TFI Experiencing Surge in Shipments Following Yellow's Closure

Network AssociationBehind the Wheel
Written By Jennifer Joslyn

💰 TFI Experiencing Surge in Shipments Following Yellow's Closure.

TFI International's U.S. less-than-truckload operation, TForce Freight, experienced a significant increase in daily shipments, around 3,000, following the announcement of rival Yellow Corp.'s closure. TForce Freight had been handling 23,000 shipments per day but saw a boost after customers sought alternatives due to Yellow's demise. TFI's CEO, Alain Bedard, viewed Yellow's exit as a positive development, removing a low-price competitor from the market. The company aims to build density in the U.S. network, focusing on existing customers who previously used Yellow. Bedard also discussed TFI's revenue declines and efforts to improve the TForce unit's operating ratio. Additionally, TFI plans to allocate $500 million for acquisitions and share repurchases, and a contract with Teamsters was ratified, securing wage increases for TForce Freight employees.

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Jennifer Joslyn
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