TFI International Management

Management criteria checks 3/4

TFI International's CEO is Alain Bedard, appointed in Jan 1996, has a tenure of 28.83 years. total yearly compensation is $11.97M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 5.47% of the company’s shares, worth €660.62M. The average tenure of the management team and the board of directors is 6.3 years and 6.2 years respectively.

Key information

Alain Bedard

Chief executive officer

US$12.0m

Total compensation

CEO salary percentage	12.3%
CEO tenure	28.8yrs
CEO ownership	5.5%
Management average tenure	6.3yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alain Bedard's remuneration changed compared to TFI International's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$470m
Jun 30 2024	n/a	n/a	US$475m
Mar 31 2024	n/a	n/a	US$486m
Dec 31 2023	US$12m	US$1m	US$505m
Sep 30 2023	n/a	n/a	US$527m
Jun 30 2023	n/a	n/a	US$639m
Mar 31 2023	n/a	n/a	US$787m
Dec 31 2022	US$11m	US$1m	US$823m
Sep 30 2022	n/a	n/a	US$814m
Jun 30 2022	n/a	n/a	US$700m
Mar 31 2022	n/a	n/a	US$835m
Dec 31 2021	US$13m	US$1m	US$754m
Sep 30 2021	n/a	n/a	US$697m
Jun 30 2021	n/a	n/a	US$648m
Mar 31 2021	n/a	n/a	US$287m
Dec 31 2020	US$9m	US$1m	US$276m
Sep 30 2020	n/a	n/a	US$247m
Jun 30 2020	n/a	n/a	US$229m
Mar 31 2020	n/a	n/a	US$254m
Dec 31 2019	US$8m	US$1m	US$244m
Sep 30 2019	n/a	n/a	US$245m
Jun 30 2019	n/a	n/a	US$251m
Mar 31 2019	n/a	n/a	US$231m
Dec 31 2018	US$6m	US$1m	US$214m
Sep 30 2018	n/a	n/a	US$260m
Jun 30 2018	n/a	n/a	US$264m
Mar 31 2018	n/a	n/a	US$149m
Dec 31 2017	US$6m	US$1m	US$126m

Compensation vs Market: Alain's total compensation ($USD11.97M) is above average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Alain's compensation has been consistent with company performance over the past year.

CEO

Alain Bedard (71 yo)

28.8yrs

Tenure

US$11,972,681

Compensation

Mr. Alain Bedard, F.C.A., FCPA, CMA, serves as the President of 2400520 Ontario Inc. He serves as President and Chief Executive Officer of TFI International Inc. since 2007 and 1996 respectively. Mr. Bédar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alain Bedard	President	28.8yrs	US$11.97m	5.47% € 660.6m
David Saperstein	Chief Financial Officer	5.8yrs	US$1.62m	0.031% € 3.8m
Rick Hashie	Executive Vice President of – Less-Than-Truckload	7.6yrs	US$1.20m	no data
Steven Brookshaw	Senior Executive Vice-President of Truckload	6.8yrs	US$1.23m	0.025% € 3.1m
Kal Atwal	Executive Vice-President of Logistics	5.3yrs	US$1.09m	no data
Josiane-Melanie Langlois	VP of Legal Affairs & Corporate Secretary	no data	no data	no data
Chantal Martel	Vice President of Insurance & Compliance	no data	no data	no data
Johanne Dean	Vice President of Marketing & Communications	no data	no data	no data
Joel Andre	Vice President of Human Resources	1.8yrs	no data	no data
Junior Roy	Executive Vice President	3.8yrs	no data	no data
Robert McGonigal	Executive Vice President	8.8yrs	US$619.85k	no data
Christopher Traikos	Executive Vice President	no data	no data	no data

6.3yrs

Average Tenure

Experienced Management: 9TF's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alain Bedard	President	31.8yrs	US$11.97m	5.47% € 660.6m
Debra Kelly-Ennis	Independent Director	7.5yrs	US$100.00k	0.0049% € 587.9k
Andre Berard	Lead Independent Director	21.8yrs	US$100.00k	0.065% € 7.8m
Joey Saputo	Independent Director	28.8yrs	US$100.00k	0.094% € 11.3m
Leslie Abi-Karam	Independent Director	6.3yrs	US$100.00k	0.0036% € 437.0k
Diane Giard	Independent Director	6.1yrs	US$100.00k	0.0090% € 1.1m
Rosemary Turner	Independent Director	4.1yrs	US$100.00k	0.0040% € 476.9k
Sebastien Martel	Independent Director	1.3yrs	US$83.70k	0.0066% € 800.4k
William England	Independent Director	4.1yrs	US$100.00k	0.0039% € 467.2k
John Pratt	Independent Director	2.1yrs	US$100.00k	0.0042% € 503.4k

6.2yrs

Average Tenure

66yo

Average Age

Experienced Board: 9TF's board of directors are considered experienced (6.2 years average tenure).

