MONTREAL, Quebec, Canada — North American transportation and logistics company TFI International has purchased Hercules Forwarding, a less-than-truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation.
Financial terms of the deal were not released.
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 $100 million in annual revenues, a news release notes.
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 U.S. LTL portfolio while adding cross-border LTL into Canada, creating a partner for our Canada-to-U.S. 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 U.S. 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.”
Born in Pine Bluff, Arkansas, and raised in East Texas, John Worthen returned to his home state to attend college in 1998 and decided to make his life in The Natural State. Worthen is a 20-year veteran of the journalism industry and has covered just about every topic there is. He has a passion for writing and telling stories. He has worked as a beat reporter and bureau chief for a statewide newspaper and as managing editor of a regional newspaper in Arkansas. Additionally, Worthen has been a prolific freelance journalist for two decades, and has been published in several travel magazines and on travel websites.
