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Siemens Transportation Group being purchased by TFI International

By Neil Billinger May 9, 2023 | 5:43 PM

Siemens company webpage

The Saskatoon-based family-owned company was founded in 1962 and has grown to a supply chain with 11 terminals in Canada and four in the United States.

TFI International is headquartered in Montreal and offers North American customers service in the following segments:

-Package and courier

– Less-Than-Truckload

-Truckload

-Logistics

Doug Siemens will continue to manage the business as part of TFI’s Less-Than-Truckload segment and report to Executive Vice-President Rick Hashie. Siemens Transportation Group generates annual revenues of approximately $150 million.

Terms of the transaction were not disclosed, and the sale is subject to regulatory approval.

In the same news release, TFI International also announced the acquisition of a Wisconsin company—Hot Line Freight Systems.