TFI International demonstrates strong earnings momentum, with Q2 adjusted EPS up 38% and truckload operating income surging 50%. The Daseke acquisition is delivering substantial margin improvement, while TForce Freight offers significant upside if pricing and volume issues are resolved. The company trades at 23.5x 2026E EPS but drops below 18x 2027E, with a forward EV/EBITDA discount to XPO and Saia despite ongoing self-help opportunities.
TFI International NYSE: TFII reported second-quarter results that Chairman, President and Chief Executive Officer Alain Bédard said exceeded the company's expectations, led by double-digit operating-income growth across its less-than-truckload, truckload and logistics segments.
The transportation sector continues to weather a protracted freight recession, with persistent margin compression and volume headwinds challenging even the most established operators. Within the confines of this difficult backdrop, TFI International NYSE: TFII delivered first-quarter results that suggest a cyclical bottom is forming for best-in-class logistics companies.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 16,739 | $783,887.37 | $751,581.1 | -$32,306.27 | -4.12% |
Curtis Ellergodt Rothschild Investment LLC | 169 | $7,760.94 | $7,601.62 | -$159.32 | -2.05% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 139,786 | $6.4M | $6.3M | -$103,446.7 | -1.62% |
| BS Barrett Schultz Ashton Thomas Securities LLC | 91,788 | $4.18M | $4.12M | -$61,262.24 | -1.46% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 63,387 | $2.91M | $2.86M | -$57,172.11 | -1.96% |
| ARCA Exchange | US Country |
The fund referenced is designed for investors seeking to invest in the U.S. tax-exempt bond market. It commits at least 80% of its total assets in securities that are part of or possess economic characteristics similar to those in its benchmark index. This approach ensures that the fund closely tracks the performance of the U.S. fully tax-exempt bond market, providing investors with a targeted investment strategy that focuses on tax-exempt bonds. The management of the fund relies on the expertise of a Sub-Adviser to select securities that not only are part of the index but also those that, while not included, share similar economic traits. This strategic selection is critical in mirroring the index's performance and offering investors potential tax-exempt income.
The fund focuses on offering investment services that align with its primary objective of tracking the U.S. fully tax-exempt bond market. These investment services include: