TFI International: Q4 and Full Year 2024 Financial Results
Montreal, February 19, 2025 – TFI International Inc. (TFII), a prominent North American transportation and logistics industry player, reported its financial results for the fourth quarter and the full year ending December 31, 2024. All figures are presented in US dollars.
Q4 2024 Highlights
Revenue for the final quarter of 2024 amounted to $1.4 billion, representing a 5% increase compared to the same period in the previous year. Adjusted EBITDA reached $237.4 million, up by 8% year-over-year. Net income for the quarter was reported at $124.5 million, compared to $102.5 million in Q4 2023.
Full Year 2024 Results
For the entire year of 2024, TFI International reported total revenue of $5.5 billion, an impressive 11% increase compared to 2023. Adjusted EBITDA grew by 13% to $880 million, while net income reached $484 million, up from $437 million in the previous year.
Impact on Consumers
The strong financial performance of TFI International may lead to increased efficiency and competitiveness in the transportation and logistics industry. This could result in faster delivery times, more reliable shipping options, and potentially lower prices for consumers. As the company continues to expand its operations and invest in new technologies, consumers may also benefit from improved service and innovative solutions.
Impact on the World
TFI International’s success in the transportation and logistics sector is a positive sign for the global economy. The company’s ability to adapt to changing market conditions and respond to growing demand for efficient and reliable logistics services is a testament to its resilience and adaptability. Furthermore, the company’s continued investment in technology and innovation could contribute to the development of more sustainable and eco-friendly transportation solutions, reducing the carbon footprint of global trade and supporting the transition towards a more sustainable future.
Conclusion
TFI International’s impressive financial results for Q4 and the full year 2024 highlight the company’s strength and adaptability in the transportation and logistics industry. The positive impact on consumers and the global economy is a promising sign for the future. As the company continues to grow and innovate, it will undoubtedly play a crucial role in shaping the future of logistics and transportation.
- TFI International reports strong financial performance for Q4 and full year 2024
- Revenue, Adjusted EBITDA, and net income all increase year-over-year
- Impact on consumers: faster delivery times, potentially lower prices, improved service
- Impact on the world: positive sign for the global economy, potential for more sustainable transportation solutions
