TFI International’s dramatic improvement to the profitability of the former UPS Freight business came as the Canadian company began confronting the “low-hanging fruit” of the LTL carrier’s unprofitable freight and shippers, CEO Alain Bedard said.
“We just scratched the surface,” Bedard told financial analysts on Monday evening after TFI delivered a stellar second quarter.
TFI (NYSE:TFII) had made no secret of plans to tackle unprofitable business when it announced the $800 million deal in...
https://www.freightwaves.com/news/tfi-confronts-unprofitable-thorns-in-ups-freight-turnaround