Workflow
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against TFI International Inc. (NYSE: TFII); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against TFI International Inc. and certain senior executives for alleged violations of federal securities laws during the class period from April 26, 2024, to February 19, 2025 [1][5]. Group 1: Company Overview - TFI International Inc. is a transportation and logistics company operating in the United States and Canada, with four segments: Package & Courier, Less-than-Truckload (LTL), Truckload, and Logistics [4]. - Approximately 43% of TFI's revenue is derived from its LTL segment, which includes TForce Freight, acquired from United Parcel Service, Inc. in April 2021 [4]. Group 2: Allegations and Issues - The lawsuit alleges that TFI's executives made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [5]. - Specific issues cited include the loss of small and medium-sized customers, declining TForce Freight revenue, struggles in cost management, and negative impacts on LTL segment profitability [5][6]. Group 3: Impact of Disclosure - The truth about TFI's challenges was revealed on February 19, 2025, during a conference call discussing the fourth quarter and full year 2024 financial results, where executives acknowledged significant customer losses and cost management issues [6][7]. - Following this disclosure, TFI's stock price fell by $26.13 per share, or 20.5%, closing at $101.48 per share on February 20, 2025 [7].