TFI International Inc., a North American leader in the transportation and logistics industry, has announced its acquisition of the dry bulk business of Grammer Logistics (Grammer Dry Bulk).
Originally established as part of Sterling Transport in the early 1990s, Grammer Dry Bulk focuses on the transportation of commodities including cement and cementitious materials, sand, fly ash, salt, and lime.
Serving the southeast US region extending from Maryland through Virginia, North Carolina, South Carolina, Georgia, and into Florida, Grammer Dry Bulk has close to 100 company drivers and owner operators, operating a fleet of over 90 leased and owned tractors and more than 150 company-owned tank trailers. The acquired business generates approximately US$12 million in annualised revenues and will become part of TFI International’s BTC East operating company within its truckload segment.
“As another step in the expansion of our US specialty truckload operations, we are pleased to bring aboard Grammer’s dry bulk team and their operating assets,” stated Alain Bédard, Chairman, President, and CEO of TFI International. “Their southeast focus and valued customer base is a strong strategic fit with our BTC East operating company as well as our assets acquired last month from CCC Transportation, and we look forward to supporting the team’s continued growth under the TFI International umbrella.”
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/08102020/tfi-international-acquires-grammer-dry-bulk/