07:49:21 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 84,555,210
Close 2024-04-30 C$ 179.28
Market Cap C$ 15,159,058,049
Recent Sedar Documents

Post/CP say TFI Int'l has concerns about U.S. election

2024-04-30 06:11 ET - In the News

The Financial Post reports in its Tuesday edition that the head of Canada's biggest trucking company says the upcoming U.S. election is straining an already weak market for freight. A Canadian Press dispatch to the Post says that uncertainty over the outcome of the political contest this fall means some customers are holding off on shipments until the result becomes clear, said Alain Bedard, chief executive officer of TFI International. On a conference call with analysts on Friday, Mr. Bedard gave the example of a green energy company spun off from General Electric, claiming GE Vernova's wind turbine business could suffer depending on who wins after ballots are cast on Nov. 5. "If it's candidate one, he's against windmills, so that business is going to fall. If you take the No. 2 guy, well he likes windmills, he's more green. So that's why we have these kinds of customers just sitting on the fence not knowing where the ball is going to drop -- left or right," Mr. Bedard said. "We still anticipate this freight recession will not change probably before '25. We have an election year in the U.S. A lot of our customers are just waiting to see what's going to happen." TFI closed Monday at $185.54, down $2.33 in Toronto.

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