Montreal-based TFI makes a major move in the trucking industry

  • TFI International is acquiring trucking company Daseke for $386 million
  • The deal will make TFI the largest operator of flatbed rigs targeting the construction industry
  • TFI will pay $8.30 a share for Daseke, a 69% premium to the closing stock price
  • TFI has been making a series of acquisitions to become a major force in North American trucking
  • Daseke generated $1.8 billion in revenue in 2022 and net profit of $50.2 million
  • TFI is considering separating itself into two companies

TFI International is set to acquire trucking company Daseke in a deal worth $386 million. This acquisition will position TFI as the largest operator of flatbed rigs targeting the construction industry. The purchase price of $8.30 per share represents a 69% premium to Daseke’s closing stock price. TFI has been actively expanding its presence in the North American trucking market through a series of acquisitions, including the $800 million purchase of UPS Freight. Daseke, with $1.8 billion in revenue and $50.2 million in net profit in 2022, will be integrated into TFI’s truckload segment. Additionally, TFI is considering splitting itself into two separate companies, one for truckload operations and the other for its less-than-truckload unit, package-and-courier business, and logistics segment.

Public Companies: TFI International (TFII), Daseke (null), United Parcel Service (UPS), Siemens Transportation Group (null), Hot Line Freight Systems (null)
Private Companies:
Key People: Alain Bédard (TFI Chief Executive), Will Feuer (), Paul Page ()

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Factuality Level: 7
Justification: The article provides information about the acquisition of trucking company Daseke by TFI International for $386 million. It mentions the premium price paid for the shares and the assumption of debt, as well as the previous acquisitions made by TFI. It also provides financial information about Daseke and its operations. However, the article lacks in-depth analysis and context about the trucking industry and the impact of the acquisition.

Noise Level: 4
Justification: The article provides information about TFI International’s acquisition of Daseke, a trucking company. It includes details about the deal, the financials of both companies, and TFI’s previous acquisitions. However, the article lacks in-depth analysis, scientific rigor, and intellectual honesty. It mainly focuses on the financial aspects of the deal and does not provide much insight into the long-term trends or consequences of the acquisition. Additionally, the article does not support its claims with evidence or data. Overall, while the article provides some relevant information, it lacks depth and analysis, resulting in a higher noise level.

Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Daseke by TFI International will impact the trucking industry, specifically the flatbed rigs targeting the construction industry. TFI International will become the largest operator by revenue in this sector.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses a financial event, which is the acquisition of Daseke by TFI International. There is no mention of any extreme event or its impact.

Reported publicly: www.wsj.com