Paul Stoddard's questions to TFI International Inc (TFII) leadership • Q3 2024
Question
Paul Stoddard, on for Jordan Alliger, asked for the U.S. LTL operating ratio outlook for the fourth quarter of 2024. He also inquired about other cost-takeout initiatives in the segment beyond service improvements.
Answer
CEO Alain Bedard projected that the Q4 U.S. LTL OR will show improvement from Q3 and be closer to Q2 levels, but will not fall below 90% for the full year. Beyond service, he highlighted two key cost-saving initiatives for 2025: implementing a new billing system to improve accuracy and customer satisfaction, and realizing savings from fleet maintenance consolidation and a younger fleet.