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Investors who lost money on TFI International Inc. (TFII) should contact Levi & Korsinsky about pending Class Action - TFII
GlobeNewswire News Room· 2025-05-05 17:45
Core Viewpoint - TFI International Inc. is facing a class action securities lawsuit due to alleged securities fraud impacting investors between April 26, 2024, and February 19, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that TFI International Inc. made false statements and concealed critical information regarding the loss of small and medium business customers [2] - It is alleged that the decline in TForce revenue was a direct result of losing these customers [2] - The company reportedly faced challenges in managing its costs, leading to a decline in profitability for its largest business segment [2] - Positive statements made by the defendants about the company's business operations and prospects were deemed materially misleading and lacked a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against TFI International Inc. (NYSE: TFII)
GlobeNewswire News Room· 2025-05-05 16:15
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of investors (the “Class”) who purchased or acquired the securities of TFI International Inc. (“TFI” or the “Company”) (NYSE: TFII) between April 26, 2024 and February 19, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company an ...
TFII LAWSUIT ALERT: The Gross Law Firm Notifies TFI International Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-05-01 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TFI International Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from April 26, 2024, to February 19, 2025 [1] Allegations - The complaint alleges that TFI International Inc. was losing small and medium business customers [1] - As a result of the loss of customers, TFI's TForce revenue was declining [1] - The company was experiencing difficulties in managing its costs [1] - The profitability of TFI's largest business segment was declining due to the aforementioned issues [1] - Defendants' positive statements about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1] Class Action Details - Shareholders who purchased shares of TFI during the specified class period are encouraged to register for the class action [2] - The deadline for shareholders to seek lead plaintiff status is May 13, 2025 [2] - There is no cost or obligation for shareholders to participate in the case [2] Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3]
TFII DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages TFI International Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TFII
GlobeNewswire News Room· 2025-04-30 21:36
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TFI International Inc. (NYSE: TFII) between April 26, 2024 and February 19, 2025, both dates inclusive (the “Class Period”), of the important May 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased TFI International securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ar ...
Lost Money on TFI International Inc.(TFII)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-04-29 09:45
Core Viewpoint - A class action securities lawsuit has been filed against TFI International Inc. alleging securities fraud that negatively impacted investors between April 26, 2024, and February 19, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that TFI International Inc. made false statements and concealed critical information, including the loss of small and medium business customers [2]. - It is alleged that the decline in TForce revenue was a direct result of losing these customers [2]. - The company reportedly faced challenges in managing its costs, leading to a decline in profitability in its largest business segment [2]. - Positive statements made by the defendants regarding the company's business operations and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Class Action Filed Against TFI International Inc. (TFII) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-04-28 16:34
NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of TFI International Inc. (NYSE: TFII). Shareholders who purchased shares of TFII during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/tfi-international-inc-loss-submission-form/?id=145077&from=3 CLASS PERIOD: A ...
TFII FINAL DEADLINE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages TFI International Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TFII
GlobeNewswire News Room· 2025-04-27 21:12
Core Viewpoint - Rosen Law Firm is reminding investors who purchased TFI International Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on May 13, 2025, for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased TFI International securities between April 26, 2024, and February 19, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lead plaintiff must file a motion with the Court by May 13, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, TFI International made false or misleading statements and failed to disclose significant issues, including the loss of small and medium business customers and declining revenue in its TForce Freight segment [5]. - It is claimed that TFI International faced difficulties in managing costs, leading to a decline in profitability for its largest business segment, which rendered the company's positive statements materially misleading [5].
TFII Deadline: TFII Investors with Losses in Excess of $100K Have Opportunity to Lead TFI International Inc. Securities Fraud Lawsuit
Prnewswire· 2025-04-25 20:06
NEW YORK, April 25, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TFI International Inc. (NYSE: TFII) between April 26, 2024 and February 19, 2025, both dates inclusive (the "Class Period"), of the important May 13, 2025 lead plaintiff deadline.So what: If you purchased TFI International securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...
