TFI International Inc.
Tfiinternational.svg

TFI International logo

Formerly
  • Transport Cabano (1985–1992)
  • Cabano-Kingsway (1992–1999)
  • TransForce (1999–2002;2008-2016)
  • TransForce Income Fund (2002-2008)
TypePublic
Industry
Founded1957; 64 years ago in Cabano, Quebec, Canada
FounderEmond brothers
Headquarters

Head office: Montreal, Quebec, Canada
Executive office: Etobicoke, Ontario

,

Canada

Number of locations

366 facilities:
  • 151 in Eastern Canada
  • 84 in Western Canada
  • 119 in the United States
  • 12 in Mexico

Key people

  • Alain Bédard (Chairman, President & CEO)
  • André Bérard (Corporate and Lead Director)
  • Lucien Bouchard (Board Member; Former Quebec premier)
  • David Saperstein (CFO)
RevenueIncrease US$3,484 million (2020)
Increase US$416 million (2020)
Increase US$275 million (2020)
Total assetsIncrease US$3,849 million (2020)
Total equityIncrease US$1,790 million (2020)

Number of employees

16,753 (2020)
Divisions
  • Package and Courier
  • LTL
  • Truckload
  • Logistics
SubsidiariesOver 80 including:
Websitetfiintl.com
Footnotes / references
[1][2]

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canadas largest LTL business,[3] largest trucking fleet,[4][5] and in 2021 was ranked 6th in terms of revenue among both LTL[6] and truckload[7] North American carriers.[8][9] Its trucking fleet consists of over 14,000 company-owned power units, nearly 10,000 owner-operator tractors, nearly 50,000 trailers and over 200 straight trucks.[10][11]

Since 1997,[12] the companys main source of growth has been complete takeovers of smaller logistics companies (over 180 between 1996 and 2020[13]) many of which continue operating as subsidiaries.[14]

History[edit]

Foundation and early history[edit]

The company was founded in 1957 as a regional trucking service in Cabano, Quebec. Particularly in its early years, the company went by a variety of names. It was incorporated in 1985 and known as Groupe Cabano dAnjou.[13]

In 1987, the company changed its name to Cabano Expeditex Group Inc. along with its acquisition of Groupe Brazeau Inc. from La Verendrye Management Corp. for CA$14.4 million and Expeditex Inc. for CA$12.5 million. Cabano had reported a profit of CA$1.7 million in 1986 but both Brazeau and Expeditex had been unprofitable. The purchases increased Cabanos fleet from 700 to 5,000 vehicles[15] making it the largest trucking company in Quebec and fourth-largest in Canada. Following the acquisitions, Cabano Expeditex focused on reducing debt shutting down 15 terminals by October 1987, had plans to shutter 4 more, and expected to reduce administrative staff at the new acquisitions by about 40% and unionized workers by about 10%.[16]

Cabano Expeditex was forced to restructure its finances under pressure in 1988 and the next year reported losses of CA$16 million. By 1990, however, it was recovering and reported a profit of CA$4 million for the 1990 fiscal year. In July, it acquired the general freight operations of Clarke Transport Routier for CA$2.9 million. This deal added 610 rolling stock units and 300-400 employees to Cabano Expeditexs existing 2,100 employees and 3,200 vehicles.[17] In December 1990 the company changed its name to Cabano Transportation Group.[13]

In 1992, Cabano acquired Ontario-based Kingsway Transports Ltd. and its US operations from Kingsways parent, Winnipeg-based Federal Industries Ltd. Following the purchase, Cabano changed its name to Cabano-Kingsway. The combined company operated 1,200 trucks, 3,400 trailers, and 63 service centers, and about 3,000 employees in eastern Canada and 19 northern US states. Cabano had been Canadas fourth largest trucking company but this deal meant it surpassed Reimer Express and TNT Canada to become the second largest after CP Express.[18]

Strategy shift[edit]

