TFI encouraged by U.S. truckload gains

MONTREAL, QC - TFI International believes recent improvements in the U.S. truckload market will allow it to increase contract renewal rates through 2018.

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.

CN, TFI International expand partnership

MONTREAL, QC - CN, and TFI International will continue to develop domestic intermodal business in Canadian markets under an agreement announced last week.

IN PRINT — Top Trends: Issues that are reshaping Canada’s biggest carriers

Meyers Transport is gone. After 90 years in -business, and decades on Today's Trucking's Top 100 list of Canada's largest for-hire carriers, the -eastern Ontario fleet shut its doors in mid-January. High capacity and aggressive rate cutting in the Less-than-Truckload (LTL) sector were blamed along with a general downturn in the region's industrial activity. "It is sad to think there won't be any trucks and trailers going up and down the road with 'Meyers' on it anymore," observed chairwoman Natalie Meyers, part of the fourth generation in the family business. The family's Mortrans truckload and dedicated -specialty service continues, as does Mosaic Logistics, but 190 people lost their jobs.