Latest news with #TFIInternationalInc.
Winnipeg Free Press
28-07-2025
- 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
28-07-2025
- 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)
Hamilton Spectator
08-07-2025
- Business
- Hamilton Spectator
TFI International to Release 2025 Second Quarter Results
MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) — TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it will release its financial results for the second quarter ended June 30, 2025 via news release on Monday, July 28, 2025 after market close. The company will host a webcast with Alain Bédard, Chairman, President and Chief Executive Officer, and David Saperstein, Chief Financial Officer, on Monday, July 28, 2025 at 5:00 PM Eastern Time, to discuss results. Webcast Details: 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 New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII. For more information, visit . For further information: Alain Bédard Chairman, President and CEO TFI International Inc. 647-729-4079 abedard@
Yahoo
03-04-2025
- Business
- Yahoo
TFI International to Release 2025 First Quarter Results
MONTREAL, April 03, 2025 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it will release its financial results for the first quarter ended March 31, 2025 via news release on Wednesday, April 23, 2025 after market close. The company will host a webcast with Alain Bédard, Chairman, President and Chief Executive Officer, on Thursday, April 24, 2025 at 9:00 AM Eastern Time, to discuss results. Webcast Details: Date: Thursday, April 24, 2025 Time: 9:00 AM Eastern Time Live webcast & replay: Presentations & Reports within the Investors section of the Company website 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: Less-Than-Truckload; Truckload; Logistics. TFI International Inc. is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII. For more information, visit For further information:Alain BédardChairman, President and CEOTFI International Inc.647-729-4079abedard@ in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
TFI abandons plan to relocate to U.S. following shareholder backlash
Montreal-based TFI International Inc. is reversing plans to re-domicile from Canada to the United States just a few days after announcing its intention to move. Last week, TFI surprised investors by unveiling plans to change its legal headquarters to the U.S., raising the ire of a major shareholder, the Caisse de Depot et Placement du Quebec (CDPQ), which said in a statement that it would make its 'dissatisfaction' known. On Monday afternoon, TFI reversed course. 'Based on feedback from shareholders received to date, TFI International will remain a Canadian corporation and will not pursue its previously-announced intention to re-domicile from Canada to the United States,' the transport and logistics company said in a press release. Robert Yalden, the inaugural holder of the Stephen Sigurdson professorship in corporate law and finance at the Faculty of Law of Queen's University, said he was surprised that TFI had announced the move before speaking to shareholders, such as CDPQ, which has a four per cent stake in the company. CDPQ is particularly sensitive, he said, because it has a mandate of promoting business in Quebec and has a well-established history of pushing to keep head offices in the province. For example, when American private equity firm TPG bought a majority stake in Cirque du Soleil in 2015, Yalden said the CDPQ took a firm stance calling for the entertainment company's international headquarters to remain in Montreal. In 2013, CDPQ was also involved in the decision that Atrium Innovations Inc. kept its headquarters in Quebec when it was acquired by global investing firm Permira Holdings Limited and a group of Quebec investors. TFI's decision to redomicile would likely have drawn a reaction even without the wave of patriotism surging through the country in reaction to the threat of tariffs from the United States, Yalden said. 'This conversation has been going on in Quebec for a long time,' he said. 'The Caisse would have reacted like this no matter what.' Richard Leblanc, professor of governance, law and ethics at York University, said that a company would typically consult their major investors before making any significant transactions or moves. Although TFI attributed its initial plans to move to the U.S. to its larger American shareholder base and the fact that 70 per cent of its operations are now south of the border, Leblanc said it's important to note that one shareholder doesn't receive more precedence over another. He said this is 'a teachable moment' for many Canadian companies. 'I think what has been shown with the reversal of this company, is that you don't want to come out of the gate prematurely and commit to a particular course of action … before the politics have played out.' While U.S. President Donald Trump said Monday he will be moving forward with 25 per cent tariffs on most imports from Canada next week, Leblanc said he expects the federal government will provide aid packages to support Canadian industries and companies. A recent report from Desjardins projected that the provinces collectively have the fiscal capacity to deploy about $100 billion to subsidize industries and individuals impacted by the tariffs. Canadian firms urged to think 'carefully' before shifting to US 4 things that would be 'kryptonite' to Trump's tariff threats Leblanc said that it's possible any potential aid could be contingent on companies honouring their contracts with clients, employees and other groups — and remaining in Canada. 'The reputational risk profile for companies has changed because of what is occurring in public order,' he added, explaining that companies that are viewed as succumbing to the interests of Trump risk damaging their reputations amid the 'Buy Canada' movement. • Email: slouis@ Sign in to access your portfolio
