Overall TFI revenue up, but TL drags
MONTREAL, QC - TFI International saw a 23% boost in revenue in the second quarter of 2017, reaching $1.12 billion - but Canada's largest carrier still posted a $47.2 million operating loss because of a $129.8 million goodwill write-off of U.S. truckload operations.
Slow U.S. truckload business dampens TFI results
MONTREAL, QC - TFI International remains "cautiously optimistic" about the North American economy because of low unemployment, healthy consumer spending, and a bit of a rebound in energy-related investments, says Alain Bedard, chairman, president and Chief Executive Officer. The company just doesn't expect any significant improvement before the end of the year.