TFI International to acquire Siemens Transportation Group.

TFI International, a transportation and logistics company, agreed to acquire Siemens Transportation Group, a transportation business. Financial terms were not disclosed. “We are pleased to be expanding our LTL footprint in both Canada and the US with these two LTL acquisitions. STG’s impressive family-run approach has attracted a loyal customer base across diverse industries, and its compelling geographic presence and well-maintained equipment strategically complement our growing network. Hot Line is another highly attractive acquisition with well-run operations and a strong presence in the midwestern US that will further bolster our LTL presence while allowing us to ramp its cross-border business," Alain Bédard, TFI International Chairman, President, and CEO.