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TFI weighs U.S. nonunion LTL acquisition
['Keiron Greenhalgh']
Transport Topics
(TFI International)Key Takeaways: TFI International said July 27 it plans to expand U.S. nonunion less-than-truckload operations and is evaluating a roughly $142 million carrier acquisition.
TFI International plans to expand its U.S. nonunion less-than-truckload operations, including through acquisition, executives said.
The majority of TFI’s LTL operations encompasses the unionized TForce Freight fleet in the United States.
“We have a very small nonunion LTL business today in the U.S.
TFI’s LTL unit posted an operating ratio of 88.5 in the most recent quarter, compared with 89.5 in the year-ago period.