TFI International Inc T.TFII

Alternate Symbol(s): TFII

TFI International Inc. is a transportation and logistics company, operating across the United States and Canada through its subsidiaries. The Company's segments include Package and Courier, Less-Than-Truckload, Less-Than-Truckload, and Logistics. The Package and Courier segment is engaged in pickup, transport, and delivery of items across North America. The Less-Than-Truckload segment is engaged in pickup, consolidation, transport, and delivery of smaller loads. The Truckload segment is a provider of conventional and specialized truckload services, including flatbed, tanks, dumps, and oversized. It offers specialized trailers, and a million-plus square feet of industrial warehousing space. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding and transportation management, as well as small package parcel delivery. The Company also specializes in hauling compostable and recyclable materials and in residential waste management.

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TFI International Inc

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Post by Possibleidiot01on Jan 03, 2024 2:35pm

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Post# 35809206

Barry Schwartz - BNN - TOP PICK

TOP PICK

Like the CSU of trucking, with 90 acquisitions over 10 years. Bad year for trucking last year. Beautiful balance sheet, lots of free cashflow. Once recent acquisition gets rolled in, a home run. Contemplating splitting into two, as less-than-truckload and courier get higher valuations. Needs to be recovery in freight revenue for stock to go higher, but that will happen. Yield of 1.2%.

(Analysts’ price target is $192.47)

Transportation

N/A

Owned personally and in fund

TFI International (TFII TSX)

Although 2023 was a tough year for the trucking business, this didn’t deter TFI from making significant acquisitions. Its capital-light business model generates lots of free cash flow even in a downturn and management took advantage while others ran into trouble. When the downturn turns to around, TFI will come out even stronger and we think the share price has a serious upside from here.