In 1997, Cabano Kingsway made significant management changes focused on operational efficiency and cost reductions. The company had been severely impacted by a strike in 1996 resulting in an earnings deficit. One key focus of the new management team was to reduce risk by diversifying its service offerings. Early acquisitions, therefore, were primarily intended to increase efficiency and grow new markets and services.[12]

By following their acquisitions strategy and divesting non-core assets, the company subsequently experienced a significant increase in revenue with a much lower increase in expenses. In 1999, it changed its name to TransForce Inc.[12]

In February 2000, TransForce acquired TST Solutions the parent of US and Canadian LTL carrier TST Overland Express. This purchase represented a significant increase to TransForces presence in the US. Post acquisition, TST continued to operate as an independent subsidiary.[19][20]

The company made major changes to its structure in 2002 when it converted itself into an income fund known as TransForce Income Fund.[21]

Diversification and expansion[edit]

Also in 2002, TransForce acquired Brampton, Ontario-based parcel-delivery company Canpar Courier. Canpar provides domestic services directly and cross-border services via interline agreements with other carriers and had been established in 1976 as a division of Canadian Pacific Trucks. By the time of its acquisition, Canpar operated 53 terminals and 1,000 vehicles and had reported revenues of approximately $150 million in 2001.[22]

Another significant purchase came in January 2004 when TransForce acquired the assets of Canadian Freightways from the recently bankrupt US trucking company, Consolidated Freightways. The deal was reported at CA$69.6 million plus assumption of debt worth CA$15 million. Canadian Freightways offered LTL, truckload, warehousing, brokerage, and other logistics services.[23] With acquisitions and organic growth, by 2005 TransForce was Canadas largest trucking company operating two dozen subsidiaries with a combined nearly 3,500 trucks and 9,000 trailers.[24]

TransForce again expanded its courier services in October 2007 with the purchase of ICS Courier and its parent Century II Holdings Inc. Founded in 1978 as Information Communication Services, Toronto-based ICS primarily focused on commercial shipments including parcel and document services and claimed 35,000 accounts, more than 1,300 employees and owner-operators, and 35 offices.[25]

In 2008, as part of a corporate restructuring, TransForce Income Fund changed its name back to TransForce Inc.,[26] the name it had used from 1999 to 2002.[21]

In November 2009, Transforce acquired the Retail Solutions Division of ATS Andlauer Transportation Services (ATS). The division focuses on the retail and supply chain sectors and was renamed TForce Integrated Solutions on January 1, 2014.[27]

TransForce expanded its energy services portfolio in 2010 when it acquired Speedy Heavy Hauling for US$32 million and a 19% equity interest in Speedys parent, Calgary-based EnQuest Energy Services. Speedy focused on the US market and was merged with TransForces prior US-based energy services acquisition, Hemphill Trucking, to form Hemphill-Speedy.[28]

US and further Canadian expansion[edit]

src=https://upload.wikimedia.org/wikipedia/commons/thumb/f/ff/Iconic_red_truck_in_front_of_the_building.jpg/220px-Iconic_red_truck_in_front_of_the_building.jpg

A semi truck belonging to TFI subsidiary CFI in front of CFIs Joplin, Missouri headquarters in 2017

TransForce moved into the US parcel market with its December 2010 acquisition of Dallas-based Dynamex (NasdaqDDMX) for US$248 million. The company provided parcel delivery and logistics services in both the US and Canada and had reported revenues of US$418 million in the fiscal year ending October 31, 2010. Dynamex would be renamed TForce Logistics.[29] Additional parcel expansion came in June 2011 when TransForce acquired the domestic Canadian business of DHL Express. The division would be operated as Loomis Express and continued to focus on domestic services while offering international services via an alliance with DHL Express.[30][31]

TransForce once again reorganized its energy services holdings in 2012 by consolidating its Canadian subsidiaries Kos Oilfield Transportation and Howards Transport with their US counterparts Hemphill-Speedy and I.E. Miller to form TForce Energy Services.[32]

A months long campaign by TransForce to acquire one of its largest rivals, Canadian truckload carrier Contrans Group Inc., and its subsidiaries for CA$495 million[33] completed successfully on January 15, 2015.[34][35] Contrans comprised 12 trucking companies primarily in the truckload and specialty truckload markets. Earlier in the year, Contrans as a whole was reported to have operated 1,493 tractors, 2,541 trailers, and 39 straight trucks. The same report showed TransForce with 3,774 tractors, 12,486 trailers, and 3,288 straight trucks across all divisions.[33] Most Contrans subsidiaries continued to operate as TransForce subsidiaries following acquisition.

