TFI International (TFII)
Runs acquisition-built LTL, truckload, and logistics networks across North America.
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Moves freight across North America through Less-Than-Truckload, Truckload, and Logistics operations. An acquisition-led, decentralized model keeps many subsidiaries under local brands, while the UPS Freight and Daseke deals shifted the group toward U.S. LTL and specialized truckload.
Moves freight across North America through Less-Than-Truckload, Truckload, and Logistics businesses, with locally branded operating companies serving regional and specialized markets. The UPS Freight purchase created TForce Freight and shifted the revenue mix toward the United States; Daseke added flatbed and specialized truckload operations.
Builds network density and service breadth through repeated acquisitions while leaving many subsidiaries under their own brands and management teams. The parent supplies financial and operational resources within a decentralized, cost-conscious model.
Execution depends on integrating acquired businesses and improving U.S. LTL performance. TForce Freight narrowed its operating gap most recently but remained less efficient than Canadian LTL, while union pension obligations remain attached to the U.S. freight business. The parent remains Canadian after withdrawing a proposed U.S. domicile move following shareholder feedback.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | Stephens | Reiterate | Rating: —Target: $105 | Target: $205 |
| Jul 28, 2026 | UBS | Reiterate | Rating: —Target: $171 | Target: $159 |
| Jul 28, 2026 | Raymond James | Target | Target: — | Target: $187 |
| Jul 21, 2026 | Stifel Nicolaus | Target | Target: $136 | Target: $150 |
| Jul 16, 2026 | Scotiabank | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $205.4M · Total debt $3.05B · Total assets $7.49B · Shareholders' equity $2.74B
- Revenue
- $2.29B
- Operating income
- $213.0M
- Net income
- $136.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 67.94% | 57.34M ADS | |
|---|---|---|---|
| 307 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 12.24% | 10.33M ADS | |
| 2 holders · as of Feb 10, 2022 | |||
| Other | ≈ 19.82% | 16.73M ADS | |
| remainder | |||
84.41M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Caisse de Depot et Placement du QuebecInstitution | 7.50% | 6.33M ADS | as of Jun 30, 2026 |
Alain BédardInsider | 6.86% | 5.79M | filed Feb 12, 2021 |
FIL LtdInstitution | 5.43% | 4.58M ADS | as of Jun 30, 2026 |
Emanuele SaputoInsider | 5.38% | 4.54M | filed Feb 10, 2022 |
Jupiter Topco LLCInstitution | 4.25% | 3.59M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- XPO
Asset-based North American LTL carrier and direct TForce Freight rival
- Knight-Swift Transportation
Diversified North American truckload, LTL, and logistics operator
- C.H. Robinson Worldwide
Global freight brokerage and managed transportation provider
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TFI International | $125.95 | +0.37% | $10.31B | 28.5 | 17.7 | 1.2 | +12.4% |
| XPO | $178.88 | +2.60% | $20.41B | 51.4 | 30.3 | 2.4 | +13.2% |
| Knight-Swift Transportation | $66.64 | +0.03% | $10.84B | 257.9 | 20.1 | 1.4 | +12.6% |
| C.H. Robinson Worldwide | $151.91 | −0.61% | $18.02B | 29.2 | 22.1 | 1.1 | +19.3% |
| Median | 51.4 | 22.1 | 1.4 | +13.2% |