TForce | TFI Handily Beats Consensus Q2 Estimates

[Dockworker]

TForce Freight’s operating ratio, which was at 90% a little more than a year ago, hit 88% at the end of the second quarter. The objective is to drive the ratio down to around 80%, but it will likely take two to three years, Bèdard said.

About one-third of UPS Freight’s LTL business did not fit the TFI profile when the deal closed, and it will take about two years to whittle down that percentage to acceptable levels, Bédard said. The unit needs to boost its average LTL weight per pallet, which averages about 1,100 pounds, to match the 1,300 pounds that its carrier peers generally haul, Bédard said.

TFI handily beats consensus Q2 estimates