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
Major flooding shuts down multiple St. Louis interstates
Heavy rainfall caused flash flooding in the St. Louis area on Tuesday, forcing the closure of...
By MEGA MISTAKES 2022-07-26 23:51:10 0 12K
Trucking News
Semi Truck Overturns Off Bridge in Hazel, Driver Hospitalized
A semi-truck driver was taken to Murray-Calloway County Hospital early Saturday morning after his...
By Truck Drivers Life 2025-07-14 16:04:49 0 3K
Trucking News
Four-wheeler’s miscalculation has trucker “shook”
A four-wheeler’s miscalculation while turning right at an intersection left one truck...
By MEGA MISTAKES 2024-04-11 16:32:10 0 9K
Trucking News
WATCH: Semi truck captures ODOT mower struck by four wheeler
A semi truck dash cam captured video of a four wheeler smashing directly into an Ohio Department...
By MEGA MISTAKES 2022-06-11 13:47:37 0 10K
Video
Baltimore Key Bridge collapse: vehicles fall into water after ship hits bridge
A major bridge in Baltimore in the US state of Maryland has snapped and collapsed after...
By MEGA MISTAKES 2024-03-26 11:10:33 0 18K
Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life