TFI International Acquires Vedder Transportation, Boosts Presence In Canada

TFI International Inc TFII disclosed the acquisition of Vedder Transportation Group for an undisclosed amount.

Vedder specializes in transporting food-grade liquids and dry bulk commodities tank trucks, with operations spanning across British Columbia to Manitoba. 

"With the acquisition of Vedder, we add the premier provider of such services in Western Canada along with a network of strategically located facilities, making TFI the premier Canadian coast-to-coast provider of food grade tank truck transportation services," said Alain Bédard, Chairman, President and CEO. 

In Q2, operating cash flow stood at $200.4 million vs. $247.8 million the prior year. 

Last month, TFII closed the acquisition of JHT Holdings, Inc., an asset-light logistics and transportation provider in North America for Class 6-8 truck manufacturers. 

Price Action: TFII shares are trading lower by 2.77% at $133.72 on the last check Tuesday.