TFI International (TFII) Securities Class Action Lawsuit Update [April 10, 2025]

Introduction

TFI is a shipping and logistics company; 43% of its revenue comes from “less-than-truckload” (LTL) shipping. Throughout 2024, the Company experienced income reductions compared to 2023. TFI explained away these reductions as the result of reduced gains on stock, reduced gains on equipment sales, and reduced freight volume. The filed complaint alleges that TFI made false statements and did not disclose these operational challenges to investors.

In February 2025, TFI announced another income reduction. It also revealed the LTL segment was down 15% over the past year while increasing expenses. TFI was experiencing difficulties, including losing its small-and-medium business customers, and TFI’s CEO confessed the Company’s expenses were out-of-control. Additionally, revenue was declining, exacerbating the financial strain.

Investors reacted negatively to this news and TFI’s stock price plunged 20% the next day.

TFI International (TFII) Case Details  

Brownbridge v. TFI International, Inc. 1:25-cv-02159 

U.S. District Court, Southern District of New York 

Filed on March 14, 2025  

TFI International (TFII) Company Profile  

TFI is a North American transportation and logistics company with operations in the U.S. and Canada. It has an extensive network of facilities, trucks and trailers. The company's business operates in four reportable segments: Package and Courier; Less-than-Truckload (“LTL”); Truckload; and Logistics. LTL is the company’s largest segment (about 43% of revenue).

The company's TForce revenue has seen a decline, which has impacted its overall financial performance. TFI's TForce Freight revenue, in particular, has been a point of concern.

TFI International (TFII) Class Period 

The class period for this lawsuit is April 26, 2024 to February 19, 2025, inclusive.

This class action lawsuit aims to represent investors who purchased or otherwise acquired TFI securities during the specified class period. 

TFI International (TFII) Allegations  

In April, July and October 2024, TFI announced its regular quarterly financials. In both quarters, the Company’s net income decreased. The Company said the decrease was due to reduced freight volume, reduced gains on regular stock sales, and a negative year-over-year comparison because TFI sold some of its equipment the previous year.

Plaintiffs allege these statements were false or misleading because TFI’s executives failed to disclose adverse facts about TFI’s business and operations and allegedly covered-up the real reason for TFI’s reduced income. The filed complaint alleges TFI withheld from investors that TFI was losing small and medium business customers, that it was having problems managing its costs, and that its largest business segment was declining. The complaint also alleges that TFI failed to disclose material facts about its business operations and prospects, including making false statements about its financial health.

The Truth Emerges  

On February 19, 2025, TFI announced its Q4-24 and FY-24 financial results. The results were awful: net income plunged 33% for the quarter and 16% for the year. Earnings per share plummeted compared to the previous year.    

The press release revealed quarterly revenue in TFI’s LTL segment declined 13% and quarterly operating income in LTL declined by 34%. For the year, LTL revenue was down 6% and LTL income was down 15%. Meanwhile, the LTL segment reported more accident-related expenses.    

During the earnings call, the Company’s CEO revealed TFI is “losing [its] small and medium-sized customers.” He further revealed the Company faced difficulties managing its costs and cost-control efforts were like “a dog chasing its tail.” 

Market Reaction  

Investors reacted negatively to this news. TFI’s stock price plummeted 20% the next day.  

Next Steps  

• Submissions for lead plaintiff are due May 13, 2025. It is crucial for impacted shareholders to be aware of the upcoming deadline to ensure they can learn about their rights to seek recovery for their losses.

• The Court will issue its order for lead plaintiff and counsel in the weeks after submissions are due.

• The Court will then consider motion for class certification.

• The Court will later consider a Motion to Dismiss.

To learn whether you may be eligible for a recovery under this class action, go to the case submission page found here.