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TFI International Inc
Symbol TFII
Shares Issued 82,117,524
Close 2025-12-24 C$ 144.98
Market Cap C$ 11,905,398,630
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Globe says TFI Int'l hopes to recover from blunder

2025-12-29 06:29 ET - In the News

The Globe and Mail reports in its Saturday edition that one has to wonder what Alain Bédard was thinking. The Globe's John Heinzl writes that with Donald Trump's tariffs and 51st-state threats sparking a patriotic backlash north of the border, the chief executive officer of Montreal-based TFI announced in February that Canada's largest trucking company would change its legal incorporation to the United States. Lauding it as "the best place to be in the world in terms of business," he noted that 70 per cent of TFI's operations and about half of its shareholders were already located there. The blowback was fierce, especially within Quebec. "The company did not inform us of its intentions, and we will express to them our displeasure," said a spokesman for the Caisse pension fund, one of TFI's biggest shareholders. Just four days later, TFI abruptly reversed the decision, citing "feedback from shareholders." The flip-flop did nothing to help TFI's struggling share price. North American freight volumes and a string of disappointing quarterly results, fanned by tariff and economic uncertainty did not help. The stock seems to have the makings of a comeback, but there is still a steep climb to get back to its previous highs.

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