FW: TFI’s Bedard: Buying UPS’ LTL operations was not a mistake

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FREIGHTWAVES reports:

(An initial recap of TFI International’s financial data from its third quarter earnings report can be found here.)

Alain Bedard, the CEO of TFI International, assured analysts on the company’s earnings call Tuesday that he wasn’t sorry the company bought less-than-truckload carrier UPS Freight in early 2021.  

“If you asked me the question, ‘Hey, you think that you made a mistake with this purchase?’” Bedard said, “Not at all.”

But the fact that the question even came up, as the fourth anniversary of the acquisition looms in just a few months, highlights the fact that TFI’s LTL operations, mostly made up of the legacy UPS Freight business, remain a significant laggard in the trucking conglomerate’s overall performance…

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