Tfi International Inc (TSE:TFII) has released an update.
TFI International Inc. reported a decline in first-quarter profit and operating income, citing challenging market conditions with a net income of $92.8 million down from $111.9 million in the same period last year. Despite the weaker market, the company saw increased revenue from acquisitions and made strategic advancements in its US LTL business, including a notable acquisition of Daseke. The financial results reflect a strong cash flow generation and a strategic approach to expanding shareholder value.
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