U.S. election uncertainty making 'very difficult' freight market worse, TFI CEO says [BNN Bloomberg (Canada)]
TFI International Inc. Common Shares (TFII)
Company Research
Source: BNN Bloomberg
Uncertainty over the outcome of the political contest this fall means some customers are holding off on shipments until the result becomes clear, Alain Bédard, chairman and CEO of TFI International Inc., said Friday. On a conference call with analysts, Bédard gave the example of a green energy company spun off from General Electric, claiming GE Vernova's wind turbine business could suffer depending on who wins after ballots are cast on Nov. 5. "If it's candidate one, he's against windmills, so that business is going to fall. If you take the No. 2 guy, well he likes windmills, he's more green. So that's why we have these kinds of customers just sitting on the fence not knowing where the ball is going to drop — left or right,” Bédard said. “We still anticipate this freight recession will not change probably before '25. We have an election year in the U.S. A lot of our customers are just waiting to see what's going to happen.” GE Vernova did not respond to a request for comment.
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News
- Monday's Insider Report: Multiple directors have bought the dip in this transportation stock [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Check Call: Hope for a ban on noncompetes heads to court [Yahoo! Finance]Yahoo! Finance
- TFI International Inc. (NYSE:TFII) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TFI International Inc. (NYSE: TFII) was upgraded by analysts at National Bank Financial from a "sector perform under weight" rating to an "outperfrom under weight" rating.MarketBeat
- TFI International Inc. (NYSE: TFII) had its price target lowered by analysts at CIBC from $175.00 to $172.00. They now have an "outperformer" rating on the stock.MarketBeat
TFII
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- TFII's page on the SEC website