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Canadian trucking company TFI International eyes move to U.S. amid looming trade war

TFI International Inc. Plans to move its headquarters to the U.S. To pursue redomiciliation, as stated in their earnings report released on Wednesday.
Approximately 70 percent of TFI's operations are already based in the U.S., according to the company.
CEO Alain Bédard believes that the U.S. Provides a more business-friendly environment and will align their business with a more favorable regulatory environment.
Caisse de dépôt et placement du Québec, one of TFI's largest shareholders, expressed displeasure over the company's redomiciliation plans.

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Bloomberg

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Financial Post

Quebec Pension Manager Rebukes Trucking Firm TFI for Planning Move to US

Canadian trucking and logistics company TFI International Inc. said it will move its headquarters to the US, earning criticism from one of its largest shareholders.

3 days ago·United States

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The Globe & Mail

Canadian trucking company TFI International eyes move to U.S. amid looming trade war

Company’s potential move will mean Quebec will lose a major corporation

3 days ago·Canada

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La Presse

TFI International: The Quebec giant TFII wants to become American

To the general surprise, TFI International, one of Quebec's heavy goods vehicles, wants to become American. The Quebec trucking giant wants to establish its head office south of the border five years after taking his first steps on the New York Stock Exchange.

3 days ago·Montreal, Canada

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Sourcing Journal

Trucking Firm TFI International to Relocate from Canada to the US

Trucking company TFI International is planning on re-domiciling its business from Canada to the U.S. amid growing tension between the countries.

1 day ago

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CDLLife

TFI will move headquarters to US from Canada

TFI International announced its plans to move company headquarters from Canada to the United States this week. TFI reported on Wednesday, February 19th that fourth-quarter profits dropped by a third year–over-year. According to BNN Bloomberg, Chairman and CEO Alain Bédard described the quarter as a “disaster” and said that the outlook for the first half of 2025 is “foggy.” Bédard attributes part of the downturn to inefficient operations at two…

2 days ago

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globaltrailermag.com

TFI International plans to move HQ - Global Trailer

Image: J Frenken/stock.adobe.comCanadian transport and logistics company, TFI International, aims to relocate to the US. This follows ‘solid’ year-on-year performance amid ongoing challenging conditions according to TFI International Chairman, President and CEO, Alain Bédard. “We generated more than $260 million of net cash from operating activities and over $200 million of free cash flow, bringing our full-year free cash flow to more than $750 …

2 days ago

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