TFI’s Decision to Relocate to US Sparks Controversy
Quebec Pension Fund CDPQ Unhappy With Trucking Giant’s Decision
“We’re not moving people from Canada to the U.S. We’re not doing that. We’re not stupid,” Bédard said. (Graham Hughes/Bloomberg News)
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Canadian trucking and logistics company TFI International Inc. said it will move its headquarters to the U.S., earning criticism from one of its largest shareholders.
The shares tumbled on Feb. 20, after the company posted fourth quarter results that missed estimates, citing a difficult North American freight market.
Montreal-based TFI said it decided to change its legal domicile to the U.S. bec…
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