Business
TransForce Announces Acquisition of Total Delivery Systems
MONTREAL , Sept. 26, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI) (OTCQX: TFIFF), a No...
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Sept. 26, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI)\n (OTCQX: TFIFF), a North American leader in the transportation and\n logistics industry, today announced that, through its subsidiary\n Dynamex Canada Limited, it has acquired all the shares of Total\n Delivery Systems (\"TDS\").\n\n\nHeadquartered in Victoria, British Columbia, TDS operates a network of\n 18 locations across British Columbia. TDS provides a wide range of\n courier and distribution services, such as local messenger, time\n sensitive delivery, overnight service, storage, logistics, LTL and\n just-in-time package delivery. The acquisition is expected to generate\n annual revenue of approximately $20 million.\n\n\n\"This acquisition significantly expands Dynamex Canada's geographic\n footprint, service offering and density across British Columbia. We are\n pleased to work with TDS's senior management to further develop the\n business opportunities that will arise from this transaction,\" said\n Alain Bédard, Chairman, President and Chief Executive Officer of\n TransForce.\n\n\nABOUT TRANSFORCE\nTransForce Inc. is a North American leader in the transportation and\n logistics industry operating across Canada and the United States\n through its subsidiaries. TransForce creates value for shareholders by\n identifying strategic acquisitions and managing a growing network of\n wholly-owned, operating subsidiaries. Under the TransForce umbrella,\n companies benefit from corporate financial and operational resources to\n build their businesses and increase their efficiency. TransForce\n companies service the following segments:\n\n\nPackage and Courier;\n\n\nLess-Than-Truckload;\n\n\nTruckload, which includes specialized truckload and dedicated services;\n\n\nSpecialized Services, which includes services to the energy sector,\n waste management, logistics and ancillary transportation services.\n\nTransForce Inc. (TFI) is publicly traded on the Toronto Stock Exchange\n (TSX: TFI) and the OTCQX marketplace in the U.S. (OTCQX: TFIFF). For\n more information, visit http://www.transforcecompany.com.\n\n\nFORWARD-LOOKING STATEMENTS\nExcept for historical information provided herein, this press release\n may contain information and statements of a forward looking nature\n concerning the future performance of TransForce. These statements are\n...