By 2016, TransForce already had a large LTL presence in the US via a variety of acquisitions but their truckload market share increased significantly with the October purchase of XPO Logistics Truckload, the truckload division of US freight carrier and broker XPO Logistics. The purchase price was reported to be US$558 million. XPO had purchased US carrier Con-Way the previous year but didnt find its truckload division, Con-Way Truckload, to be a good fit for XPOs strategic direction.[36] TransForce renamed the division CFI, the original name of the company acquired by Con-Way which had been rebranded Con-Way Truckload.[37][38]

In December 2016 the company changed its name to TFI International in a move it said better reflects the increased geographic scope of its operations.[39][12][40] This increased geographic scope was illustrated by the companys 2016 reports which showed 53% of its business was in Canada and 47% was in the US.[41]

TFI acquired third-party-logistics provider DLS Worldwide from U.S. company, R. R. Donnelley & Sons Company for US$225 million in November 2020.[42] DLS was renamed TForce Worldwide and continued to operate from the former DLS headquarters in Bolingbrook, Illinois.[43]

UPS Freight acquisition[edit]

src=https://upload.wikimedia.org/wikipedia/commons/thumb/e/e3/UPSIntl4000.jpg/220px-UPSIntl4000.jpg

UPS Freight straight truck. UPS Freight was acquired by TFI in 2021 and renamed TForce Freight.

In January 2021, TFI agreed to purchase UPS LTL and truckload subsidiary UPS Freight for US$800 million.[44] At the time, the acquisition was the second largest deal in North American trucking history after the 2017 merger of Swift Transportation and Knight Transportation and made TFI one of the largest trucking companies in North America.[45]

UPS Freight had been formed in 2005 when UPS acquired LTL carrier Overnite Transportation and its subsidiary Motor Cargo for US$1.25 billion.[44] In the purchase UPS expected to find synergies between the LTL services of Overnite and UPS core package services. The move was also a bid to head off rival FedEx[46] which had recently expanded into LTL via a series of acquisitions.[47] However, for UPS the expected synergies did not materialize to the extent expected and the company decided to sell off its freight business and refocus on small package services.[48][49]

The TFI acquisition of UPS Freight was completed in April 2021 and nearly doubled TFIs size to US$6.5 billion in annual revenue.[50] The divisions core LTL services were rebranded TForce Freight and would continue to operate out of the carriers Richmond, Virginia headquarters. The smaller truckload business, representing about 10% of revenues, would be transferred to TFIs other US truckload companies.[48][51] TFI announced plans to invest US$50 million to US$75 million into the new division for fleet upgrades including replacing about 1,000 trucks as well as price renegotiations with customers.[45]

Business segments and divisions[edit]

Truckload (41 divisions)[52]

Specialized

  • BTC East
  • BTC West
  • Coastal Transport
  • Contrans Flatbed Group
  • Contrans Tank Group
  • Contrans Vrac
  • Driving Force Decks
  • Durocher International
  • Fleetway
  • GBT
  • GHL Transport
  • Golden International
  • Gusgo
  • JAF
  • JAG
  • Kingsway Bulk
  • Laidlaw Carriers Bulk
  • McArthur Express
  • Mirabel Logistic
  • Nordique
  • P&W Intermodal
  • Piston Tank
  • Procam International
  • Quiktrax Intermodal
  • TF Truckload & Logistics
  • Timeline Logistic
  • Tombro
  • Trans2D Logistics
  • Tri-Line Carriers
  • TST Expedited
  • TTL
  • Westfreight Systems
  • Winalta

