Dividend Increase and Share Repurchase
TFI International's Board approved a 4% increase in the quarterly dividend to $0.47 per share. The company also repurchased a total of $67 million worth of shares during the quarter.
Strong Free Cash Flow
Year-to-date free cash flow exceeded $570 million, slightly above last year, allowing for strategic investments and shareholder returns.
U.S. LTL Service Improvement
The U.S. LTL operation showed progress on margins for a second consecutive quarter, with improvements in operational metrics like on-time delivery and reduced missed pickups.