TFI International’s second quarter earnings showed struggles, but investors are focusing on positive metrics. Stock price rose over 6% post-announcement. Adjusted net income per share was $1.34, beating forecasts by 11 cents. CEO Alain Bedard highlighted improved margins in LTL, truckload, and logistics segments. Operating ratios and free cash flow also improved.
Bedard expressed confidence in regaining control of U.S. LTL operations, showing improved performance. Focus on free cash flow and asset-light operations. Company repurchased shares worth $84.9 million in the quarter. Despite challenges in U.S. LTL and tariffs impacting yields, TFI remains optimistic about growth and strategic changes.
Read more at Yahoo Finance: Sequential numbers at diversified trucking operator TFI International may mark a turnaround