Conventional

  • Besner
  • CFI
  • Couture
  • JCG
  • Laidlaw Carriers Van
  • Papineau International
  • TF Dedicated Logistics
  • Transport America

Logistics (22 divisions)[53]

  • AC Logistics Canada
  • Cavalier Logistics
  • CFI Logistica
  • CFI Logistics
  • CK Logistics
  • Clarke North America
  • Cornerstone Logistics
  • Craler
  • DSN Chemical Transportation
  • E&L Logistics
  • FreightLine
  • Guardian Medical Logistics
  • Logikit
  • Patriot Freight Services
  • Quik X Logistics
  • SAF Logistics
  • St-Lambert
  • Stream Logistics
  • TForce Logistics
  • TForce Logistics Canada
  • TForce Premier Distribution
  • TForce Worldwide

Less-than-truckload (12 divisions)[54]

Over-the-road

  • Cavalier
  • Excel Transportation
  • La Crete Transport
  • McMurray Serv-U Expediting
  • Normandin
  • Quik X Transportation
  • TForce Freight (formerly UPS Freight)
  • Tripar Transportation
  • TST-CF Express

Intermodal

  • Clarke Transport
  • National Fast Freight
  • Vitran

Package and courier (4 divisions)[55]

  • Canpar Courier
  • ICS Courier
  • Loomis Express
  • TForce Integrated Solutions

Operations & financial performance[edit]

Ambox

This section needs to be updated. Please help update this article to reflect recent events or newly available information. (August 2021)

src=https://upload.wikimedia.org/wikipedia/commons/thumb/a/a1/ICSCourierVan.jpg/220px-ICSCourierVan.jpg

For the 2010 year, overall revenue increased slightly (8.4%) but LTL revenue decreased 5.9% (because of lower prices and the stronger Canadian dollar); the companys takeover of ATS Retail Solutions together with an agreement signed by Canpar with the Ontario government, improved results for the package-courier business.[56]

In December 2010 it entered the US market by acquiring Dallas based Dynamex with a $248 million takeover offer. In the 12 months leading up to October 31, 2010 Dynamex made $418 million in revenue (about a quarter as much as TFI International).[29] Even though TFI International cut its trucking fleet by 100 power units in 2010 revenue didnt fall, the result of improved equipment efficiency.[56][57][58]

In 2011 TFI Internationals adjusted profit (excludes the effects of derivatives and foreign exchange rates) was $102.5 million (up 43%) on revenue of $2,690.53 million (up 34%, for the 4q revenue up 46%, profit up 63%).[59][60] Newly acquired Dynamex and Loomis Express contributed revenues of $202 million for TFI International in 2011. They accounted for virtually all of the change in fourth quarter sales and $608 million of the $688 million increase over the year.

For 2012, all of the revenue growth came from the package and courier segment attributable to newly acquired Dynamex (1q2011) and Loomis Express (2q2011); the existing customer base experienced lower shipping volumes.[61] In 2012 each business unit contributed the following to total revenue (before eliminations): Package and Courier 36.5% (2011 35.3%, 2010 19.2%), Less-Than-Truckload 20.4% (2011 18.4%, 2010 26.2%), Truckload 19.0% (2011 22.7%, 2010 29.6%), Specialized Services 24.0% (2011 23.6%, 2010 25.6%).[59] Top customers contributed 55% of total revenue between January and June 2011; They are involved in the retail (21%), energy (18%), services (12%), automotive (8%), waste management (6%), metals & mining (6%) and forestry (5%) industries.[62] 56.5% of business comes from Canada, 43.1% USA, 0.4% Mexico.[63]

In 2017, each business unit contributed the following to total revenue : package and courier 28% (vs 34%), Less-Than-Truckload 19% (vs 20%), Truckload 46% (vs 40%), Logistics 7% (vs 6%). Main competitors are Purolator Courier Ltd., UPS and Fedex (international), Nationex and Dicom (regional), Day & Ross Inc. (LTL) and Manitoulin Transport Inc, Challenger Motor Freight Inc. and SGT 2000 Inc.; and C.H. Robinson. In 2017 3882 employees were added through business acquisitions.[64]

