TFI International looking for acquisitions, growth as uncertainty clouds outlook

TFI International Inc.’s top executive says the company continues to look for growth, despite trade uncertainty making it difficult to forecast the future. (AP Photo/Mike Stewart)

TFI International Inc.’s top executive says the company continues to look for growth, despite trade uncertainty making it difficult to forecast the future.

CEO Alain Bédard says that while uncertainty is impacting freight volumes, the company is seeing revenue in its data center and power grid-related transportation business grow.

In January, the company said TFI’s truckload segment generated US$43 million in data centre-related revenue in 2025.

Bédard says the company will also continue to seek bolt-on acquisitions.

The company is forecasting adjusted diluted earnings per share between 50 and 60 cents for its first quarter, lower than the previous year due to what Bédard describes as a transitional environment.

He says when talks to update the Canada-U.S.-Mexico trade agreement are complete, customers will have a better idea of what will happen in the future.

Daniel Johnson, The Canadian Press