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.



Search
Sponsored
Categories
Read More
Trucking News
‘Absolutely NOT’ — FMCSA slapped with over 700 comments on plan to mandate electronic ID technology for CMVs
Hundreds of people have provided the Federal Motor Carrier Safety Administration (FMCSA) with an...
By MEGA MISTAKES 2022-10-10 15:27:07 0 18K
Video
VIDEO: Truck hauling shingles topples while taking a turn, load shift suspected
A Facebook user captured the moment that a semi truck flipped onto a concrete barrier while...
By MEGA MISTAKES 2021-09-11 22:09:51 0 12K
Trucking News
Dense Fog Sparks 59-Vehicle Pileup Closing Both Directions of Highway 99 Near Earlimart as Tulare County Warns “Do Not Rely on Automatic Headlights”
TULARE COUNTY, Calif. — A major chain-reaction crash involving dozens of vehicles forced...
By Truck Drivers Life 2026-02-01 21:05:18 0 2K
Trucking News
$19K fine issued for overweight violation, truck driver arrested hours later for defying out-of-service order
Police in Oregon issued a large fine for an overweight violation and then arrested a truck driver...
By MEGA MISTAKES 2024-04-18 09:42:55 0 17K
Trucking News
Majority stake of 800 truck cross-border carrier acquired by Fastfrate Group
A Canadian transportation company announced the acquisition of a majority stake in Challenger...
By MEGA MISTAKES 2022-06-17 15:52:31 0 13K
News | Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life