TFI International Inc. says it earned US$88.1 million dollars in its fourth quarter, down from US$131.4 million a year earlier.
The company says revenues were US$2.1 billion, up from US$2.0 billion during the fourth quarter of 2023.
Earnings per diluted share were US$1.03, down from US$1.53.
TFI says the higher revenue came primarily from acquisitions, and was offset by reduced volumes driven by weaker end-market demand.
It says total revenue for the truckload segment increased 64 per cent due primarily to its acquisition of Daseke.
Earnings for the full financial year declined to US$422.5 million, while revenues rose to US$8.4 billion.
This report by The Canadian Press was first published Feb. 19, 2025.
Companies in this story: (TSX:TFII)
The Canadian Press