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 $7.9 billion with net income near $300 million, and the shares have run up strongly over the past year even as a multi-year freight recession has pressured tonnage and yields. That combination leaves the stock trading at a fairly full earnings multiple heading into what management hopes is a 2026 recovery, so results are closely tied to freight volumes, pricing discipline in LTL, and how well recent acquisitions are integrated.

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 already rallied sharply and trades at a fairly full trailing earnings multiple, leaving little room for disappointment. 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.

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): ~$7.9B
• Net income (TTM): ~$300M
• Market cap: ~$11.8B
• P/E (trailing): ~44x
• P/E (forward): ~28x
• Quarterly dividend: ~$0.47

TFII trades at a full trailing earnings multiple after a strong run in the shares, with a lower forward multiple that assumes an earnings recovery. Q1 2026 revenue came in around $1.95 billion, ahead of estimates, but operating income and net income were down year over year as freight demand stayed soft. The valuation embeds an expectation that the freight cycle improves.

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 basket, so TFII sits alongside other stocks that express the same thesis.

Walnut takes the basket 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.

TFII is a scale LTL, truckload, and logistics operator trading at a full multiple while the freight market stays soft, so the setup rewards patience with the cycle more than momentum.

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?, 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?