First look: Some US LTL indicators at TFI International turn higher

TFI International showed some signs of improvement in its U.S LTL division in the fourth quarter of 2025, which has been a key goal of company management. But the TFI (NYSE: TFII)  earnings report released Tuesday showed other data points reflecting continued weakness. TFI’s U.S. LTL operations have at its core the UPS Freight operations the company acquired in 2021.    On the positive side, the U.S. LTL’s adjusted operating ratio (OR) improved year-over-year to 95.3% from 97.3%. The average weight per ...