TFI International (TFII) gained 5% on the back of its Q1 results, which beat small on revenue and bigger on profit - with management showing some cautious optimism around an end market recovery…

… driven by tighter supply in truckload and a potential return to organic growth in the Less-Than-Truckload (LTL) segment. The US market recovery appears more pronounced so far…

… driving a larger re-rate than we’ve seen in peers like Mullen Group (MTL), given TFII’s greater exposure south of the border.

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