J P M O R G A N North America Equity Research 27 July 2026 TFI International Highlights from Call with the Company and Model Update TFII delivered a solid 2Q beat and 3Q guide ahead of the Street, a result that broadly played out as we expected when we added it to our list of favored longs into earnings season (details here) given its outsized industrial demand leverage. However, challenges in the LTL segment took some shine off the print, as an influx of low-priced 3PL blanket freight strained the network ...