TFI International Acquires Gusgo Transport

Canada Cartage Acquires The GTI Group to Enter U.S. Market

November 27, 2023

Logistics & Distribution

Canada Cartage Corporation has entered into a definitive agreement to acquire The GTI Group, a Montreal-based logistics provider offering brokerage, freight management, forwarding, drayage, intermodal, warehousing and specialized heavy/oversize trucking. The deal expands Canada Cartage’s service capabilities and marks its first entry into the U.S. market, with GTI’s U.S. offices in Houston, Des Moines and Franklin, Tennessee; the combined company is expected to generate over C$1 billion in annual revenue.

TFI International Acquires Siemens Transportation Group and Hot Line Freight Systems

May 1, 2023

Transportation

TFI International announced it has agreed to acquire Siemens Transportation Group (STG) and has completed the acquisition of Hot Line Freight Systems to expand its Less-Than-Truckload (LTL) footprint across Canada and the United States. STG, a family-owned Saskatoon-based LTL operator with roughly C$150 million in annual revenue and 15 terminals, will remain managed by Doug Siemens; Hot Line, a Wisconsin-based specialized LTL provider with nearly 200 employees and 14 terminals, will be managed by Paul Burgmeier under TFI's LTL segment.

TFI International Acquires Toronto Tank Lines

February 19, 2019

Transportation

TFI International Inc. has acquired Toronto Tank Lines (TTL), a Hamilton, Ontario–based specialist in transporting and storing food-grade liquids, industrial chemicals, specialty oils and waxes. TTL will operate as a standalone business unit within TFI, adding tank storage, transloading and specialized liquid-freight capabilities to TFI’s North American tanker network.

GTI Transport Solutions Acquires Foxconn Logistics

April 21, 2022

Transportation

Novacap-backed GTI Transport Solutions has acquired Foxconn Logistics, an asset-light brokerage specializing in container management and drayage across major U.S. ports. The add-on expands GTI's intermodal and container capabilities and strengthens its north–south corridor coverage between Montreal and Texas.

TFI International Acquires Axsun Group

February 21, 2023

Logistics & Distribution

TFI International has acquired Axsun Group, a Montreal‑based provider of intermodal, drayage, freight brokerage and warehousing services. The acquisition strengthens TFI's logistics and intermodal capabilities across Canada and the U.S.; Axsun will continue to be led by President and CEO Steve Ramescu and join TFI’s Logistics segment.

GTI Transport Solutions Acquires Jetco

May 16, 2019

Transportation

GTI Transport Solutions Inc., a portfolio company of Novacap, has acquired Jetco, a Houston-based trucking and intermodal carrier. The acquisition—advised by Cleary Gull on behalf of Jetco—expands GTI's U.S. footprint, deepens its geographic reach in Texas and establishes a North–South corridor with GTI's Canadian operations; Jetco's CEO Brian Fielkow will remain in place.