1305 ET - TFI International's trucking business is turning a corner, which BofA says gives the company both cyclical and structural upside. The analysts upgrade the stock to buy from neutral in part on the company's 2Q26 outlook implying 400-500 basis points of consolidated operating ratio improvement 1Q-2Q which includes 600-700 bps of improvement in its less-than-truckload business, "well north of its recent historic 350-400 bps average," the analysts say. Shipments-per-day are also trending up about 6% year-over-year in April after inflecting positive in March. The analysts note that they were down 10% in January, flat in February, and up 8% last month. TFI International is up 7% to C$201.77. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 13:05 ET (17:05 GMT)
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