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TFI International Inc TFII


Primary Symbol: T.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.


TSX:TFII - Post by User

Post by retiredcfon Jun 09, 2024 10:10am
108 Views
Post# 36079837

Assessment

AssessmentTFII mostly trades at a discount compared to other operators such as ODFL, and SAIA. The current Forward P/E is 18.2x, and historical averages range from 10.3x to 19.0x. We are comfortable here; there may be some cyclical weakness but the company has managed other cycles very well. Previously, the outlook for the freight industry was quite uncertain. However, one of the US operators – SAIA just announced the most recent quarter’s operating results which appear that the freight volume and prices have already bottomed and could start to recover from here. We like TFII here given the potential upside from a recovery and a fair valuation. (5iResearch)
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