Earnings OutlookTFII provided a disappointing 4Q outlook for adjusted EPS, which is well-below prior estimates, partly due to weaker-than-usual October volumes and the government shutdown.
Government Shutdown ImpactThe CEO noted reduced volumes across segments, particularly in Logistics and Truckload, due to U.S. government shutdown impacts and continued economic uncertainty.
Revenue DeclineTFI International's overall revenues were down significantly compared to the previous year, falling short of estimates.