TFI International is a North American trucking and logistics company that moves freight by truck across Canada and the U.S. TFI operates through three segments: LTL (~41% of revenue), Truckload (~39%), and Logistics (~20%). In LTL, TFI picks up smaller shipments from multiple customers, consolidates them at terminals, and delivers to destinations — primarily through TForce Freight in the U.S. and a network of Canadian carriers. In Truckload, TFI moves full loads for a single customer, including specialized and flatbed hauling through Daseke (acquired in 2024), dedicated fleets, and tank containers. The Logistics segment offers asset-light freight brokerage, freight forwarding, transportation management, and small parcel delivery through Canpar and Loomis Express in Canada. TFI sells directly to shippers ranging from SMBs to large corporates and 3PLs, with significant exposure to industrial end markets including manufacturing, construction, and automotive. TFI grows primarily through acquisition, maintaining acquired companies as separate operating entities while improving financial discipline. Key priorities include turning around TForce Freight's U.S. LTL operations by improving service quality and shifting freight mix toward higher-margin SMB customers, integrating and right-sizing the Daseke business, and migrating toward more asset-light activity across TL and logistics. TFI has also discussed a potential TL spin-off as a standalone public company, though management views this as a 2027+ event.