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Stock impact report

TFI acquires LTL carrier Hercules Forwarding [Yahoo! Finance]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Yahoo! Finance
Hercules operates a 31-terminal network throughout the U.S. and Canada, focusing on intra-U.S. and U.S.-to-Canada shipments. The company has more than 210 trucks, nearly 600 trailers and approximately 75 containers, generating revenue of more than $100 million annually. The nearly 40-year-old company has two headquarters: Vernon, California, and New Westminster, British Columbia. It's a nonunion carrier serving numerous sectors, such as retail, construction, automotive, and food and beverage, as well as 3PLs. TFI's U.S. LTL company, TForce Freight, is represented by the Teamsters union. Financial terms of the transaction were not provided. “This bolt-on acquisition fortifies our US LTL portfolio while adding cross-border LTL into Canada, creating a partner for our Canada-to-US shipments while offering synergy opportunities on both sides of the border,” said Alain Bédard, chairman, president and CEO at TFI. Montreal-based TFI ( NYSE: TFII ) said late last year it was contemp Show less Read more
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