Comment / Against the odds: M&A-minded TFI – the leader against the laggards

Ahead of its results on 7 February, in our income-focused coverage of trucking in North America, TFI International from Montreal was singled out.

Quite lucky timing, as it turned out, with the stock appreciating about 14% in the following two trading sessions ahead of retracement…

… also boosted by the bullish outlook for a trucker that, organically and inorganically in 2021 achieved total revenues of U$7.22bn versus U$3.78bn in 2020. With sales before fuel surcharge of U$6.47bn, “up 86% compared to the ...