TForce is on a roll, doing better in the profit column than in its previous life as UPS Freight. It finished the second quarter with an operating ratio of 90.1%
Trucking analyst Wolfe Research reports that “LTL revenue and margins both finished well above our expectations with the new U.S. TForce Freight business operating at a 90.1% OR. TFII has worked on freight selection and accessorial charges in the first 2 months post deal, and sees a long runway of contractual pricing and cost opportunities. TFII now expects TForce to operate at a sub-90% OR in a few quarters relative to its prior guidance of a 90% OR in a few years.”
The mothership, TFI Inc, is riding high as well. It’s stock has risen 103% since January of this year.