TFI International Reports Strong Q2 Earnings with Improved Performance Across Segments
TFI International (NYSE: TFII) reported second-quarter results that exceeded expectations. Adjusted earnings per share rose to CAD 1.85, up from a projected range of CAD 1.50–CAD 1.60 and an increase of 38% year over year. Revenue before fuel surcharge grew by 6% to CAD 1.9 billion, while operating income climbed nearly 30% to CAD 220 million. The company's truckload segment led the performance with a 50% rise in operating income and an improved adjusted operating ratio of 86.1%, driven by tighter capacity and stronger pricing. The LTL (less-than-truckload) business also showed profitable growth, though management plans to reduce low-priced third-party logistics volume to focus on pricing discipline. TFI provided a Q3 earnings forecast but withheld full-year guidance due to uncertainty around the LTL recovery. The company is exploring acquisitions and launching an autonomous trucking pilot for U.S. operations.
Tickers: $TFII
Topics: financial performance freight logistics transportation