Transaction Adds Critical Mass, Expanded Geography and New Customers to TForce Logistics Network
Montreal, Quebec, March 2, 2020 – 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.”