Mr. Alain Bedard reports

TFI INTERNATIONAL ANNOUNCES TWO LTL ACQUISITIONS

TFI International Inc. has agreed to acquire Siemens Transportation Group (STG) and has completed the acquisition of Hot Line Freight Systems. Terms of the transactions were not disclosed.

Founded in 1962, the majority of STG's operations are LTL (less than truckload), with a smaller portion of its business in truckload and flatbed. Based in Saskatoon, Sask., STG is a family owned business providing a total supply chain solution spanning North America through its 15 terminals, including 11 in Canada and four in the United States, generating annual revenues of approximately $150-million. STG's Doug Siemens will continue to manage the business as part of TFI's less-than-truckload segment, reporting to executive vice-president Chris Traikos. The transaction is subject to regulatory approval.

Founded in 1988, Hot Line is a specialized LTL provider based in Wisconsin. The company's nearly 200 employees operate a network of 14 terminals (eight of which are owned), generating approximately $30-million (U.S.) in annual revenues. With a strong focus on expedited one-day to two-day LTL service across the Midwest, as well as a nationwide over-the-road division concentrating on high-value and white glove freight, Hot Line is renowned for its exceptional customer service. Hot Line's Paul Burgmeier will continue to manage the business as part of TFI's less-than-truckload segment, reporting to executive vice-president Rick Hashie.

"We are pleased to be expanding our LTL footprint in both Canada and the U.S. with these two LTL acquisitions," said Alain Bedard, chairman, president and chief executive officer of TFI International. "STG's impressive family run approach has attracted a loyal customer base across diverse industries and its compelling geographic presence and well-maintained equipment strategically complement our growing network. Hot Line is another highly attractive acquisition with well-run operations and a strong presence in the Midwestern U.S. that will further bolster our LTL presence while allowing us to ramp its cross-border business. We are thrilled to welcome Doug, Paul and their impressive teams to our growing family of companies and look forward to watching both STG and Hot Line succeed under the TFI International umbrella."

About TFI International Inc.

TFI International is a North American leader in the transportation and logistics industry, operating across the United States and Canada through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency.

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