Business
TransForce Increases Investment in Western Canada - Acquires New Terminal for TST Overland
TransForce Increases Investment in Western Canada - Acquires New Terminal for TST Overland
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\n Jul. 7, 2010 (Canada NewsWire Group) -- MONTREAL, July 7 /CNW Telbec/ - TransForce Inc. ("TransForce" or "the Company") (TSX: TFI - T), the leader in the Canadian transportation and logistics industry, today announced the purchase of a new 52-door cross-dock terminal in Calgary, Alberta to support the growth of its subsidiary TST Overland Express in the region.\nThe new terminal will more than triple the capacity of TST Overland in Calgary and supports its commitment to provide customers with the leading less-than-truckload network across Canada and the United States.\n"We are continuing to invest in our operations in Western Canada because of the region's economic strength and growth potential," said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce Inc "This new terminal enables TST Overland to deliver expanded services in and out of Calgary, which is a major gateway for shipments within Western Canada as well as to and from the United States."\nTST Overland, headquartered in Mississauga, ON, is one of Canada's largest and most established LTL companies. It has continuously made network improvements to enhance efficiency and add competitive advantage for its customers. These improvements include the newly added direct line hauls from Dallas, Texas, to Calgary, a key route for many customers, especially those in the oil industry. The new service reduces freight handling and transit times from origin to destination and is expected to result in increased volumes for TST Overland which will be handled by the new Calgary terminal.\n\nProfile\n\nTransForce Inc. (www.transforce.ca) is the leader in Canada's transportation and logistics industry. Headquartered in Montreal, Quebec, TransForce creates value for shareholders through managing and investing in a growing network of wholly-owned, operating subsidiaries. TransForce provides a comprehensive and unique combination of capabilities, resources and geographical coverage in both domestic and trans-border markets. Its companies currently operate in four well-defined business segments:\n\n\n >\n\n\nTransForce Inc. shares are listed on the Toronto Stock Exchange under the symbol TFI.\n\nForward-Looking Statements\n\nExcept for historical information provided herein, this press release may contain informatio...