TFI International Acquires Hercules Forwarding

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 Keystone Western

December 3, 2024

Logistics & Distribution

TFI International has acquired Keystone Western, a Manitoba-based asset-based logistics provider specializing in truckload and less-than-truckload (LTL) services across Canada and the United States. Founder and CEO Norm Curtis sold the company to TFI; Keystone Western will gain access to TFI's resources, expanded equipment and a broader North American network.

TFI International Acquires JHT Holdings

August 7, 2023

Logistics & Distribution

TFI International agreed to acquire JHT Holdings, an asset-light North American logistics and transportation provider that specializes in transporting Class 6-8 trucks from OEMs to dealers and end customers. JHT, based in Pleasant Prairie, Wisconsin, operates a 25-terminal network (8 owned), generates more than US$500 million in annual revenue, and is expected to close in the third quarter subject to customary adjustments.

TFI International Acquires CMW Express and FRL Express

August 14, 2024

Logistics & Distribution

Montreal-based TFI International has acquired two Canada-based carriers, CMW Express and its sister company FRL Express, expanding its TL and LTL footprint across Quebec, the Maritimes, Ontario and the eastern U.S. Terms were not disclosed; the deals are described as tuck-in add-ons as TFI continues a spree of smaller regional acquisitions while integrating prior larger deals.

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.

TFI International Acquires Keith Hall & Sons

July 31, 2020

Transportation

TFI International acquired Keith Hall & Sons Transport, a Burford, Ontario-based family-owned trucking company that specializes in food-grade liquid and dry goods transport. The acquisition expands TFI’s specialized truckload and food-grade transportation capabilities and is expected to generate synergies across its North American truckload operations.