PR: TFI International signs agreement to acquire Gusgo Transport

PRESS RELEASE

Transaction to Enhance Container Transport and Storage Capabilities

Adds Density, Geographic Reach and New Customers

Montreal, Quebec, June 12, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has signed a definitive agreement to acquire privately held Gusgo Transport, a container transport and storage company operating out of Vaughan, Ontario.  

The business to be acquired includes Gusgo Transport, Seatainer Transport and Seatainer Terminals. Founded in 1969, Gusgo is a customs-bonded carrier, providing its customers with reliable and cost-effective local and cross-border container transportation. 

With its 4 company trucks and 48 owner operators, Gusgo delivers both dry and temperature controlled commodities in approximately a five hundred mile radius around the Greater Toronto Area including delivery points throughout Ontario, Quebec, New York, Pennsylvania, Ohio and Michigan. 

Gusgo operates over 250 container chassis, and has capacity for storing 6,000 containers at its Vaughan location. Upon completion of the transaction expected before the end of June, Gusgo will become part of TFI International’s Truckload segment.

Here is the link to the full press release.