trucking

TFI Eyes Nonunion LTL Acquisition as Sector Consolidation Accelerates

TFI International signaled interest in acquiring a small, nonunion less-than-truckload carrier during its second-quarter earnings discussion. The Montreal-based transport conglomerate joins a wave of consolidation activity sweeping the LTL sector as major competitors reshape their networks. Knight-Swift Transportation expanded its AAA Cooper LTL unit with four new terminals while reporting accelerating truckload fundamentals in Q2. XPO Logistics capitalized on yield improvements and selective freight strategies to exceed earnings expectations through its LTL operations. Separately, ArcBest announced a 2% workforce reduction and closure of 10 LTL facilities, reflecting ongoing industry restructuring. The moves underscore intensifying competition and margin pressures within the less-than-truckload segment as carriers pursue scale and operational efficiency.