← Home
🚀 Sign up Free for Company Insights & Valuation!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free
TFI International
-20.47%
Transportation / Transportation and logistics services provider
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
TFI International is a North American transportation and logistics company that offers a wide range of services, including package and courier delivery, truckload and less-than-truckload transportation, and logistics and supply chain solutions. Founded in 1957, TFI International operates in the United States, Canada, and Mexico and has a diverse portfolio of brands and subsidiaries. The company is headquartered in Montreal, Quebec, Canada and is publicly traded on the Toronto Stock Exchange (TSX: TFII) and the New York Stock Exchange (NYSE: TFII).
History and evolution of TFI International
TFI International, originally known as Transport Forest Inc., was founded in 1957 by Normand Dube, Leo Garneau, and Marcel Phaneuf as a small trucking company in Quebec, Canada. In the early years, the company focused on serving the forestry industry, transporting wood and other materials for pulp and paper mills.
In the 1960s, TFI International expanded its operations by acquiring and merging with other trucking companies in Quebec. By the 1970s, the company had grown into one of the largest trucking companies in Eastern Canada and had diversified its services to include general freight transportation.
In the 1980s, TFI International continued to expand its operations by acquiring trucking companies in Ontario, the United States, and Mexico. The company also started offering package and courier delivery services through its subsidiary, Canpar Courier.
In the 1990s, TFI International continued its growth through strategic acquisitions and expansions into new markets. In 1998, the company went public and began trading on the Toronto Stock Exchange (TSX) as TransForce Inc.
In the early 2000s, TFI International further expanded its operations and services by acquiring companies in the logistics, warehousing, and supply chain management sectors. In 2006, the company changed its name from TransForce Inc. to its current name, TFI International, to better reflect its diverse range of services.
In the following years, TFI International continued to grow and expand its operations in North America. In 2019, the company acquired renowned trucking company, UPS Freight, expanding its presence in the United States.
Today, TFI International is one of the largest trucking and logistics companies in North America, with a network of over 1,800 operating locations, 16,000 tractors, and 29,000 trailers. The company serves a wide range of industries, including retail, manufacturing, healthcare, energy, and more. TFI International is also recognized as one of the best-managed companies in Canada, with a strong commitment to sustainability, customer service, and employee satisfaction.
History and evolution of TFI International
TFI International, originally known as Transport Forest Inc., was founded in 1957 by Normand Dube, Leo Garneau, and Marcel Phaneuf as a small trucking company in Quebec, Canada. In the early years, the company focused on serving the forestry industry, transporting wood and other materials for pulp and paper mills.
In the 1960s, TFI International expanded its operations by acquiring and merging with other trucking companies in Quebec. By the 1970s, the company had grown into one of the largest trucking companies in Eastern Canada and had diversified its services to include general freight transportation.
In the 1980s, TFI International continued to expand its operations by acquiring trucking companies in Ontario, the United States, and Mexico. The company also started offering package and courier delivery services through its subsidiary, Canpar Courier.
In the 1990s, TFI International continued its growth through strategic acquisitions and expansions into new markets. In 1998, the company went public and began trading on the Toronto Stock Exchange (TSX) as TransForce Inc.
In the early 2000s, TFI International further expanded its operations and services by acquiring companies in the logistics, warehousing, and supply chain management sectors. In 2006, the company changed its name from TransForce Inc. to its current name, TFI International, to better reflect its diverse range of services.
In the following years, TFI International continued to grow and expand its operations in North America. In 2019, the company acquired renowned trucking company, UPS Freight, expanding its presence in the United States.
Today, TFI International is one of the largest trucking and logistics companies in North America, with a network of over 1,800 operating locations, 16,000 tractors, and 29,000 trailers. The company serves a wide range of industries, including retail, manufacturing, healthcare, energy, and more. TFI International is also recognized as one of the best-managed companies in Canada, with a strong commitment to sustainability, customer service, and employee satisfaction.
What is special about the company?
TFI International is a leading North American transportation and logistics company with a diverse portfolio of services including truckload, less-than-truckload, intermodal, logistics, and last mile delivery. The company has a strong reputation for reliability, innovation, and customer service. Some of the key factors that make TFI International special are:
1. Industry Experience and Expertise: TFI International has been in the transportation industry for over 60 years, making it one of the most experienced and knowledgeable companies in the market. The company has a deep understanding of the industry, its challenges, and its opportunities.
2. Strong Network and Infrastructure: TFI International has a strong network of over 40,000 qualified carriers and a vast fleet of trucks, trailers, and facilities across North America. This enables the company to offer a wide range of transportation and logistics solutions to its customers.
3. Diversified Portfolio of Services: TFI International offers a diverse portfolio of services, including truckload, less-than-truckload, intermodal, logistics, and last mile delivery. This allows the company to cater to the unique needs of its customers and provide customized solutions.
4. Innovation and Technology: TFI International is known for its innovative approach to transportation and logistics. The company leverages the latest technology and industry best practices to optimize its operations and provide efficient, cost-effective, and reliable services to its customers.
5. Commitment to Customer Service: TFI International puts a strong emphasis on customer service and satisfaction. The company has a dedicated team of experts who are available 24/7 to address the needs and concerns of its customers, ensuring prompt and efficient delivery of their shipments.
6. Sustainable and Responsible Practices: TFI International is committed to sustainability and responsible business practices. The company has implemented various initiatives to reduce its carbon footprint, promote safety and diversity, and give back to the communities it serves.
Overall, TFI International’s experience, expertise, strong network and infrastructure, diversified services, innovation, customer service, and commitment to sustainability make it a special and reliable choice for transportation and logistics services.
1. Industry Experience and Expertise: TFI International has been in the transportation industry for over 60 years, making it one of the most experienced and knowledgeable companies in the market. The company has a deep understanding of the industry, its challenges, and its opportunities.
