Haulier expands LTL business in North America
The North American transport company TFI International has agreed to acquire Siemens Transportation Group (STG) and completed the acquisition of Hot Line Freight Systems (Hot Line). Terms of the transactions were not disclosed. Founded in 1962, the majority of STG’s operations are LTL (less-than-truckload), with a smaller portion of its business in truckload and flatbed.
Based in Saskatoon, Saskatchewan (Canada), STG is a family-owned business providing a total supply chain solution spanning North America through its 15 terminals (eleven in Canada and four in USA) and generating
Founded in 1988, Hot Line is a specialised LTL provider based in Wisconsin, USA. The company’s nearly 200 employees operate a network of 14 terminals (eight of which are owned), generating USD 30 million in annual revenues.
The haulier has a strong focus on expedited one to two-day LTL service in the Midwest as well as a nationwide services. Paul Burgmeier will continue to manage the business as part of TFI’s less-than-truckload segment. (ben)