TFI International Acquires RRD’s Courier Services Business
March 02 2020 - 4:30PM
TFI International Inc. (NYSE and TSX: TFII), a North American
leader in the transportation and logistics industry, today
announced that it has acquired the Courier Services business from
R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading
global provider of multichannel solutions for marketing and
business communications. The acquired business includes a
nationwide network of close to 30 company locations and over 400
vendor sites, serving the pharmaceutical, healthcare, retail,
financial, and transportation industries, primarily in the Midwest
and Southeast U.S. The Courier Services business will become
part of TFI International’s Logistics segment as part of the team
led by Scott Leveridge, President, TForce Logistics U.S.
“We are excited to welcome RRD’s Courier
Services business and its valued customers to the TFI International
family,” stated Alain Bédard, Chairman, President and Chief
Executive Officer of TFI International. “The combination with
our existing TForce Logistics network builds our strategic mass and
density, while adding new geographies and an impressive customer
base. As part of the TFI group of companies, the Courier
Services business will benefit from our outstanding resources
across North America, as they look to expand their client service
capabilities. We view this as yet another step towards
building our U.S. market share in same-day package delivery, and
look forward to seeing this business reach new heights in the years
ahead.”
ABOUT TFI INTERNATIONAL
TFI International Inc. is a North American
leader in the transportation and logistics industry, operating
across the United States, Canada and Mexico through its
subsidiaries. TFI International creates value for shareholders by
identifying strategic acquisitions and managing a growing network
of wholly-owned operating subsidiaries. Under the TFI International
umbrella, companies benefit from financial and operational
resources to build their businesses and increase their efficiency.
TFI International companies service the following segments:
- Package and Courier;
- Less-Than-Truckload;
- Truckload;
- Logistics.
TFI International Inc. is publicly traded on the
New York Stock Exchange and the Toronto Stock Exchange under the
symbol TFII. For more information, visit www.tfiintl.com.
For further information:Alain BédardChairman,
President and CEOTFI International
Inc.647-729-4079abedard@tfiintl.com
TFI (TSX:TFII)
Historical Stock Chart
From Aug 2024 to Sep 2024
TFI (TSX:TFII)
Historical Stock Chart
From Sep 2023 to Sep 2024