TFI

TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers.  As of late July, Montreal-...

TFI International's dramatic improvement to the profitability of the former UPS Freight (NYSE: UPS) business came as the Canadian company began confronting the "low-hanging fruit" of the LTL carrier's unprofitable freight and shippers, CEO Alain Bedard said.  "We just scratched the surface,"...

The bidding frenzy at the end of last week for the sale of flatbed hauler CT Transportation by Comcar ended up with Bulk Transport Company East winning the battle. Bulk, a TFI subsidiary, put in a late bid on June 18 for $15 million. Documents filed with the federal Bankruptcy Court in Delaware...

Shares of TFI International (NYSE: TFII) surged on the New York Stock Exchange Thursday morning after Canada's largest transportation company began its U.S. initial public offering.  Trading under the symbol TFII, the stock traded more than 7% above the $33.55 offering price after CEO Alain Bedard...

TFI International (TSX: TFII) received approval Tuesday morning to list its shares on the New York Stock Exchange (NYSE) as the Canadian transportation company revealed the pricing of its forthcoming U.S. initial public offering, which suggests a nearly $200 million target. The NYSE's approval...

Canada's largest transportation company, TFI International (TSX: TFI), plans to tap into the U.S. capital markets with a 6 million-share offering and listing on the New York Stock exchange. Proceeds from the the U.S. offering, announced Monday after the company released its fourth-quarter...

TFI International (TSX: TFI) reported essentially flat fourth-quarter results Monday as its truckload and logistics businesses helped the Canadian firm power through a weak freight market.  TFI earned C$76.5 million in net income, or adjusted earnings per share of C$0.95, on revenue of C$1.3...

  TFI International's acquisition assets of the bankrupt courier BeavEX will "be like a shot in the arm" to its last-mile business in the U.S., CEO Alain Bédard told analysts. "This is going to be highly accretive to U.S. last-mile operations. It will drive up...

  TFI International (TSX:TFII) has purchased U.S. specialized carrier Aulick Leasing and its affiliated trailer manufacturer, ShirAul, the Canadian transportation company announced today. Nebraska-based Aulick has 120 tractors and 300 trailers that operate out of four terminals. It offers...