TFI International acquires Hercules Forwarding

MONTREAL — TFI International Inc. has acquired Hercules Forwarding, Inc., a less-than-truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation.

With US headquarters in Vernon, California and Canadian headquarters in New Westminster BC, Hercules utilizes a 31-terminal network and operates more than 210 trucks, close to 600 trailers and about 75 containers, generating more than US $100 million in annual revenues. Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage. The company will join TFI’s LTL business segment.

“This bolt-on acquisition fortifies our US LTL portfolio while adding cross-border LTL into Canada, creating a partner for our Canada-to-US shipments while offering synergy opportunities on both sides of the border,” said Alain Bédard, chairman, president, and CEO of TFI International. “Hercules’ impressively low claims ratio and skill at serving multiple premium freight markets moving high-value cargo across the US and Canada aligns well with our focus and operating philosophy. We are pleased to welcome Marty, Melanie, and the entire Hercules team to the TFI International family.”

TFI International Inc. operates across the US and Canada through its subsidiaries. TFI International companies service the package and courier, LTL, truckload and logistics segments.