Notable members of the TFI board include former president, CEO, and chairman of the National Bank of Canada André Bérard, former founder and president of CF Montréal Joey Saputo, and former journalist and National Assembly of Quebec member Richard Guay.[65] From 2007 to August 2021 Lucien Bouchard was a member of TFIs board. Bouchard had held a number of senior political positions in Canada including Secretary of State, Premier of Quebec, and Ambassador to France.[66]

Acquisitions[edit]

Since 1997,[12] TFIs primary growth strategy has been through acquisitions having acquired over 180 companies between 1996 and 2020.[13] These include a number of major transportation-related investments and dozens of tuck-in acquisitions intended to complement existing operations.[14] TFI gives most subsidiaries (which are largely former independent companies) a certain level of autonomy. That allows each subsidiary to continue to cater to different regional markets and segments as a specialized interest. TFI International then uses its influence and cash flow to help increase the capacity of each subsidiary (like it did in 2010 when its purchase of a 52-door cross dock terminal in Calgary tripled the capacity of TST Overland and expanded its shipping network).[67]

No. Company Services Location Acquired on Acquired for Disposition Ref.
1
  • Divisions of Logistec Corp.
    • Logistec Trucking
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Montreal, Quebec 1978 [68]
2
  • Subsidiary of La Verendrye Management
    • Brazeau
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 1987 CA$14.4 million [15]
3 Expeditex src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 1987 CA$12.5 million [15]
4
  • General freight operations of Clarke Transport Routier
    • Clarke Transport
    • Norway Transport
    • Chicoutimi Transport
    • Cho Bo and Beauce Express
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 1990 CA$2.9 million [17]
5
  • Divisions of Federal Industries
    • Kingsway Transports Ltd.
    • Kingsway Transports Inc.
LTL 1992
  • Merged with Cabano to become Cabano-Kingsway
  • In 1999 Cabano-Kingsway renamed TransForce
[69]
6 Thompsons Transfer Company 1997 [12]
7 Transport Super Rapide 1998 [12]
8 Entreprises de Transport J.C.G. Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada March 1998 [13]
9 Transport LeBon Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 1998
  • Merged with TransForces bulk cargo division to form Kingsway Bulk in 2001
[50]
10
  • Groupe Papineau
    • Papineau International Transport
Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada October 1998 [13] [12]
11 Transport M. Courchesne 1998 [12]
12 Raynald April 1998 [12]
13 Transport Nordique 1999 [12]
14 Transport R Mondor 1999 [12]
15 Enterprises Yves Labonte 1999 [12]
16 Transport McGill 1999 [12]
17 Transless 1999 [12]
18
  • TST Solutions
    • TST Overland Express
    • TST Expedited Services
    • three additional subsidiaries
  • LTL
  • Specialty Transport
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Mississauga, Ontario March 2000 CA$85 million
  • Independent subsidiary (2000-2020)
  • Merged with TFI subsidiary Canadian Freightways to form TST-CF Express in 2020
[19] [20]
19 DCA Express 24 2000 [12]
20 Distribution de Colis les Appalaches 2000 [12]
21 Enterprises RR Mondor 2000 [12]
22 Retex Transport Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec City, Quebec June 2002 CA$5 million [70] [71]
23 Canpar Transport Parcel src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Mississauga, Ontario July 2002 CA$39.5 million [23] [22]
24 Transport Mirald Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Boucherville, Quebec 16 August 2002 [72]
25 Transport Forestville Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec City, Quebec 26 February 2003 [73]
26
  • LTL
  • Truckload
  • Logistics
  • Fleet management
  • Customs brokerage
  • Warehousing
  • International freight forwarding
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Calgary, Alberta January 2004 CA$69.6 million
  • Independent subsidiary (2004-2020)
  • Merged with TFI subsidiary TST Overland Express to form TST-CF Express in 2020
[23] [76] [20]
