Reported 2 days ago
TFI International continues to face challenges in its U.S. less-than-truckload operations, particularly following its acquisition of the former UPS LTL division. In the fourth quarter of 2024, the adjusted operating ratio deteriorated to 97.3%, and revenue per hundredweight dropped from $28.81 to $27.73. The overall operating income for the LTL division fell significantly to $70.3 million from $106.2 million. Additionally, TFI plans to re-domicile in the U.S. despite nearly 70% of its business being based there. The earnings report disappointed investors, causing TFI's stock to drop nearly 6% post-release.
Source: YAHOO