Updated
Updated · trucknews.com · Apr 28
TFI International reports lower first-quarter earnings amid weaker freight demand
Updated
Updated · trucknews.com · Apr 28

TFI International reports lower first-quarter earnings amid weaker freight demand

9 articles · Updated · trucknews.com · Apr 28
  • Operating income dropped to $96.6 million and net income to $43.3 million, with adjusted diluted EPS at $0.69. Revenue held steady at $1.95 billion, aided by recent acquisitions.
  • Truckload and logistics segments saw operating income gains, while LTL fell 35%. Executives noted improving market conditions, especially in truckload, and forecast Q2 adjusted EPS between $1.50 and $1.60.
  • CEO Alain Bédard highlighted tightening truckload capacity and stabilizing U.S. LTL operations, with shipments rebounding. The company remains cautious, citing uncertainty in trade negotiations and fuel markets, but expects 2026 to be a transition year.
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