27 Transport S.A.S. src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Drummondville, Quebec 2004 [77]
28 Transport George Lacaille src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 2004 [77]
29 Transpel Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Boucherville, Quebec May 2004 [77]
30 Highland Transport Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Toronto, Ontario October 2004
  • Shut down by TFI in 2019
[78]
31 Services Matrec Waste Management February 2005 [13] [79]
32 Porter Trucking src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Calgary, Alberta 15 February 2005 [80]
33 Groupe Grégoire Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Plessisville, Quebec 5 May 2005 [24]
34 Rebel Transport Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Edmonton, Alberta 5 May 2005 [81]
35 Kos Corp. Oilfield Transportation Rig-moving src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Drayton Valley, Alberta 2006
  • Independent subsidiary (2006-2012)
  • June 2012 merged with other TFI subsidiaries to form TForce Energy Services
[82] [32]
36 Hemphill Trucking Rig-moving src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Grand Junction, Colorado 2006
  • Independent subsidiary (2006-2010)
  • Acquired assets of Speedy Heavy Hauling and changed name to Hemphill-Speedy (2010-2012)
  • June 2012 merged with other TFI subsidiaries to form TForce Energy Services
[13] [28] [32]
37 Howards Transport Services Rig-moving src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 2006
  • Independent subsidiary (2006-2012)
  • June 2012 merged with other TFI subsidiaries to form TForce Energy Services
[83] [32]
38 Streeper Contracting Rig-moving 2006 [13]
39
  • Century II Holdings
    • Information Communication Services DBA ICS Courier
Courier src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Toronto, Ontario 31 October 2007 [25] [13]
40 Location Beaudry
  • Equipment leasing
  • Staffing
2007 [13]
41 Les Consultants en Personnel Logipro
  • Equipment leasing
  • Staffing
2007 [13]
42 MTC Agence de Personnel
  • Equipment leasing
  • Staffing
2007 [13]
43
  • Division of ATS Andlauer Transportation Services
    • Retail Solutions
Customized Freight 19 November 2009
  • Independent subsidiary as TForce Integrated Solutions
[27]
44 Thibodeau Group
  • Truckload
  • LTL
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Portneuf, Quebec November 2007 [84]
45 GHL Transport Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Anjou, Quebec 2008 [50]
46 Kingsway Alimentaire Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Anjou, Quebec 2008 [50]
47 Centre de Mécanique Henri Bourassa (CMHB) Tank repair and maintenance src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Anjou, Quebec 2008 [50]
48
  • Subsidiaries of EnQuest Energy Services
    • Speedy Heavy Hauling[a]
    • Other small, US subsidiaries
Rig-moving src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA 2010 US$32 million
  • Assets absorbed by TFI subsidiary Hemphill Trucking which was renamed Hemphill-Speedy
[28]
49 Concord Transportation
  • LTL
  • Truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Toronto, Ontario August 2011 CA$10 million[b] [85]
50 Dynamex Same-day parcel delivery src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA Dallas, Texas December 2010 US$248 million
  • Independent subsidiary as TForce Logistics
[86] [87]
51 IE Miller Services[c] src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA 30 November 2011 [88]
52 Pedersen Transport
  • LTL
  • Truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Alberta December 2011 [citation needed]
53 Domestic business of DHL Express Canada Parcel src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada 2011 US$25 million
  • Independent subsidiary as Loomis Express.
[30] [31]
54 Quik X Transportation LTL Intermodal src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Mississauga, Ontario January 2012 [87]
55
  • Subsidiaries of Clarke Inc.
    • Clarke Transport
    • Clarke Road Transport
  • LTL
  • Intermodal LTL
  • Truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada January 2014 CA$88 million [89]
56 Vitran Corporation
  • LTL
