TFI International announces strong second quarter results

TFI International has once again posted very strong results for the second quarter, despite challenging market conditions. The company reported year-over-year growth in both revenue and operating income across all its business sectors.

« Our performance has been driven by the impressive execution of our team, including at Daseke, a recently acquired company, where the integration work is already well underway, » said Alain Bédard, Chairman, President, and CEO of TFI International. « We are also seeing strong results in the U.S. less-than-truckload (LTL) segment, with continuous improvements in tonnage, weight per shipment, and revenue per shipment. »

Consolidated net cash flows from operating activities reached nearly $250 million, while free cash flow exceeded $150 million, both showing significant increases over the past year. These robust cash flows are crucial for TFI International’s ability to create value through strategic investments, regardless of market conditions, while also returning excess capital to shareholders when possible.

With these results, TFI International continues to demonstrate its ability to navigate a complex economic environment and maintain a trajectory of growth and profitability. Investors and shareholders can thus be assured of the company’s financial stability and strength.