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TFI International acquires Dahlsten Truck Line, expanding its Midwest operations with a seasoned carrier's fleet and load capacity.
TFI International has expanded its Specialized Truckload segment by acquiring Dahlsten Truck Line, a Nebraska-based regional carrier with operations in the Midwest. Dahlsten, in operation since 1946, boasts a fleet of around 75 trucks and a significant load capacity of over 27,000 loads annually. This move comes in a year that TFI International, a Canadian logistics giant, considers slow for mergers and acquisitions, having spent approximately $100 million in this area. Despite this year's challenging freight market, TFI is gearing up for potentially larger acquisitions in 2024, with a 65-75% chance of executing a significant deal, as hinted by their CEO Alain Bédard.
Source: Trucking Dive
One more share from this morning's WSJ logistics email newsletter - TFI acquires Nebraska-based truckload carrier https://t.co/kSsya9WGFy via @TruckingDive
— Cathy Roberson (@cmroberson06) December 1, 2023
Big deal, you may say? it's TFI's 12th acquisition this year. 😮
Source: Cathy Roberson
Bad carriers are gaming the weigh station system. Plus, C.H. Robinson's own engineer goes scorched earth on Reddit, the Ghost Truck Act gets roasted, and more in today's newsletter.
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
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