Fleet renewal marks the latest investment in two-year upgrade program, replacing over 65 percent of tractor fleet by year-end 2018.
JOPLIN, Mo. — June 6, 2018 — CFI, a North American full-truckload carrier and subsidiary of TFI International Inc. (TSX: TFII, OTCQX: TFIFF), announced today it has increased its 2018 fleet purchase plan from 500 to 600 new Kenworth T680 over-the-road long-haul tractors. Delivery of the additional 100 tractors is expected by year end.
The additional new tractors represent the latest investment in a two-year modernization program, begun in 2017, that by the end of this year, will have replaced 65 percent of CFI’s North American power fleet with the new, high-performance, driver-preferred Kenworth tractors. CFI operates 1,897 company-owned power units and 7,365 53-foot dry-van trailers, and employs about 350 owner-operators.
“This investment is good news for our customers as well as our professional drivers,” said Greg Orr, CFI’s president. “We are accelerating our program to refresh and modernize our fleet with one of the most advanced power units on the market, which features excellent fuel economy and the latest safety systems.”
Orr noted that drivers will enjoy operating new equipment that has many of the most-requested driver comfort features available, as well as a reputation for reliability, minimizing downtime and maximizing driver miles and pay. For the customer, the new assets support CFI’s mission to provide superior service that is ultimately safe and reliable, consistently delivering shipments on-time.
The 2018-model Kenworth T680s are powered by the Cummins X15 15-liter turbo-diesel engine, with Eaton Ultrashift automated manual transmissions, and twin-screw drive axles with dual tires. The driver’s cab is outfitted with Sirius XM radio, Bluetooth-enabled hands-free communications features, an inverter to provide 110-volt power, and bunk heaters. The fully-appointed and trimmed-out cab and sleeper areas also have other driver comfort amenities including mounts for flat-screen televisions, computer laptops and microwave ovens.
The company expects to begin taking delivery of the new tractors this summer and will concurrently retire older units as new ones enter the fleet through the end of the year.
ABOUT TFI INTERNATIONAL
TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico 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. TFI International companies service the following segments:
TFI International Inc. is publicly traded on the Toronto Stock Exchange (TSX: TFII) and the OTCQX marketplace in the U.S. (OTCQX: TFIFF). For more information, visit http://www.tfiintl.com.
ABOUT CFI
CFI is a leading provider of time-definite 53-foot dry-van truckload transportation services in North America. Headquartered in Joplin, Missouri, CFI has a fleet of 1,897 company tractors and 7,365 trailers in addition to an independent contractor fleet. CFI provides solo, team and dedicated trucking operations with consistent quality service.
Media contact:
Katlin Owens
Manager Corporate Communications
(417) 623-5229 ext. 5359
katlin.owens@cfidrive.com
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