Montreal-based TFI International Inc. recently announced the acquisition of Hercules Forwarding, Inc., a less-than-truckload carrier with an emphasis on intra-U.S. and U.S.-to-Canada cross-border transportation.
Founded in 1985 and family-owned with U.S. headquarters in Vernon, California and Canadian headquarters in New Westminster, British Columbia, Hercules utilizes 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.
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Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage. Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.
“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,” said Alain Bédard, chairman, president, and chief executive officer of TFI International. “Hercules’ 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.”
