TransForce has acquired the assets of Trucking Unlimited, which operates Truckdrivingjobs.com, a job board that matches motor carriers with truck drivers.
Transportation and logistics company TransForce announced that it intends to change its corporate name to TFI International to reflect the increased geographic scope of its operations.
Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.
XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.
The deal is the latest of a number of investments Manitoulin has made in Western Canada in recent years to build its offerings and coverage in the region.
TransForce CEO Alain Bédard said the Montreal-based company will spin-off the truckload business, possibly in 2015, followed by the waste division, which includes landfills, possibly a couple years later.
Canada’s largest trucking firm, TransForce, has offered to buy fellow top Canadian carrier Contrans for about CA$495 million in cash.
TransForce says the transaction will provide the Quebec-based carrier with critical mass in the U.S. truckload sector.
Shareholders of the less-than-truckload carrier Vitran have approved an earlier announced sale to fellow Canadian trucking operation TransForce.
TransForce Inc. has acquired Best Drivers based in Alcoa, Tenn. Best Drivers provides commercial truck drivers throughout the southeastern U.S., with operations in Tennessee, North Carolina, South Carolina, Florida, Georgia, Mississippi, Kentucky, and Alabama.
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