摘要: |
TFI International was one of the largest transportation and logistics organizations in North America before the acquisition of UPS Freight. That mega-deal, completed in April, nearly doubled TFI's size-to $6.5 billion in annualized revenue. It also stayed in line with the Canada-based company's signature strategy of swelling shareholder value by sinking free cash into the acquisitions of transportation and logistics companies that slot into one of its four business segments: Less-than-truckload (LTL)-where UPS Freight falls-package and courier, logistics, and truckload. That's the same approach that has transformed TFI into one of the biggest players in the bulk transportation industry. TFI has formed or added seven tank truck operations since 2014, several of which consist of multiple carriers that have been combined, including BTC East, which contains the corporation's first U.S.-based operations created through the acquisitions of Schilli Corporation, CCC Transportation and Grammer Logistics' dry bulk business-all since 2019. |