TFI International Inc. has acquired Vedder Transportation Group, a tanker truck transporter of food-grade liquids and dry bulk commodities with 155 power units and 300 tanker trailers.
Vedder is based in Abbotsford, British Columbia. The acquisition helps TFI establish a Canadian coast-to-coast food-grade tanker truck network, according to Alain Bedard, TFI International’s chairman, president and CEO.
“For many years, TFI International … has been a provider of tank truck services to the liquid and dry bulk food grade market in Eastern Canada,” Bedard said in a news release. “With the acquisition of Vedder, we add the premier provider of [tanker] services in Western Canada along with a network of strategically located facilities.”
Terms of the acquisition were not disclosed.
Vedder Transportation Group, which was founded in 1956, has 13 terminals across western Canada. The company provides food-grade transportation services, as well as dry van, flat deck, step deck and maxi/super b train transportation.
Vedder also provides solutions such as a food-grade wash rack, rail car transload and warehousing services. The company generates annual revenues of more than $60 million.
Fred Zweep, president of Vedder Transportation Group, will join TFI International’s specialized truckload business segment.
Montreal-based TFI International is Canada’s largest trucking and logistics company. It operates a network of over 90 transportation companies with 24,000 employees and 540 facilities.
In May, TFI International acquired Canadian less-than-truckload carrier Siemens Transportation Group and U.S.-based LTL provider Hot Line Freight Systems.
Watch: Is a strike imminent for UAW workers of the Big Three automakers?
Click for more FreightWaves articles by Noi Mahoney.
More articles by Noi Mahoney
GXO lays off 92 workers at Texas distribution center
CH Robinson expands border footprint with major facility in Texas
Borderlands: Mexico averaged 58 cargo thefts a day in Q2