TFI International shares rise on strong first-quarter results and improved freight outlook
Updated
Updated · MarketWatch · Apr 28
TFI International shares rise on strong first-quarter results and improved freight outlook
10 articles · Updated · MarketWatch · Apr 28
Shares climbed 6.3% to C$200.38 after adjusted earnings reached 69 cents, surpassing forecasts and company guidance despite revenue slipping to $1.95 billion and net income dropping to $43.3 million.
Strategic acquisitions and higher profitability in Truckload and Logistics offset adverse weather and sector challenges, positioning TFI to benefit from recent improvements in freight demand.
Industry peers like Mullen Group also report early signs of sector recovery, though risks remain from higher fuel costs and ongoing supply chain disruptions.
How will TFI fix its struggling U.S. trucking division amid rising market volatility?
With fuel costs soaring from the Iran conflict, can the freight recovery truly last?
As shipping costs surge, what can businesses do to protect their bottom line?
How is the global supply chain crisis reshaping long-term international trade strategies?
Why are logistics firms slow to adopt AI despite facing unprecedented supply chain chaos?