Latest news with #TFI
Winnipeg Free Press
a day ago
- Business
- Winnipeg Free Press
Trucking firm TFI sees second-quarter profit dip as market weakness persists
MONTREAL – TFI International Inc. has reported a drop in second-quarter profit as weak demand took a toll on the volume of goods it hauls. Canada's largest trucking firm reported net income of US$98.2 million for the three months ended June 30, down from US$115.7 million a year earlier. That amounted to earnings of US$1.17 per diluted share, a decrease from US$1.36 during the same 2024 period. Revenue was US$2.04 billion versus US$2.26 billion in the prior-year quarter. Montreal-based TFI says the decrease was mainly due to reduced volumes driven by weaker end-market demand. Chief executive Alain Bédard says the company was able to perform despite still-subdued market conditions and he's pleased that during the quarter TFI was able to pay a dividend and buy back shares. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 28, 2025. Companies in this story: (TSX: TFII)
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Trucking firm TFI sees second-quarter profit dip as market weakness persists
MONTREAL - TFI International Inc. has reported a drop in second-quarter profit as weak demand took a toll on the volume of goods it hauls. Canada's largest trucking firm reported net income of US$98.2 million for the three months ended June 30, down from US$115.7 million a year earlier. That amounted to earnings of US$1.17 per diluted share, a decrease from US$1.36 during the same 2024 period. Revenue was US$2.04 billion versus US$2.26 billion in the prior-year quarter. Montreal-based TFI says the decrease was mainly due to reduced volumes driven by weaker end-market demand. Chief executive Alain Bédard says the company was able to perform despite still-subdued market conditions and he's pleased that during the quarter TFI was able to pay a dividend and buy back shares. This report by The Canadian Press was first published July 28, 2025. Companies in this story: (TSX: TFII)
Metro
18-07-2025
- Science
- Metro
France's new rocket Baguette One to go where no baker has gone before
If seeing a gigantic baguette flying in space is on your bucket list, do we have news for you. Well, kind of. France will soon have a new player in the space race – a rocket called Baguette One. Humankind reaching the heavens was once unthinkable, with the rockets that have made it possible named after ancient gods like Apollo or mythical creatures like Pegasus. Then there's the boulangerie name that the Bordeaux-based start-up HyPrSpace has come up with for its 10-metre-high pocket rocket. Baguette One is intended to be a trial run for the company's larger rocket, the Orbital Baguette One (or OB-1, pronounced 'Obiwan', a nod to the Star Wars Jedi Obi-Wan Kenobi). HyPrSpace CEO, Sylvain Bataillard, said she wanted to be 'serious but not sinister' when it came to picking a name. But the name wasn't quite serious enough for the presenters at TFI, France's main broadcaster, when they covered the Baguette One yesterday. When journalist Adrien Portron began giving a rundown on the rocket to the panel, even he struggled to keep a straight face when they were shown an AI-generated image of a baguette on a launchpad. Both baguette rockets are micro-launchers – delivery vans for small, 300kg satellites that drift just above the Earth's atmosphere. 'To understand, we can compare heavy-lift launchers to micro-launchers,' Bataillard told CNews. 'A micro-launcher is like a 'taxi' with a high fare currently between $40,000 and $50,000 per kilo to take it into space. A large launcher is like a bus with fares less than $10,000 per kilo. 'But with our rocket, we could offer a 'taxi' for around €20,000/kg.' These cosmic cabs will rely on a cheap, eco-friendly engine (at least, in the multi-million world of spacecraft propulsion systems), Bataillard said. Rather than using rocket fuel, 'space bakers' designed hybrid boosters that use a mixture of solid and liquid propellants, such as recycled plastic. Neither of the baguettes will use a turbopump, a costly piece of equipment which pushes high-pressure fluid into the engine's combustion chamber. Baguette One will be launched from one of three military bases next year -Biscarrosse, Saint-Médard-en-Jalles or Île du Levant – making it the first rocket launch in metropolitan France. HyPrSpace's Baguette One isn't a half-baked idea, though. Backed by President Emmanuel Macron, the firm received €35million (about £30million) in subsidies last year. This is part of the French government's France 2030, a fund that invests in innovative technologies. French defence officials have expressed an interest in HyPrSpace's propulsion technology as a novel way to chuck satellites into space. More than 26,000 satellites will be launched by 2032, amounting to eight satellites a day, consultancy firm Novaspace estimates. Elon Musk's rocket company, SpaceX, owns around two-thirds of the sofa-sized orbiters whizzing above your head right now, according to the satellite tracker CelesTrak. Yet studies have shown that all this hardware above our heads means more harmful metals lingering in the atmosphere, while some space officials worry that the final frontier is becoming a celestial rubbing tip. Bataillard, however, remains optimistic. 'Space today is like the internet in the 1990s,' she added. 'We know that a lot of things are going to happen.' Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Felix Baumgartner's chilling last Instagram post moments before he died mid-air MORE: A new world may have been discovered beyond Neptune MORE: Asteroid size of 10-storey building to fly past Earth at 13,900mph today
