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 in the process.
Fred Zweep, Vedder president, joins TFI International’s specialized truckload business segment.
Vedder, founded in 1956, has headquarters in Abbotsford, B.C., and was one of the first companies in Western Canada to ship food-grade liquids in tanker trucks, TFI International notes. The fleet now operates from B.C. to Manitoba, and has more than 155 tractors, nearly 300 trailing units, a food grade wash rack, railcard transload and warehousing, and maintenance and repair facilities.
Vedder generates more than $80 million in annual revenues.
“For many years TFI International has been a leading provider of reliable, safe, and cost-effective tank truck services to the liquid and dry bulk food grade market in Eastern Canada. With the acquisition of Vedder, we add the premier provider of such services in Western Canada along with a network of strategically located facilities,” TFI International chairman, president and CEO Alain Bedard said in a press release.
“We extend a warm welcome to Fred, to Larry Wiebe whose family started the business in 1956 and who remains an advisor, and to their many colleagues throughout the Vedder organization, and we look forward to watching their future success under the TFI International umbrella.”
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There will be many furrowed brows in Abbotsford this morning. The only constant is change. Just ask the old timers from Porter, Byers, etc.
Vedder equipment has always been a clean organized company
TFI is off course becoming the major player in this new economy
Congratulations to TFI
Vedder a class trucking operation equipment always very presentable similar to safeway stores equipment for years, until taken over by canada cartage with low wage’s and few professional drivers
Reading this I can’t help but feel bad for all the men and women at Vedder. Every Vedder truck I see on the road looks well maintained, clean, and eye catching. Every TFI truck I see now is a dilapidated international Prostar with the same incredibly boring ‘design’ on the company name. If they take the same approach they did with Loomis, Byers, etc then this is an end of an era, and it’s sad.
I can hear the weeping in Abbotsford all the way over here on Vancouver Island. Changes are coming. Think back to Byers, Porter, etc. Some folks can’t resist the urge to ring the register, again.