2. Strong Network and Infrastructure: TFI International has a strong network of over 40,000 qualified carriers and a vast fleet of trucks, trailers, and facilities across North America. This enables the company to offer a wide range of transportation and logistics solutions to its customers.
3. Diversified Portfolio of Services: TFI International offers a diverse portfolio of services, including truckload, less-than-truckload, intermodal, logistics, and last mile delivery. This allows the company to cater to the unique needs of its customers and provide customized solutions.
4. Innovation and Technology: TFI International is known for its innovative approach to transportation and logistics. The company leverages the latest technology and industry best practices to optimize its operations and provide efficient, cost-effective, and reliable services to its customers.
5. Commitment to Customer Service: TFI International puts a strong emphasis on customer service and satisfaction. The company has a dedicated team of experts who are available 24/7 to address the needs and concerns of its customers, ensuring prompt and efficient delivery of their shipments.
6. Sustainable and Responsible Practices: TFI International is committed to sustainability and responsible business practices. The company has implemented various initiatives to reduce its carbon footprint, promote safety and diversity, and give back to the communities it serves.
Overall, TFI International’s experience, expertise, strong network and infrastructure, diversified services, innovation, customer service, and commitment to sustainability make it a special and reliable choice for transportation and logistics services.
What the company's business model?
TFI International is a transportation and logistics company that operates in multiple segments, including truckload, less-than-truckload, parcel, logistics, and last mile. The company’s business model is based on providing efficient and reliable transportation and logistics services to its customers.
TFI International operates through a network of subsidiaries and franchisees, serving customers across North America and internationally. The company offers a diverse range of transportation services, including long-haul specialized truckload, intermodal, brokerage, and dedicated services. It also provides customized logistics solutions, including warehousing, distribution, and supply chain management.
TFI International’s business model is centered around enhancing customer satisfaction and maximizing operational efficiency. The company achieves this through the use of advanced technology and a large fleet of modern trucks and equipment. Additionally, TFI International maintains strategic partnerships and collaborations with suppliers, carriers, and other stakeholders to ensure a seamless flow of services.
The company’s business model also emphasizes acquisitions and strategic investments in other transportation and logistics companies to expand its services and strengthen its market position. This approach has enabled TFI International to diversify its revenue streams and acquire complementary businesses to enhance its offerings.
Overall, TFI International’s business model focuses on meeting the evolving needs of its customers, leveraging technology and partnerships, and continuously expanding its services to drive growth and profitability in the highly competitive transportation and logistics industry.
TFI International operates through a network of subsidiaries and franchisees, serving customers across North America and internationally. The company offers a diverse range of transportation services, including long-haul specialized truckload, intermodal, brokerage, and dedicated services. It also provides customized logistics solutions, including warehousing, distribution, and supply chain management.
TFI International’s business model is centered around enhancing customer satisfaction and maximizing operational efficiency. The company achieves this through the use of advanced technology and a large fleet of modern trucks and equipment. Additionally, TFI International maintains strategic partnerships and collaborations with suppliers, carriers, and other stakeholders to ensure a seamless flow of services.
The company’s business model also emphasizes acquisitions and strategic investments in other transportation and logistics companies to expand its services and strengthen its market position. This approach has enabled TFI International to diversify its revenue streams and acquire complementary businesses to enhance its offerings.
Overall, TFI International’s business model focuses on meeting the evolving needs of its customers, leveraging technology and partnerships, and continuously expanding its services to drive growth and profitability in the highly competitive transportation and logistics industry.
Interesting facts about the company
- TFI International is a Montreal-based transportation and logistics company founded in 1957 by Robert E. Cunningham.
- It was originally called Transport Robert Cunningham, and was focused on delivering furniture and appliances for small and medium-sized businesses.
- TFI International has grown through a series of mergers and acquisitions, including the acquisition of Transport Jacques Auger in 1998, which expanded its reach to Western Canada.
- In 2007, the company changed its name to TransForce Inc., and in 2016, it rebranded as TFI International.
- Today, TFI International is one of the largest trucking and logistics companies in North America, with operations in the US, Canada, and Mexico.
- It has over 800 operating units and employs more than 15,000 people.
- TFI International’s services include truckload, less-than-truckload, and last-mile logistics, as well as courier, intermodal, and final mile deliveries.
- The company’s customers come from a variety of industries, including retail, consumer packaged goods, construction, and industrial products.
- TFI International has a strong commitment to safety and sustainability, including a fleet of over 2,200 alternative fuel and hybrid vehicles.
- In 2019, TFI International was ranked as one of Canada’s Top 100 Employers by Mediacorp Canada Inc.
See Company Due Diligence:
- It was originally called Transport Robert Cunningham, and was focused on delivering furniture and appliances for small and medium-sized businesses.
- TFI International has grown through a series of mergers and acquisitions, including the acquisition of Transport Jacques Auger in 1998, which expanded its reach to Western Canada.
- In 2007, the company changed its name to TransForce Inc., and in 2016, it rebranded as TFI International.
- Today, TFI International is one of the largest trucking and logistics companies in North America, with operations in the US, Canada, and Mexico.
- It has over 800 operating units and employs more than 15,000 people.
- TFI International’s services include truckload, less-than-truckload, and last-mile logistics, as well as courier, intermodal, and final mile deliveries.
- The company’s customers come from a variety of industries, including retail, consumer packaged goods, construction, and industrial products.
- TFI International has a strong commitment to safety and sustainability, including a fleet of over 2,200 alternative fuel and hybrid vehicles.
- In 2019, TFI International was ranked as one of Canada’s Top 100 Employers by Mediacorp Canada Inc.
See Company Due Diligence:
Wait! There's more — sign up for free or log in