  • Intermodal LTL
  • Truckload
[d]
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada Toronto, Ontario March 2014 CA$136 million[d] [90]
57
  • Subsidiary of Hazen Transport
    • Hazen Final Mile
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA May 2014 [91]
58 Transport America Truckload 2014 [13]
59
  • Contrans Group Inc.
    • Archer Trucking
    • Glen Tay Trucking
    • Laidlaw Carriers Tank
    • Peter Hodge Transport
    • Tri-Line Carriers
    • Brookville Carriers
    • Contrans Flatbed Group
    • Laidlaw Carriers Bulk
    • S&S Enterprises
    • Laidlaw Carriers Van
    • Tripar Transportation
    • Cornerstone Logistics
  • Truckload
  • Specialty Truckload
  • Logistics Management
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Woodstock, Ontario 11 November 2014 CA$495 million
  • Most subsidiaries continued independent operations as TransForce subsidiaries
  • Archer, Glen Tay, and Laidlaw Tank were merged with Keith Hall, Canadian Bulk Carriers (CBC), and Future Transportation to form TFI subsidiary Contrans Tank Group
[92] [33] [34] [35] [93] [50]
60
Truckload src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Joplin, Missouri October 2016 US$558 million
  • Independent subsidiary as CFI.[e]
[36] [38] [37]
61 Villeneuve Tank Lines Specialty truckload 2017
  • Merged with Brasseur Transport to form Contrans Vrac
[50]
62
  • Medical Same-Day Parcel
  • Expedited Trucking
  • Warehousing
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA 13 January 2017
  • Division of Dynamex as TForce Critical
[94]
63 Cavalier Transportation Services
  • LTL
  • Brokerage
  • Warehousing
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Bolton, Ontario 28 January 2017 [95]
64 Les enterprises Dupont Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Montreal, Quebec 28 May 2017 [95]
65 Premier Product Management Household appliance delivery src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, California 31 October 2017 [95]
66 Normandin Transit
  • LTL
  • Truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 3 April 2018 [96]
67 Brasseur Transport
  • Liquid bulk truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 1 May 2018
  • Merged with Villeneuve to form Contrans Vrac
[96] [50]
68 Timeline Logistic
  • Oil and Gas
  • Forestry
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Saskatchewan 1 July 2018 [96]
69 Gorski Bulk Transport
  • Tank truck transport
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Ontario 1 October 2018
  • Independent subsidiary, now GBT
[96] [50]
70 Double-D Transport
  • Oversized freight
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Ontario 1 November 2018 [96]
71 SAF Transport
  • Specialty truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 21 November 2018 [96]
72 A. Beaumont Transport
  • Specialty truckload
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 1 December 2018 [96]
73 Hughson Trucking[a]
  • Oil and Gas
  • Forestry
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Alberta 4 December 2018 [96]
74 Cole Carriers Corp.[a]
  • Supply Chain Management
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Ontario 14 December 2018 [96]
75 Toronto Tank Lines (TTL) Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Ontario 15 February 2019 [97]
76 Schilli Corporation Specialty truckload src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Missouri 22 February 2019
  • Independent subsidiary
  • Renamed Bulk Transport Co. East (BTC East) in September, 2019
[97]
77 Les Services JAG Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 19 March 2019 [97]
78
  • Aulick Leasing Corp.[f]
    • ShirAul
  • Specialty truckload
  • Equipment manufacture
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Scottsbluff, Nebraska 1 April 2019
  • Independent subsidiary later renamed Bulk Transport Co. West (BTC West)
[98] [41] [99]
79
  • BeavEx
    • Guardian Medical Logistics
    • JNJW Enterprises
    • USXP
  • Final-mile delivery
  • Home delivery
  • Distribution
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA 27 April 2019 US$7.2 million [97]
80 Piston Tank Corporation Specialty truckload src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Missouri 14 June 2019
