TFI International announces two less-than-truckload acquisitions

TFI International announced it has agreed to acquire Siemens Transportation Group, STG, and has completed the acquisition of Hot Line Freight Systems. Terms of the transactions were not disclosed. "We are pleased to be expanding our LTL footprint in both Canada and the US with these two LTL acquisitions," said Alain Bedard, Chairman, President, and Chief Executive Officer of TFI International. "STG’s impressive family-run approach has attracted a loyal customer base across diverse industries, and its compelling geographic presence and well-maintained equipment strategically complement our growing network. Hot Line is another highly attractive acquisition with well-run operations and a strong presence in the midwestern US that will further bolster our LTL presence while allowing us to ramp its cross-border business. We are thrilled to welcome Doug, Paul and their impressive teams to our growing family of companies and look forward to watching both STG and Hot Line succeed under the TFI International umbrella."