Business Standard
15-07-2025
- Business
- Business Standard
Rudra Ecovation Showcases Anaura at Textile Fair India (TFI) 2025
PNN New Delhi [India], July 15: Rudra Ecovation Ltd, Asia's largest vertically integrated recycling facility, participated in the Textile Fair India (TFI) held at Bharat Mandapam, Pragati Maidan, from July 10-12, 2025. The three-day event saw the who's who of India's textile and fashion industry, including major players like Reliance, coming together to explore sustainable innovations for the future. Rudra Ecovation is India's only integrated plastic recycling plant with a capacity to recycle over 8.8 million PET bottles each day, saving approximately 1.4 lakh metric tonnes of CO₂ emissions annually. Fabric Production capacity of 3,20,000 Sq. Mt. each day. At the event, the company showcased its flagship upcycled fabric innovation - Anaura. Anaura versatile range of fabrics are widely used in fashion apparel, sportswear, and home furnishings, and is available in both 100% sustainable and blended fabric options. Not only sustainable, Anaura also meets the best international quality standards, making it the preferred choice for premium brands worldwide. Rudra Ecovation displayed its recent merchandise collaborations for global giants Ferrari and Shell, underlining Anaura's versatile application and premium quality. Leading Indian brands like Octave have also adopted Anaura for their product ranges. Equipped with latest European machinery and advanced AI & ML-based quality control systems, Rudra Ecovation is rapidly becoming the top preference for high-quality premium recycled fabrics in both domestic and global markets. Their commitment to India's China Plus One strategy is evident, as the company strengthens its position as a reliable import substitute. With UK export markets opening up for textiles, Rudra Ecovation stands to benefit significantly, backed by its unique product range and massive production capacity of 3,20,000 sq. m. of Anaura fabric each day. Speaking about the event, a company spokesperson said: "Textile Fair India (TFI) provided an excellent platform to highlight Rudra Ecovation's commitment towards circular economy solutions. Anaura represents our dedication to creating high-quality, eco-conscious fabrics that empower brands to meet their sustainability goals without compromising on design or comfort." About Rudra Ecovation: Rudra Ecovation is a pioneer in India's recycling and sustainability landscape. With a fully integrated recycling setup, it transforms used PET bottles into high-quality recycled fibres and fabrics. Its diverse product range includes: * Anaura - premium recycled fabrics for fashion, sports, and furnishings * Recycled polyester staple fibre (PSF) * Recycled PET flakes
Hypebeast
12-07-2025
- Entertainment
- Hypebeast
Tropical Futures Institute & Eastern Margins Dive Into Asia's Digital Diaspora
Tropical Futures Institute(TFI), Chris Fussner's tropics-inspired label, has linked withEastern Marginsto produce a special capsule inspired by their overlapping focus on Asian underground culture and diasporic identity. Together, TFI and the London-based collective described as the 'home of Alternative Asian culture' propose a new aesthetic that draws from the realms of digital culture, Drain Gang, and tropical themes. The collaborators describe the collection as 'built for heat, 'born from the tropics,' and 'styled for the margins.' Comprising a pink baby tee, a cobranded bike jersey, a graphic t-shirt, an embroidered trucker cap, and a sarong, each piece encapsulates the visual language of DIY aesthetics and rave art throughout East and Southeast Asia. The sarong is a highlight, borrowing a common garb traditional to various tropical Asian cultures and using it as the canvas for the 'tropical drainer' design by Bea Cruz. Elsewhere, the bike jersey features an airbrushed retro floral illustration on the backside and bold typography on the front. TFI was founded by Chris Fussner in 2017 in response to what he saw as a lack of investigation surrounding contemporary culture in the tropics, particularly in the Philippines and wider Southeast Asia. In a recent statement, Fussner shared that TFI aims to represent diverse expressions across the tropics, 'bridging art, design, and research.' Some may be familiar with TFI's work withDenim Tears, which popularized the now ubiquitous 'LATE CAPITALISM' graphic emblazoned on caps and tees. First released at Dover Street Market Singapore, the collaboration is now available at theTFI web store. See the gallery above for a look at the campaign shot by Khristiandt Lerona.
