The struggles continue at TFI International’s U.S. less-than-truckload operations, which has at its core the former UPS LTL division that TFI bought in April 2021 – and that CEO Alain Bedard felt compelled on his third-quarter earnings call to insist the company did not regret acquiring.
The U.S. LTL division at TFI (NYSE: TFII) posted an adjusted operating ratio of 97.3% in the fourth quarter of 2024, compared to 91% in the fourth quarter of 2023. The OR for the group was 92.2% in the third...
https://www.freightwaves.com/news/first-look-more-weak-numbers-out-of-tfis-us-ltl-operations