TFI International reports lower earnings for first quarter, revenue rises

TFI International Inc. says its net income for the first quarter was US$92.8 million, down from US$111.9 million a year earlier.

The Montreal-based transportation and logistics company says revenue totalled US$1.87 billion, up from US$1.85 billion during the same quarter last year.

The company said its operating income decreased due to lower revenues and volumes associated with freight, among other factors. 

Diluted earnings per share were US$1.09, down from US$1.27.