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The latest update is out from TFI International ( (TSE:TFII) ).
TFI International reported its financial results for the fourth quarter and full year of 2024, highlighting a decrease in operating income and net income compared to the previous year due to weaker market demand. Despite this, the company generated significant cash flow, reduced debt, and increased its quarterly dividend by 13%. The acquisition of Daseke contributed to revenue growth in the Truckload segment, although other segments experienced declines. Moving forward, TFI is focused on maintaining strong cash flow, strategic investments, and returning capital to shareholders while navigating challenging market conditions.
More about TFI International
TFI International Inc. is a leading North American transportation and logistics company headquartered in Montreal, Quebec. It operates in the transportation industry, providing a wide range of services including truckload, less-than-truckload, and logistics solutions, with a focus on strategic acquisitions and operational efficiency.
YTD Price Performance: -3.14%
Average Trading Volume: 218,465
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10.79B
For detailed information about TFII stock, go to TipRanks’ Stock Analysis page.
