TFI acquires family-owned LTL carrier with 210 trucks

0
10K

On Monday, logistics company TFI International announced the acquisition of a family-owned LTL carrier with headquarters in California and Canada.

 

In a March 11 statement, TFI announced the addition of US-to-Canada cross-border transportation company Hercules Forwarding, Inc. to TFI’s LTL business segment.

Terms of the acquisition were not disclosed.

 

Hercules Forwarding operates 210 trucks and nearly 600 trailers, generating $100 million in revenue annually. The company operates out of 31 terminals.

Hercules president, Marty Burnham and CFO, Melanie Burnham will join the TFI International team.

Family-owned Hercules Forwarding was founded in 1985. The company has headquarters in Vernon, California and New Westminster, B.C.

“This bolt-on acquisition fortifies our US LTL portfolio while adding cross-border LTL into Canada, creating a partner for our Canada-to-US shipments while offering synergy opportunities on both sides of the border,” stated Alain Bédard, Chairman, President, and Chief Executive Officer of TFI International. “Hercules’ impressively low claims ratio and skill at serving multiple premium freight markets moving high-value cargo across the US and Canada aligns well with our focus and operating philosophy. We are pleased to welcome Marty, Melanie, and the entire Hercules team to the TFI International family.”

Late last year, TFI announced the acquisition of flatbed carrier Daseke, Inc. for an enterprise value of $1.1 billion.

Buscar
Patrocinados
Categorías
Read More
Trucking News
VIDEO: Someone got a kitchen, a toilet, and a shower into this Volvo
Take a video tour of a custom Volvo truck tricked out with all of the comforts of home, including...
By MEGA MISTAKES 2022-06-13 11:18:06 0 13K
Trucking News
California Plan to Reissue Immigrant Commercial Driver’s Licenses Stalls After Federal Regulators Say State Lacks Authorization
SACRAMENTO, CALIFORNIA — Thousands of immigrant drivers whose commercial driver’s...
By Truck Drivers Life 2025-12-20 18:11:50 0 2K
Trucking News
Texas town bans big rig street parking city-wide
This week, the city of College Station, Texas, approved an ordinance banning big street parking...
By MEGA MISTAKES 2024-04-03 14:36:30 0 10K
Trucking News
Cab ripped in half in double semi wreck
The cab of a semi truck was ripped in half in a wreck with another rig in Connecticut on Saturday...
By MEGA MISTAKES 2022-05-18 13:24:41 0 13K
Trucking News
VIDEO: Can you understand this old school trucker’s story?
A driver known as “Mother Goose” tells you about her day in a way that only a trucker...
By MEGA MISTAKES 2022-06-12 13:31:01 0 11K
News | Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life