Business
TransForce Inc. and DHL Express Canada Announce Completion of Sale of Domestic Operations in Canada
Jun. 27, 2011 (Canada NewsWire Group) -- Customers already seeing solid progress on ten yea...
About this update from Tfi International Inc.
[{"type":"text","content":"\r\n\r\n\r\n Jun. 27, 2011 (Canada NewsWire Group) -- \r\n\r\n#ReleaseContent TABLE\r\n{\r\n BORDER-COLLAPSE: collapse\r\n}\r\nTR.cnwUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 1px solid\r\n}\r\nTR.cnwDoubleUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 3px double\r\n}\r\nTR.cnwBoldUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 3px solid\r\n}\r\nTD.cnwUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 1px solid\r\n}\r\nTD.cnwDoubleUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 3px double\r\n}\r\nTD.cnwBoldUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 3px solid\r\n}\r\n#ReleaseContent TABLE.cnwBorderedTable TD\r\n{\r\n BORDER-RIGHT: black 1px solid;\r\n PADDING-RIGHT: 2px;\r\n BORDER-TOP: black 1px solid;\r\n PADDING-LEFT: 2px;\r\n PADDING-BOTTOM: 2px;\r\n BORDER-LEFT: black 1px solid;\r\n PADDING-TOP: 2px;\r\n BORDER-BOTTOM: black 1px solid;\r\n BORDER-COLLAPSE: collapse\r\n}\r\n#ReleaseContent TABLE TD\r\n{\r\n PADDING-RIGHT: 2px;\r\n PADDING-LEFT: 2px;\r\n PADDING-BOTTOM: 2px;\r\n PADDING-TOP: 2px\r\n}\r\n\r\n\r\nCustomers already seeing solid progress on ten year strategic alliance\r\n for best-in-class fully integrated international and domestic shipping.\r\n \r\n\r\n\r\nMONTREAL and TORONTO, June 27, 2011 /CNW Telbec/ - TransForce Inc.\r\n ("TransForce" or "the Company") (TSX: TFI) and DHL Express (Canada) Ltd\r\n ("DHL Express Canada") jointly announced today the formal closing of\r\n their previously announced agreement whereby TransForce, a North\r\n American leader in the transportation industry, has purchased the\r\n assets of DHL Express Canada's domestic business and will be operated\r\n through a newly established subsidiary, Loomis Express. With the\r\n closure of the transaction, Loomis Express and DHL Express Canada will\r\n begin operating as two separate companies, providing a completely\r\n integrated domestic and international suite of innovative and strongly\r\n competitive logistics and shipping services.\r\n\r\n\r\nUnder the strategic alliance, Loomis Express will focus on providing\r\n expanded domestic operations in the Canadian package and courier\r\n sector, allowing DHL Express Canada to leverage its core strength and\r\n focus exclusively on the Canadian international shipping segment.\r\n\r\n\r\n"This transaction creates a strong competitive advantage, bri...