19:10:36 EST Sun 08 Feb 2026
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TFI International Inc
Symbol TFII
Shares Issued 84,203,642
Close 2025-02-21 C$ 134.80
Market Cap C$ 11,350,650,942
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Globe says TFI keen to be part of Trump's Golden Age

2025-02-21 07:51 ET - In the News

The Globe and Mail reports in its Friday edition that TFI International wants to move its headquarters south, saying the Trump administration will be great for business. The Globe's Nicolas Van Praet writes, however, that one of its top shareholders is pushing back. The Montreal freight carrier says it intends to redomicile to the United States while maintaining its staffing levels in Canada. The shift would have to go to shareholders for approval, TFI boss Alain Bedard told analysts on a call Thursday. Mr. Bedard said he wants to better align TFI with its commercial presence and shareholder base. About 70 per cent of the company's operations are currently in the U.S., together with just under half of its investors. He also had praised U.S. President Donald Trump's leadership. "I feel really that those guys will do a great job -- the new administration," he said. The move comes as a trade war looms between Canada and the U.S. and highlights the difficulty this country could have in maintaining its corporate bench strength. Mr. Trump wants to impose tariffs on imports as a way to force manufacturers and other companies based outside its borders to move there. The Caisse pension fund is not happy with TFI's plans.

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