TFI International Management

Management criteria checks 3/4

Key information

Recent management updates

TFI International Inc. Announces the Retirement of Neil Manning as Independent Director

President recently sold €2.7m worth of stock

TFI International Inc., Annual General Meeting, Apr 25, 2024

TFI International Inc. Appoints Sébastien Martel to its Board of Directors, Effective July 31, 2023

President recently sold €2.0m worth of stock

Independent Director recently sold €3.6m worth of stock

Recent updates

Third quarter dividend of US$0.45 announced

TFI International Inc. Announces the Retirement of Neil Manning as Independent Director

Third quarter 2024 earnings released: EPS: US$1.51 (vs US$1.55 in 3Q 2023)

TFI International Inc. Approves Quarterly Dividend on Common Shares, Payable on January 15, 2025

TFI International Inc. to Report Q3, 2024 Results on Oct 21, 2024

Second quarter dividend of US$0.40 announced

TFI International Inc. Declares Quarterly Dividend on Common Shares, Payable on October 15, 2024

TFI International Inc. Provides Earnings Guidance for the Full Year 2024

Second quarter 2024 earnings released: EPS: US$1.39 (vs US$1.49 in 2Q 2023)

TFI International Inc. to Report Q2, 2024 Results on Jul 25, 2024

First quarter dividend of US$0.40 announced

TFI International Inc. Declares Quarterly Dividend on Common Shares, Payable on July 15, 2024

First quarter 2024 earnings released: EPS: US$1.10 (vs US$1.29 in 1Q 2023)

TFI International Inc. to Report Q1, 2024 Results on Apr 25, 2024

TFI International Inc. (TSX:TFII) completed the acquisition of Daseke, Inc. (NasdaqCM:DSKE) from a group of shareholders.

Fourth quarter dividend of US$0.40 announced

TFI International Declares Quarterly Dividend, Payable on April 15, 2024

TFI International Inc. (TSX:TFII) acquired Hercules Forwarding Inc.

New minor risk - Insider selling

President recently sold €2.7m worth of stock

TFI International Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: EPS: US$5.88 (vs US$9.21 in FY 2022)

TFI International Inc. to Report Q4, 2023 Results on Feb 08, 2024

TFI International Inc. (TSX:TFII) entered into a definitive agreement to acquire Daseke, Inc. (NasdaqCM:DSKE) for approximately $400 million.

TFI International Inc. Declares Quarterly Dividend, Payable on January 15, 2024

TFI International Inc. (TSX:TFII) acquired Dahlsten Truck Line, Inc.

Third quarter 2023 earnings released: EPS: US$1.55 (vs US$2.78 in 3Q 2022)

TFI International Inc. to Report Q3, 2023 Results on Oct 02, 2023

TFI International Inc. Declares Quarterly Dividend, Payable on October 16, 2023

TFI International Inc. (TSX:TFII) acquired The Vedder Transportation Group.

TFI International Inc. (TSX:TFII) acquired JHT Holdings, Inc.

TFI International Inc. (TSX:TFII) has agreed to acquire JHT Holdings, Inc.

TFI International Inc. (TSX:TFII) has agreed to acquire JHT Holdings, Inc.

Second quarter 2023 earnings released: EPS: US$1.49 (vs US$3.05 in 2Q 2022)

TFI International Inc. Appoints Sébastien Martel to its Board of Directors, Effective July 31, 2023

TFI International Inc. (TSX:TFII) completed the acquisition of Siemens Transportation Group Inc. from the family.

TFI International Inc. to Report Q2, 2023 Results on Jul 31, 2023

TFI International Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.35 per share at 1.3% yield

TFI International Inc. Declares Quarterly Dividend, Payable on July 17, 2023

First quarter 2023 earnings released: EPS: US$1.29 (vs US$1.61 in 1Q 2022)

President recently sold €2.0m worth of stock

Upcoming dividend of US$0.35 per share at 1.2% yield

Independent Director recently sold €3.6m worth of stock

TFI International Inc., Annual General Meeting, Apr 26, 2023

Chief Financial Officer recently bought €880k worth of stock

TFI International Inc. Provides Earnings Guidance for the Year 2023

Full year 2022 earnings released: EPS: US$9.21 (vs US$7.14 in FY 2021)

TFI International Inc. to Report Q4, 2022 Results on Feb 06, 2023

Upcoming dividend of US$0.35 per share

TFI International Declares Quarterly Dividend Payable on January 16, 2023

TFI International Inc. Announces Board Departure of Richard Guay, Effective December 31, 2022

President recently sold €2.2m worth of stock

Third quarter 2022 earnings released: EPS: US$2.78 (vs US$1.43 in 3Q 2021)

TFI International Inc. Re-Affirms Earnings Guidance for the Full Year 2022

TFI International Inc. to Report Q3, 2022 Results on Oct 27, 2022

TFI International Inc. Declares Quarterly Dividend, Payable on October 17, 2022

John Pratt Joins Tfi International Board of Directors, Effective October 25, 2022

Second quarter 2022 earnings released

TFI International Inc. (TSX:TFII) acquired South Shore Transportation Company, Inc.

TFI International Inc. (TSX:TFII) acquired Selected Assets of Cedar Creek Express, LLC and DDW Transportation, LLC.

TFI International Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.27 per share

TFI International Inc. Declares Quarterly Dividend, Payable on July 15, 2022

President recently bought €234k worth of stock

First quarter 2022 earnings released: EPS: US$1.61 (vs US$0.72 in 1Q 2021)

Investor sentiment deteriorated over the past week

TFI International Inc. to Report Q1, 2022 Results on Apr 28, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat