Who owns TFI International?
TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. Who owns TFI International? Since the mid-1990s, the company’s main source of growth…
TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload.
Who owns TFI International?
Since the mid-1990s, the company’s main source of growth has been complete takeovers of smaller logistics companies many of which continue operating as subsidiaries. The company was founded by Reno and Réal Emond in 1957 as a regional trucking service in Cabano, Quebec. Cabano Transport expanded its operations mainly in Quebec and the Maritimes through a series of acquisitions.
In December 2016 the company changed its name to TFI International in a move it said “better reflects the increased geographic scope of its operations. This “increased geographic scope” was illustrated by the company’s 2016 reports which showed 53% of its business was in Canada and 47% was in the US.
TFI acquired third-party-logistics provider DLS Worldwide from U.S. company, R. R. Donnelley & Sons Company for US$225 million in November 2020. DLS was renamed TForce Worldwide and continued to operate from the former DLS headquarters in Bolingbrook, Illinois.
