Reported about 17 hours ago
During TFI International's fourth-quarter earnings call, CEO Alain Bedard described the period as a 'disaster' particularly for U.S. less-than-truckload (LTL) operations, significantly affected by the UPS Freight acquisition and ongoing revenue pressures. The integration of Daseke, acquired in April, also presents challenges, although there is hope for improvement through cost-saving measures. Despite a significant year-on-year revenue increase, various performance metrics, including operating ratios and return on invested capital, worsened. Investors reacted negatively, with stock prices dropping noticeably, reflecting broader concerns about management of costs and operational efficiency.
Source: YAHOO