How TFI International rose from a small Quebec trucker to a North American giant

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How TFI International rose from a small Quebec trucker to a North American giant
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Investors should be interested even after a steep share price increase thus far this year

One that falls into the under-the-radar category is). Based in St. Laurent, a suburb of Montreal, it’s a transportation and logistics giant, whose network spans more than 80 North American cities. It has more than 90 operating companies under its banner and employs some 24,000 people.

This is a company that grew by acquisition. Since 2008, it has purchased an astounding 121 related businesses across the U.S. and Canada. Each potential deal is carefully vetted for the strength of its management team, cultural fit, and earnings potential. In 1992, it made a big move with the purchase of Kingsway Transports Ltd. and its U.S. operations, changing its name to Cabano-Kingsway. It added to its U.S. business eight years later by acquiring TST Solutions. By that point it had changed its name again, to TransForce Inc.

We first recommended the stock in my Internet Wealth Builder newsletter in June 2012 at $17.49. It has been an outstanding performer, closing Friday at $177.42, for a gain of 914 per cent. It’s also a strong contributor to our Internet Wealth Builder Growth Portfolio.

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