TFI International Inc., through its wholly-owned subsidiaries, operates a transportation business.
The company is a leading player in the transportation and logistics industry. The company, through its operating subsidiaries, directly services more urban centres than any other carrier in Canada. The company offers its clients transportation solutions that are firmly supported by the specialization of its wholly-owned subsidiaries and the competence of its management and employees in their areas...
TFI International Inc., through its wholly-owned subsidiaries, operates a transportation business.
The company is a leading player in the transportation and logistics industry. The company, through its operating subsidiaries, directly services more urban centres than any other carrier in Canada. The company offers its clients transportation solutions that are firmly supported by the specialization of its wholly-owned subsidiaries and the competence of its management and employees in their areas of expertise. The company’s scope extends to all of the United States and Canada.
The company offers efficient, global solutions to its clientele in the following reportable segments: (i) LTL; (ii) TL; and (iii) Logistics. Through internal growth and acquisitions, the company has significantly increased its geographic scope.
The LTL segment provides pickup, consolidation, transport and delivery of smaller loads. The TL segment provides full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customers’ specific needs. The TL segment includes expedited transportation, flatbed, tank container and dedicated services as well as TL brokerage. The Logistics segment provides a wide range of asset-light logistics services, including brokerage, freight forwarding and transportation management, as well as small parcel delivery.
The company has the largest trucking fleet in Canada and has a significant presence in the United States. As at December 31, 2024, the company had 14,243 trucks, 45,453 trailers and 7,592 independent contractors.
In Canada, passenger and merchandise road transport licenses are issued by provincial authorities. With respect to interprovincial transport, provincial authorities are delegated the right to issue licenses according to the Canada Transportation Act. Provincial authorities exercise control over the issuance, modification and transfer of licenses and govern in a general manner various aspects of license-holders’ activities. In the United States, the Department of Transportation exercises similar authority. The operating subsidiaries of the company have all the necessary licenses to operate in Canada and the United States, as applicable.
The company has a diverse base of clients operating across a broad cross-section of industries. Due to the breadth of its client base, a downturn in the activities of individual customers or in a particular industry is not expected to have a material adverse effect on the company’s operations. In the last several years, the company concluded strategic alliances with other transport companies in North America, in order to offer its customers a network extending across Canada and the United States.
Seasonality of Operations
The activities conducted by the company are subject to general demand for freight transportation. Historically, demand has been relatively stable with the first quarter being generally the weakest in terms of demand. Furthermore, during the harsh winter months, fuel consumption and maintenance costs tend to rise.
The company’s main competitors are: in the LTL sector, Old Dominion, SAIA, ArcBest, and XPO (in the United States), and Mullen and Manitoulin Transport Inc. (in Canada); in the TL sector, Trimac Transportation, Challenger Motor Freight and Bison Transport (in Canada) and Knight-Swift Transportation Holdings Inc., Werner Enterprise, Inc. Schneider National, Inc. and Heniff Transportation Systems (in the United States); and in the Logistics sector, C.H. Robinson Worldwide, Inc., OnTrac Shipping and Echo Global Logistics.
The company had a total of 125 applied-for or registered trademarks in Canada and the United States as at December 31, 2024, of which 93 are for use in Canada and 32 are for use in the United States. Of the foregoing trademarks, the most important are: (i) ‘TFI International’, ‘TransForce’ and ‘a TransForce Company’ in Canada and ‘a TFI International Company’ in Canada and the United States; (ii) ‘Kingsway’ in Canada; (iii) ‘TST’ family of trademarks in Canada; (iv) ‘Quik X’ family of trademarks in Canada and the United States; (v) ‘ICS Courier’ in Canada; (vi) ‘Canpar’ family of trademarks, including ‘Canpar Courier’, in Canada; (vii) ‘TForce’ family of trademarks in Canada and the United States, including ‘TForce Freight’; (viii) ‘Loomis Express’ in Canada; (ix) ‘TF Dedicated’ in the United States; (x) ‘Vitran’ family of trademarks in Canada and the United States, including ‘Vitran Express’; (xi) ‘Contrans’ in Canada; and (xii) trademarks for the recently acquired Daseke group of companies in the United States. The company also has, as of December 31, 2024, nine patents developed by the JHT, Piston Tank and Canpar/Loomis businesses.
In addition, the company uses a number of unregistered trademarks.
The company was founded in 1957. It was incorporated in 2008. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in 2016.
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