EAGAN, Minn., Dec. 1, 2015 /PRNewswire/ -- Transport Corporation of America, Inc., a subsidiary of TransForce, Inc. (TSX: TFI, OTCQX: TFIFF), announced today its strategic acquisition of a majority stake in Optimal Freight, LLC., a privately held non-asset based truckload freight brokerage company. This acquisition greatly expands Transport America's capabilities to create solutions for its customer base.
Founded in 2011 and headquartered in Chicago, IL, Optimal Freight provides brokerage services throughout the United States, Canada, and Mexico. By means of data and technology, Optimal Freight manages the requirements, capabilities, and freight patterns of shippers and carriers, successfully creating solutions that maximize productivity and cost efficiency.
"This is an exciting opportunity for Transport America's customers and employees, allowing us to significantly expand our capabilities to provide solutions for customers outside of our current asset footprint," commented Keith Klein, President of Transport America. "We look forward to working together with Noam Frankel, President of Optimal Freight, and his team to build on the success of both organizations."
Noam Frankel said, "We are excited to be a part of a company which maintains the same core values as our organization was founded on. Optimal Freight has strengths in van, flat bed, refrigerated services, and over dimensional operations, and we look forward to utilizing Transport America extensive full truckload and intermodal operations. With Transport America's support, we are eager to offer customers a more robust range of services in more locations."
About Transport America
Transport America, a subsidiary of TransForce, Inc. (TSX: TFI, OTCQX: TFIFF), is a leading provider of truckload transportation and logistics services throughout much of the US, Mexico and Canada. Transport America has been in business since 1984 and is headquartered in Eagan, MN. The company's broad portfolio of services, which includes Solo and Team over-the-road, Dedicated, Regional, Intermodal and Brokerage, executed by talented professionals with state-of-the-art technology, caters to Fortune 1000 shippers who value Transport America's customer service focus. For more information, please visit www.transportamerica.com.
TransForce Inc. is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments:
- Package and Courier;
- Waste Management;
TransForce Inc. is publicly traded on the Toronto Stock Exchange (TSX: TFI) and the OTCQX marketplace in the U.S. (OTCQX: TFIFF). For more information, visit http://www.transforcecompany.com.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
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SOURCE Transport America