Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
TFII.US
id: 1526

TFI International ($TFII) Misleading Revenue and Customer Losses Case

S.D. New York
Court
1:25-cv-02159
Case number
04/26/2024
Class period Start
02/19/2025
Class period End
05/13/2025
Lead Plaintiff motion deadline
  • $TFII investors filed a lawsuit against TFI International for failing to disclose customer losses and rising operational costs, which impacted its largest business segment.
  • After reporting a steep decline in net income and admitting to losing small and medium-sized customers on February 19, 2025, $TFII dropped 20.5%.
  • $TFII investors can join this case to stay updated on potential recovery.

Case Details:


On February 19, 2025, after the market closed, TFI International ($TFII) announced disappointing Q4 and full-year 2024 financial results, revealing a sharp drop in net income and unexpected revenue challenges.

The company reported Q4 net income of $88.1 million, a 33% decline from the previous year, while full-year net income fell 16% to $422.5 million. Revenue in its Less-than-Truckload (LTL) segment, which accounts for 43% of total revenue, dropped 13% year-over-year, marking a significant downturn.

During the earnings call, CEO Alain Bédard admitted that TFI had been losing small and medium-sized business customers, particularly in its TForce Freight division. These customers typically generate higher profit margins, and their departure led to increased reliance on lower-margin corporate accounts. Bédard described the company’s cost-cutting efforts as "like a dog chasing its tail," admitting that volume declines continued to outpace cost reductions.

Before this disclosure, TFI had reassured investors that its LTL segment remained stable and positioned for growth. However, the company had not warned about customer losses or the rising difficulty of managing costs. When investors learned the truth, $TFII stock plummeted 20.5%.

Based on these events, $TFII investors filed a lawsuit against TFI International, claiming the company:
  • It failed to disclose that it was losing small and medium-sized customers, leading to declining revenue.
  • It misled investors by presenting its LTL business as stable while struggling with volume declines and cost overruns.

Investors believe TFI International concealed critical financial risks.
Case Status
Lead Plaintiff Appointment
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/19/2025
Filing date
03/14/2025
Lead Plaintiff Deadline
05/13/2025

TFI International Inc

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Mexico, and Canada. It operates through Less-Than-Truckload (LTL), Truck...

    Ticker
    TFII.US
    ISIN
    CA87241L1094
    CIK
    0001588823
    Sector
    Industrials
    Industry
    Trucking
    Country
    USA
    Address
    8801 Trans-Canada Highway, Saint-Laurent, QC, Canada, H4S 1Z6