Business
TransForce Concludes An Agreement For Additional Landfill Capacity
MONTREAL , Dec. 19, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI OTCQX: TFIFF), a Nor...
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Dec. 19, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI OTCQX: TFIFF), a North American leader in the\n transportation and logistics industry, today announced that it has\n entered into an agreement with Waste Management of Canada Corporation,\n a subsidiary of Waste Management, Inc. (WM: NYSE), to use approximately\n 30% of the remaining capacity of the Lachute Landfill Site, located in\n Lachute, Quebec.\n\n\nUnder the terms of the agreement, TransForce will have 30 years to use\n this capacity, which amounts to an estimated 1,875,000 tonnes. The\n transaction provides TransForce's Malex business unit with its own\n disposal capacity, which should improve operating efficiency and cost\n management. It should also allow TransForce to broaden its service\n offering to municipalities in the Laurentides and Outaouais regions of\n Québec.\n\n\n\"TransForce is pleased with this additional landfill capacity, which\n allows us to further enhance our service offering in the waste\n management sector. Given its prime location, the Lachute site will\n provide significant opportunities to grow our customer base and our\n density,\" said Alain Bédard, Chairman, President and Chief Executive\n Officer of 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\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\n\n\nTransForce Inc. is publicly traded on the Toronto Stock Exchange (TSX:\n TFI) and the OTCQX marketplace in the U.S. (OTCQX: TFIFF). For more\n information, visit http://www.transforcecompany.com.\n\n\nFORWARD-LOOKING STATEMENTS\nExcept for historical information provide...