A securities class action has been filed in the USDC – S.D.N.Y. against TFI International Inc. (TFI) (“TFI” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired TFI securities between April 26, 2024, and February 19, 2025, both dates inclusive (the “Class Period”).

TFI is a transportation and logistics company that operates in the United States and Canada. It has four reportable segments: Package & Courier, Less-than-Truckload (“LTL”), Truckload, and Logistics. LTL accounts for approximately 43% of the Company’s revenue. In April 2021, TFI acquired UPS Freight, the less-than-truckload and dedicated truckload divisions of United Parcel Service, Inc. Following the acquisition, UPS Freight was rebranded as TForce Freight and operates within the Company’s LTL segment.

The Complaint alleges that, throughout the Class Period, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

(1) that the Company was losing small and medium business customers;

(2) that, as a result, the Company’s TForce revenue was declining;

(3) that TFI was experiencing difficulties managing its costs;

(4) that, as a result of the foregoing, the profitability of its largest business segment was declining; and

(5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.

On this news, TFI’s stock price fell $26.13, or 20.5%, to close at $101.48 per share on February 20, 2025, on unusually heavy trading volume.

If you purchased TFI securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

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