00:55:34 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 85,878,945
Close 2023-09-18 C$ 179.19
Market Cap C$ 15,388,648,155
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Globe's Pape says if you want growth, buy TFI Int'l

2023-09-19 08:43 ET - In the News

The Globe and Mail reports in its Tuesday edition that TFI International is a great Canadian company that few know about. Globe columnist Gordon Pape writes that based in Montreal, it is a transportation and logistics giant, whose network spans more than 80 North American cities. It has more than 90 operating companies under its banner and employs 24,000 people. The company recently released second-quarter results. Revenue and profits were down compared with last year, but the board was not concerned, approving a 30-per-cent increase in the quarterly dividend to 35 cents, or $1.40 a year (all figures U.S.). Operating income was $192.4-million, down from $391-million in the same quarter last year. Management said the decline reflected reduced freight volumes and several non-recurring costs. Adjusted net income was $138.9-million ($1.59 a diluted share), down from $241.1-million ($2.61) in 2022. The acquisitive company is continuing down the same growth track that got it to this point. After the most recent quarter, TFI announced the purchase of B.C.-based Vedder Transportation Group, which specializes in food-delivery services. Vedder generates annual revenue in excess of $80-million. TFI now yields 1.1 per cent.

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