TFI picks up Hercules

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by Emily Atkins

TFI International Inc. has bought Hercules Forwarding, Inc.

Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.

Hercules is  a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation. Founded in 1985 and family-owned with US headquarters in Vernon, California and Canadian headquarters in New Westminster, BC, Hercules has a 31-terminal network and operates more than 210 trucks, close to 600 trailers and approximately 75 containers, generating more than US$100 million in annual revenues.

Hercules focuses on direct shipper customers across end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage.

“This bolt-on acquisition fortifies our US LTL portfolio while adding cross-border LTL into Canada, creating a partner for our Canada-to-US shipments while offering synergy opportunities on both sides of the border,” stated Alain Bédard, chairman, president, and CEO of TFI International.

“Hercules’s impressively low claims ratio and skill at serving multiple premium freight markets moving high-value cargo across the US and Canada aligns well with our focus and operating philosophy. We are pleased to welcome Marty, Melanie, and the entire Hercules team to the TFI International family.”

TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States and Canada through its subsidiaries. Its companies serve the following segments:
• Package and Courier
• Less-Than-Truckload
• Truckload
• Logistics

TFI International Inc. is publicly traded on the New York Stock Exchange.