  • Merged into BTC East
[97] [50]
81 AT Group US Logistics[a]
  • Final-mile delivery
  • Logistics
  • Brokerage
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Georgia 7 August 2019 [97]
82 Craler Inc. Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Quebec 22 August 2019 [97]
83
3PL src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Bolingbrook, Illinois 2 March 2020 US$225 million
  • Independent subsidiary as TForce Worldwide
[42] [43]
84
  • Gusgo Transport
    • Seatainer Transport
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Toronto, Canada 17 June 2020 [100]
85 - 87
  • Divisions of Comcar Industries
    • MCT Transportation[a]
    • CT Transportation[a]
    • CCC Transportation[a]
  • Specialty truckload
  • Logistics
  • 25 June 2020
  • 26 June 2020
  • 8 September 2020
US$34.6 million[g]
  • Merged into BTC East
[75] [74] [101] [102]
88 DSN Chemical Transportation Logistics 16 July 2020 [13]
89 Keith Hall & Sons Transport Limited Specialty truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Burford, Ontario 31 July 2020
  • Merged into Contrans Tank Group
[103] [50]
90 TBM Logistics Specialty truckload 18 September 2020 [13]
91 Desrosiers Transport[a] Specialty truckload 1 October 2020 [13]
92
  • Division of Grammer Logistics
    • Grammer Dry Bulk
Logistics src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Bolingbrook, Illinois October 2020
  • Merged into BTC East
[104]
93 Freightline Carrier Systems Logistics 31 October 2020 [13]
94 Excel Transportation Group LTL 29 November 2020 [13]
95 Fleetway Transport Truckload src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Brampton, Ontario 1 February 2021
  • Independent subsidiary
[105] [106]
96 Michel Charbonneau Specialty truckload January 2021
  • Merged into Kingsway Bulk
[50]
97 Transport Bergeron Specialty truckload January 2021
  • Merged into Kingsway Bulk
[50]
98
  • Division of UPS
    • UPS Freight
  • LTL
  • Truckload
src=https://upload.wikimedia.org/wikipedia/en/thumb/a/a4/Flag_of_the_United_States.svg/23px-Flag_of_the_United_States.svg.png USA, Richmond, Virginia April 2021 US$800 million [48] [51]
99 Procam International
  • LTL
  • Specialty truckload
  • 3PL
  • Warehousing
src=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d9/Flag_of_Canada_%28Pantone%29.svg/23px-Flag_of_Canada_%28Pantone%29.svg.png Canada, Laval, Quebec June 2021 [107]
  1. ^ a b c d e f g h i This was an asset-only purchase where TFI acquired the majority of the assets of the company but not the company itself.[28][74][75][23]
  2. ^ Purchase price included $2 million in company shares. Prior to acquisition, Concord had annual revenues of $35 million, 96 employees and offices in Illinois, California and Washington in addition to Western Canada.[85]
  3. ^ Prior to acquisition the company, founded in 1936, operated eight terminals in Texas, Louisiana, Oklahoma, North Dakota and Colorado with a workforce of approximately 400. It was a former subsidiary of Complete Production Services.[88]
  4. ^ a b By November 2013, TransForce owned approximately 19.95% of Vitrans shares and had signed a lock-up agreement that would require Vitran to sell to TransForce if it made an offer.[89] Vitran agreed to be acquired by Manitoulin Transport Inc. in December 2013 but reversed its decision and accepted the TransForce offer in January.[90] When acquired, Vitran had already sold its Supply Chain Operation (SCO) unit to 3PL Legacy Supply Chain Solutions in March 2013 and its US LTL business in October.[90]
  5. ^ a b This unit included the former Con-way Truckload operations which XPO had acquired in 2015. Con-way Truckload was the rebranding of Contract Freighters Inc. (CFI) following Con-ways 2007 purchase of that carrier.[36][37]
  6. ^ TFI did not acquire Aulick Leasings other subsidiaries: Aulick Industries, Aulick Air, Tow-Aul & Recovery, and Stor-Aul.[41]
  7. ^ Total of US$34.6 million includes US$12.8 million for MCT, US$15 million for CT, and US$6.8 million for CCC. Each was completed as a separate transaction.[75][74][101]

External links[edit]

References[edit]

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