Business

TFI International buys US reefer fleet

TFI International has added to its U.S. operations with the purchase of D&D Sexton, a refrigerated freight service provider based in Carthage, Missouri.

The acquisition adds more than 150 drivers and operating company owners and nearly 40 non-driver employees. Equipment includes more than 120 tractors and nearly 400 refrigerated and dry van trailers.

This family-run company has been in business for over 40 years, providing local and long-distance shuttle operations and generating more than $25 million in revenue. It will operate within the TFI group of CFI companies.

picture of D&D . truck
(Photo: D&D Sexton)

“D&D is an excellent strategic fit with the organization, culture and business model of our CFI operating company, adding strategic capabilities and valuable, long-term client relationships. for its temperature-controlled business,” said Alain Bédard, president, president and chief executive officer of TFI International.

“In addition to the overlapping refrigerated freight network, D&D brings considerable experience in local trucking and shuttle operations. We see many short-term opportunities in cost, roadmap and pricing to improve profitability, as well as long-term opportunities to optimize equipment and design capacity networks, taking D&D to the next level. next excellent. ”

https://www.trucknews.com/business-management/tfi-international-buys-u-s-refrigerated-fleet/1003155459/ TFI International buys US reefer fleet

Ashley

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