IMII study suggests 'generation four' SMRs will be needed to power Saskatchewan's mining industry Revamped program at Suncrest College allows students to learn while employed Saskatchewan RCMP investigate 75 interprovincial trafficking files in 2024 Canadian Taxpayers Federation files lawsuit against Canada revenue agency

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.