**"Navigating Growth: TFI International's Resilient Revenue Surge Amid Cost Challenges

Performance Review

TFI International's total operating revenue reached US$1.964 billion as of March 31, 2025, up approximately 4.91% from US$1.871 billion as of March 31, 2024, demonstrating a certain stability in its revenue growth despite cost and expense pressures.

Key Data in the Financial Report

1. TFI International's total operating revenue reached US$1.964 billion in 2025, up 4.91% YoY, reflecting the company's improved sales capabilities and operational efficiency in the market.

Ask Aime: Growing TFI International's Market Share

2. The growth in revenue was mainly driven by the increased demand for transportation and logistics services, especially in e-commerce and supply chain management.

3. The company strengthened its market share through acquisitions and business expansion, driving revenue growth.

4. Potential pricing strategy adjustments also contributed to revenue growth, especially in the transportation sector.

5. The growth in gross profit despite the rise in sales costs indicates the company's effectiveness in cost control.

Industry Comparison

1. Overall industry analysis: The transportation and logistics industry faced changes in supply and demand in 2025, with the global economic recovery and the continued growth of e-commerce leading to a general increase in overall industry operating revenue, and it is expected to maintain steady growth in the next few years, especially in the North American market.

2. Peer evaluation analysis: TFI International's total operating revenue growth rate (4.91%) performed well, especially in the face of rising costs, maintaining good revenue growth, showing its advantages in cost control and market strategy.

Summary

TFI International's revenue growth in 2025 reflects strong demand in e-commerce and supply chain management, as well as its enhanced market position through acquisitions and market expansion. Despite cost pressures, the company still maintains profitability, showing good financial health.

Opportunities

1. tfi international expanded its market share through the acquisition of Daseke, enhancing its service capabilities and further improving its competitiveness.

2. With the continued growth in e-commerce logistics demand, the company's market share in this area is expected to further increase.

3. The overall industry growth outlook provides more business opportunities and market space for TFI International.

Risks

1. Fluctuations in fuel prices may put pressure on the company's transportation costs, requiring effective cost control measures.

2. Labor costs and depreciation of equipment will have a significant impact on overall costs, and the company needs to pay more attention to these areas.

3. Compliance with environmental regulations and investment in equipment upgrades may affect the company's financial situation.