continue to be led by siblings Danielle and André Normandin.
The Top 100: Ranking Canada’s largest for-hire fleets
TORONTO, Ont. – The Today’s Trucking Top 100 has become the definitive ranking of for-hire fleet sizes in Canada, offering insights into those who are adding or retracting available capacity. And the 2018 edition has been released. Rankings are based on a sum of supplied truck, tractor, and trailer counts (shown at the bottom of each listing)
Orr, Hinz to take the helm at CFI
JOPLIN, MO – Greg Orr will be taking the helm at CFI. The full-truckload carrier and division of TFI International promoted Orr today, while moving Michael Hinz into the role of senior vice president of sales & operations. “Greg has been the driving force behind many of our recent accomplishments, and bringing Michael to CFI further supports our efforts to create a world class leadership team,” stated Greg Rumble, Chief Financial Officer of TFI.
TFI to sell, lease back four properties
MONTREAL, QC - Pure Industrial Real Estate Trust (PIRET) will buy and lease back four TFI International properties, Canada's largest fleet has announced. The $135.7-million deal includes two facilities in Montreal, and another two in Toronto, and represents less than 20% of the net book value of TFI's real estate portfolio. "This transaction underlines our continuous efforts to unlock shareholder value," said Alain Bédard, chairman, president, and Chief Executive Officer of TFI International. "Through this sale, we believe TFI has realized market value for these real estate assets.
Slow U.S. truckload business dampens TFI results
MONTREAL, QC - TFI International remains "cautiously optimistic" about the North American economy because of low unemployment, healthy consumer spending, and a bit of a rebound in energy-related investments, says Alain Bedard, chairman, president and Chief Executive Officer. The company just doesn't expect any significant improvement before the end of the year.
Dynamex, Hazen Final Mile renamed TForce Final Mile
MONTREAL, QC - TFI International has announced today it's renamed Dynamex Canada, Dynamex U.S. and Hazen Final Mile as TForce Final Mile. The businesses are part of TFI's Package and Courier division, and generated $1.3 billion in 2016.