TFI International (TFII) - 2025 Q1 - Earnings Call Transcript
2025-04-24 20:23
Financial Data and Key Metrics Changes - The company reported total revenue before fuel surcharge of $1.7 billion, up from $1.6 billion a year earlier, supported by the Daseke acquisition [5] - Operating income was $115 million with an operating margin of 6.7%, down from $152 million and a margin of 9.4% in the prior year [6] - Adjusted net income was $56 million, down from $93 million, with adjusted EPS of $0.76, down from $1.24 a year earlier [6] - Free cash flow was $192 million, up from $137 million, benefiting from favorable working capital and strong management of capital expenditures [7] - The funded debt-to-EBITDA ratio was 2.21% at the end of March [11] Business Segment Data and Key Metrics Changes - LTL segment revenue was $679 million, down 13% year-over-year, contributing 39% of segmented revenue [7] - Truckload segment revenue was $666 million, up from $398 million a year earlier, contributing 38% of segmented revenue [9] - Logistics segment revenue was $385 million, down from $442 million in the prior year, contributing 22% of segmented revenue [11] - LTL operating income was $47 million, down from $85 million, with an operating ratio of 93.1% compared to 89.2% in the prior year [8] - Truckload operating income was $49 million, up from $41 million, with an operating ratio of 93.7% compared to 89.6% a year earlier [9] - Logistics operating income was $31 million, down from $40 million, with an operating margin of 8.1% versus 9.1% [11] Market Data and Key Metrics Changes - The company noted a slowdown in freight volume across the industry due to economic uncertainty [4] - The industrial end markets faced tariff-related uncertainty, impacting performance [9] - The company observed a decline in miles in the industrial sector, down 10% to 15% in Q1, improving to high single-digit declines in April [45] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet while strategically investing in organic growth and M&A opportunities [5] - There is a focus on improving operational efficiency and customer service, particularly in the US LTL market [22][106] - The company is shifting its focus back to small and medium-sized accounts, which had been lost in favor of larger corporate accounts [25][67] - The company plans to reduce capital expenditures from $300 million to approximately $200 million for the year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the macroeconomic environment, making it difficult to predict full-year performance [17] - The company expects EPS in the range of $1.25 to $1.40 for Q2, based on current trends [12] - Management noted improvements in morale and operational focus within the team, which is expected to drive better performance [63][92] - The company anticipates a gradual improvement in operating ratios, aiming for a sub-90 OR in the future [26][62] Other Important Information - The company repurchased $56 million worth of shares during the quarter, returning $94 million of excess cash to shareholders [11] - The company closed two small M&A deals in Q2 but is cautious about pursuing larger acquisitions due to market uncertainties [53][56] Q&A Session Summary Question: Can you unpack the Q2 guidance? - Management provided a range of $1.25 to $1.40 for Q2 EPS, citing uncertainty in the macro environment [17] Question: What are the operational improvement plans? - Management discussed technology improvements and a focus on pricing strategies to enhance efficiency [32] Question: Are there shifts in customer buying patterns? - Management noted that customers are hesitant due to uncertainty, impacting order volumes [42] Question: What is the outlook for Daseke? - Management indicated that Daseke's OR was closer to 96% in Q1, with plans to improve operational efficiency [118] Question: How is the company addressing service quality? - Management emphasized the need to improve linehaul services and reduce missed pickups to enhance customer satisfaction [106] Question: What is the competitive landscape like? - Management acknowledged losing market share but is focused on improving service quality to regain it [95]
Here's What Key Metrics Tell Us About TFI International (TFII) Q1 Earnings
ZACKS· 2025-04-24 02:30
Financial Performance - TFI International Inc. reported $1.96 billion in revenue for the quarter ended March 2025, a year-over-year increase of 5% [1] - The EPS for the same period was $0.76, down from $1.24 a year ago, indicating a significant decline [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.07 billion, resulting in a surprise of -5.26% [1] - The company experienced an EPS surprise of -20.00%, with the consensus EPS estimate being $0.95 [1] Key Metrics - Adjusted Operating Ratio was reported at 93.7%, slightly above the estimated 93.5% [4] - Canadian LTL shipments were 537 thousand, below the estimated 584.91 thousand [4] - U.S. LTL shipments totaled 1.27 million, slightly below the estimate of 1.3 million [4] - Revenue before fuel surcharge was $1.71 billion, compared to the average estimate of $1.84 billion, representing a year-over-year change of +6.4% [4] - Fuel surcharge revenue was $249.89 million, slightly above the average estimate of $242.50 million, but down -3.6% year-over-year [4] - Revenue from Truckload was $757.77 million, significantly exceeding the estimate of $622.69 million, reflecting a +90.5% change year-over-year [4] - Revenue from Less-Than-Truckload was $815.74 million, surpassing the estimate of $729.55 million, with a +19.8% year-over-year increase [4] - Revenue from Logistics was $405.69 million, below the average estimate of $449.56 million, showing an -8.2% year-over-year decline [4] Stock Performance - TFI International's shares returned -6.1% over the past month, compared to the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]