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Earnings Press Release TFI International For Immediate Release TFI International Announces 2021 Third Quarter Results - Record Q3 results and strong profitability driven by all four business segments - - TForce Freight makes strong early contribution with significant synergy and operational upside still ahead - - Announced 17 % increase to quarterly dividend payable in January - • Third quarter operating income from continuing operations of $ 192.8 million increased 65 % from $ 117.0 million in the same quarter year • Third quarter net income from continuing operations of $ 132.8 million increased 60 % compared to $ 83.1 million in Q3 2020 , while adjusted net income¹ of $ 138.9 million increased 59 % compared to $ 87.4 million in Q3 2020 • Third quarter diluted earnings per share ( diluted " EPS " ) from continuing operations of $ 1.40 increased 56 % compared to $ 0.90 in Q3 2020 , while adjusted diluted EPS¹ of $ 1.46 increased 55 % compared to $ 0.94 in Q3 2020 • Third quarter net cash from continuing operating activities of $ 211.2 million increased 50 % compared to $ 140.6 million in Q3 2020 Montreal , Quebec , October 28 , 2021 - TFI International Inc. ( NYSE and TSX : TFII ) , a North American leader in the transportation and logistics industry , today announced its results for the third quarter ended September 30 , 2021. All amounts are shown in U.S. dollars . " During the third quarter , TFI International further built upon this year's achievements with robust cash flow and strong performance across all business segments , many of which are already surpassing pre - pandemic performance despite ongoing macro disruptions , " stated Alain Bédard , Chairman , President and Chief Executive Officer . “ I'm particularly pleased that our strong performance comes at a time when the most compelling benefits from our pivotal acquisition of UPS Freight are still ahead , and yet firmly within grasp as the newly branded TForce Freight continues to exceed expectations under the TFI umbrella . Looking ahead , I'm pleased that our long - time attention to the fundamental details of the business , such as maximizing efficiencies , generating strong cash flow and strategically allocating capital , not only continues to serve us well during rapidly - changing times , but has indeed left us in a position of historic strength as we approach year end . I sincerely thank the remarkable people of TFI International for their resilience and shared focus on continuing to build shareholder value . ” TFI International 1