TFI International Inc. (TFII) Stock Price & How to Invest

TFI International is a North American transportation and logistics company that operates across the United States, Canada, and Mexico through four reporting segments: Less-Than-Truckload (LTL), Truckload, Logistics, and Package and Courier. Its LTL business is anchored by TForce Freight, the former UPS Freight operation it acquired for about US$800 million in 2021, and the company has long grown through a steady stream of tuck-in and larger acquisitions under CEO Alain Bedard. It serves e-commerce, retail, industrial, and OEM customers, and its asset-based scale is meant to drive down cost per shipment.

The investment picture is that of a well-run cyclical. Trailing twelve-month revenue is roughly $8.1 billion with net income near $336 million as of mid-2026, after a multi-year freight recession pressured tonnage and yields. Earnings have started to recover in 2026, but the stock gave back much of its gains over the summer, so results are closely tied to freight volumes, pricing discipline in LTL, and how well recent acquisitions are integrated.

The June 2026 quarter was the first clear step up: revenue of about $2.29 billion, up roughly 12 percent year over year, net income of about $136 million (versus about $43 million in the first quarter), and adjusted EPS of $1.85 against a $1.59 consensus. Analysts now expect 2026 EPS near $5.92 and 2027 EPS near $7.81. The shares have moved the other way since July, falling about 26 percent over three months to close near $112.88 on October 16, 2026, and RBC and CIBC both trimmed price targets in late September and early October (RBC to $144 from $171). Third-quarter results are scheduled for October 29, 2026, with consensus near $1.74 of EPS on about $2.23 billion of revenue.

The freight recession has dragged on for years, and TFII's LTL tonnage fell more than 7% year over year in a recent quarter while revenue per hundredweight also declined, so a delayed recovery would keep pressure on earnings. The stock has been volatile: it fell about 26 percent in the three months to October 16, 2026 even after a strong second quarter, and two brokers cut price targets in late September and early October. Debt of about $3.05 billion against roughly $205 million of cash also limits flexibility if the recovery stalls. Tariffs and softening industrial demand add uncertainty to volumes. Integration risk on acquisitions is real, since a mis-timed or poorly integrated deal can weigh on margins. Competition from Old Dominion, XPO, Knight-Swift, Saia, and Estes is intense in a consolidating LTL market.

14 analysts publish price targets on TFII, averaging $157.64 against a $114.05 price as of October 2026, or +38.2%. The published targets run from $132.00 to $190.00, a moderate spread, and the ratings split 16 buy, 3 hold, 0 sell. Over the last six months there have been 5 raises and 7 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full TFII forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on TFI International Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. LTL scale and TForce Freight integration. The LTL segment, built around the former UPS Freight network now branded TForce Freight, is the core of TFII's earnings power. The most optimistic published target, $190.00, assumes this works close to its best case.

The case against. The freight recession has dragged on for years, and TFII's LTL tonnage fell more than 7% year over year in a recent quarter while revenue per hundredweight also declined, so a delayed recovery would keep pressure on earnings. The most pessimistic target, $132.00, is roughly what TFII is worth if this bites instead.

Read the full bull and bear case on TFII, including what would have to change to break either one. Walnut is not an investment adviser.

No. TFI International Inc. (TFII) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see TFI International Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$8.1B
• Revenue growth (Q2 2026, YoY): ~12%
• Operating margin (TTM): ~9%
• Net income (TTM): ~$336M
• Market cap: ~$9.3B
• P/E (trailing / forward): ~28x / ~14x
• Quarterly dividend: ~$0.47 (~1.6% yield)

As of October 16, 2026, TFII trades near $112.88, about 28 times trailing and 14 times forward earnings, a much lower forward multiple than in July 2026 after the share price fell and earnings estimates rose. The gap between the two multiples is the market's bet on a freight recovery, which the June quarter (revenue up about 12 percent, EPS ahead of estimates) began to show. The analyst mean target is about $158, and third-quarter results on October 29 are the next test.

Other names that sit close to TFII: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TFII exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so TFII sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TFII fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

TFII is a scale LTL, truckload, and logistics operator whose earnings turned up in the June 2026 quarter while the stock pulled back hard, leaving it at about 14 times forward earnings as of October 2026, so the setup rewards patience with the freight cycle more than momentum. Third-quarter results are due October 29, 2026.

Whether TFII is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TFII a buy or a sell?, and where the stock could go from here in the TFII stock forecast.

For income investors, whether TFII pays a dividend and how the payout looks is covered in does TFII pay a dividend? And to weigh TFII against a peer, read the full side-by-side comparisons: TFII vs ODFL and TFII vs SAIA.