TFI International's Truckload Segment Outperforms in Q2
In the second quarter of 2026, TFI International reported strong performance from its truckload operations compared to a year ago. Revenue for the truckload segment increased by 12.6%, with adjusted EBITDA rising by nearly 15%. The operating ratio improved significantly as well, reaching 86.1%—up 400 basis points. In contrast, TFI's LTL operations showed mixed results: while some metrics like the operating ratio rose slightly and adjusted EBITDA increased modestly to $1.86 per share from $1.34 a year ago, key performance indicators such as revenue per hundredweight excluding fuel declined. The company’s overall financial health improved significantly in Q2 2026 compared to the same period in 2025, with net income rising by over $38 million and adjusted earnings per share climbing. Revenue composition also shifted slightly: manufactured goods now account for a larger portion of revenue than retail, while automotive shipments grew as well. Notably, TFI has reduced its equipment count significantly since the end of 2025, with fewer trucks, trailers, and independent contractors in operation.
Tickers: $TFII
Topics: ebitda logistics revenue_growth transportation