TFI International dims forecast as tariffs damage freight demand in trucking

Bloomberg

Nov 01, 2025

MONTREAL — The cross-border trade war has thrown up a big roadblock for trucking company TFI International Inc., which saw year-over-year profits plunge by a third in its latest quarter and prompted a...

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Freightliner. These guys are down like 40 per cent, so that’s a huge effect on us,” Bédard said.Turmoil in America extending beyond the trade war has also hit TFI, as the month-long government shutdown dents earnings north of the border.“Because of the government shutdown, DOD is dead — Department of Defence,” said the CEO. One of the company’s divisions derives 30 per cent of its revenue from the rebranded Department of War, he said.On Friday, TFI reported a profit of US$84.7 million for the third quarter versus US$125.9 million a year earlier. The Montreal-based trucking firm said its revenue for the quarter ended Sept. 30 fell 10 per cent to US$1.97 billion compared with the prior-year quarter.This report by The Canadian Press was first published Oct. 30, 2025.Christopher Reynolds, The Canadian Press","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}