Company Overview

TFI International is a leading North American transportation and logistics company headquartered in Saint-Laurent, Quebec, operating across the U.S., Canada, and Mexico. In 2024, it generated over US$8 billion in revenue, supported by more than 27,000 employees and 650 facilities, and is recognized as a top 10 provider in the industry.

Key Leadership

Executive Team:

CEO: Alain Bédard
CFO: David Saperstein

Employee Demographics:

Global Workforce: 27,205

Equipment & Infrastructure

Specialized Equipment:

Trucking Fleet: Operating over 14,000 company-owned power units and nearly 10,000 owner-operator tractors across North America
Trailer Fleet: Utilizing nearly 50,000 trailers for freight, logistics, and specialized transport operations

Technology Platforms:

TForce 3PL Platform: End-to-end logistics management system covering demand creation, delivery assignment, real-time shipment tracking, and carrier/driver settlement for over 375 carrier partners across North America

Warehouses & Logistics Hubs

Major Facilities:

Montreal Terminal: Major transportation hub located in Montreal, QC, facilitating shipping throughout Canada with extensive capacity and strategic location
Chicago Terminal: Key transportation hub in Chicago, IL, supporting shipping throughout the Midwest with significant operational scale

Certifications:

ISO 9001:2015: Quality management system standard that ensures consistent product and service quality across certified operating companies within TFI International.

Operational Capabilities:

Adjusted Operating Ratio: 93.1% for Less-Than-Truckload segment (Q1 2025)
Free Cash Flow: $191.7 million for Q1 2025, up 40% year-over-year
Return on Invested Capital: 14.4% for Q1 2025

warehouses and logistics hubs showcasing modern distribution centers, automated facilities, and supply chain infrastructure

Global Locations & Network

Extensive global network connecting businesses worldwide with reliable logistics solutions.

Geographic Scope:

TFI International operates an extensive transportation and logistics network spanning Canada, the United States, and Mexico, with 658 facilities (388 in the U.S. and 270 in Canada), over 14,000 trucks, and more than 7,500 independent contractors as of 2024. Its scale includes over 27,000 employees and a diverse customer base, making it one of the largest providers in North America with comprehensive geographic reach and service capabilities.

Strategic Hubs:

Montréal, Canada: The Montréal hub serves as TFI International’s global headquarters and a central logistics hub, coordinating company-wide operations and supporting major freight flows throughout Eastern Canada and cross-border shipments.
Toronto, Canada: The Toronto terminal is a key distribution center for TFI International, handling high volumes of freight for the Greater Toronto Area and acting as a strategic gateway for shipments across Canada and into the United States.
Vancouver, Canada: The Vancouver terminal is a major port facility for TFI International, facilitating international trade with Asia and supporting west coast logistics and distribution.
Winnipeg, Canada: The Winnipeg terminal is a critical trucking hub for TFI International, enabling efficient freight movement throughout the Canadian Prairies and serving as a central point for regional distribution.
Calgary, Canada: The Calgary terminal supports TFI International’s operations in Western Canada, with a focus on serving the oil and gas sector and facilitating freight flows across Alberta and neighboring provinces.
Chicago, USA: The Chicago terminal is a major Midwest hub for TFI International, supporting large-scale freight distribution throughout the central United States and connecting to national trucking and rail networks.
Los Angeles, USA: The Los Angeles terminal is a key port and logistics hub for TFI International, managing significant import and export volumes and serving as a primary gateway for transpacific shipments.
New York City, USA: The New York City terminal enables TFI International to efficiently serve the dense Northeastern U.S. market, handling high-value and time-sensitive shipments for business and financial sectors.
Dallas, USA: The Dallas terminal is a major southern hub for TFI International, supporting freight distribution across Texas and the broader Southwest region.
Houston, USA: The Houston terminal is strategically important for TFI International’s operations in the Gulf Coast, facilitating freight flows related to energy, petrochemicals, and international trade with Latin America.

Partnerships:

TFI International's strategic partnerships and alliances include a long-standing alliance with DHL for international services and a network of partnerships that enable customers to access more carriers, supporting its cross-border logistics and service optimization.

Carrier Partners & Alliances

Strategic partnerships and alliances that enhance our global reach and service capabilities.

Strategic Partnerships:

Partner	Type
UPS Freight	Acquisition
Daseke Inc.	Acquisition
Siemens Transportation Group	Acquisition
Hot Line Freight Systems	Acquisition
Heartland Express	Divestiture/Strategic Transaction

Service Portfolio

Comprehensive range of logistics and transportation services tailored to meet diverse customer needs.

Core Services:

Package and Courier: Delivery of parcels and documents with time-definite options, leveraging a network of specialized subsidiaries for efficient and reliable service across North America
Less-Than-Truckload (LTL): Transportation of freight shipments that do not require a full truck, offering cost-effective solutions for smaller loads through road and intermodal services

Value-Added Services:

Customs Clearance and Brokerage: Facilitates the smooth import and export of goods by handling all customs documentation and compliance, reducing delays and ensuring shipments move efficiently across borders.
Inventory Management: Provides real-time tracking and control of inventory, optimizing stock levels and improving supply chain efficiency for customers.

Digital Offerings:

Microsoft Azure Cloud Services: Cloud-based application hosting and computing platform used for scalable IT infrastructure and digital transformation

Industry Reputation & News

Recognition and achievements that demonstrate our commitment to excellence and innovation.

Recent Developments:

TFI Abandons Move to US After Shareholder Backlash: In early 2025, TFI International reversed its decision to relocate its legal headquarters to the United States following significant opposition from shareholders, maintaining its Canadian base and demonstrating responsiveness to investor concerns.

Analysis & Future Outlook

Strategic vision and future initiatives that will shape the next generation of logistics services.

Strengths:

Extensive Network and Diversified Services: TFI International operates through more than 100 wholly-owned subsidiaries across North America, offering a comprehensive suite of transportation and logistics services that serve a broad range of industries and customer needs.

Weaknesses:

High Dependency on North American Market: TFI International generates approximately 98.6% of its revenue from North America, limiting its global diversification and exposing it to regional economic risks.

Opportunities:

Expansion Through Acquisitions: TFI International has a proven track record and ongoing strategy to grow by acquiring other companies, particularly in the truckload and less-than-truckload (LTL) sectors, with plans to accelerate this activity in 2025 and 2026.

Risks:

Economic Downturn Impact: TFI International is exposed to risks from weaker market demand, which can lead to decreased revenues and operating income, as seen in recent quarters.

Strategic Initiatives:

Growth Through Acquisitions: TFI International pursues a strategy of expanding its market presence and service capabilities by acquiring companies, particularly in the truckload and less-than-truckload (LTL) sectors, with a disciplined focus on integration and synergy realization.

TFI International