TFI International wins OK for up to 10% float buyback

TSX facilities have a daily purchase cap of 70,142 shares, with a weekly block-purchase exception; an automatic plan permits purchases during blackout periods.

Available on EDGAR 11/05/2026 - 04:11 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:11 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

TFI International Inc. announced that the Toronto Stock Exchange approved renewal of its normal course issuer bid, permitting purchases for cancellation of up to 7,628,841 common shares, equal to 10% of its 76,288,419-share public float as of October 30, 2026. The 12-month purchase period runs from November 10, 2026, to November 9, 2027; purchases may be made at market prices through the TSX, New York Stock Exchange and alternative trading systems in Canada and the United States.

Under TSX rules, daily purchases through TSX facilities are capped at 70,142 shares, representing 25% of average daily TSX volume of 280,568 shares over the last six calendar months, subject to a once-per-calendar-week block-purchase exception. Under the previous bid, TFI repurchased 688,137 shares at a volume weighted average price of CAD $152.1286 per share and cancelled them. An automatic share purchase plan with RBC Dominion Securities Inc. permits purchases during blackout periods; outside those periods, TFI may repurchase shares at its discretion.

Key Figures

Maximum purchases under renewed NCIB: 7,628,841 common shares Public float: 76,288,419 shares Issued and outstanding shares: 81,800,978 common shares +5 more

8 metrics

Maximum purchases under renewed NCIB 7,628,841 common shares Purchase period November 10, 2026, to November 9, 2027

Public float 76,288,419 shares As of October 30, 2026; the renewed NCIB maximum is 10% of this amount

Issued and outstanding shares 81,800,978 common shares As of October 30, 2026

Previous NCIB repurchases 688,137 common shares Previous NCIB ended November 3, 2026; all repurchased shares were cancelled

Previous NCIB average purchase price CAD $152.1286 per share Volume weighted average purchase price under the previous NCIB

Daily TSX purchase limit 70,142 shares Daily limit through TSX facilities under the renewed NCIB

Average daily TSX trading volume 280,568 shares Average over the last six calendar months; daily purchase limit is 25% of this volume

Previous NCIB maximum authorization 7,667,696 shares Previous NCIB, which ended November 3, 2026

Key Terms

normal course issuer bid, public float, volume weighted average purchase price, block purchase, +2 more

6 terms

normal course issuer bid financial

"renewal of TFI’s normal course issuer bid"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

public float financial

"10% of the 76,288,419 shares forming TFI International’s public float"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

volume weighted average purchase price financial

"at a volume weighted average purchase price of CAD $152.1286 per share"

The volume weighted average purchase price is the average price an investor paid for a security, calculated by giving more weight to prices where more shares were bought—so large trades move the average more than small ones. Investors use it like a cost-basis yardstick to see whether current market prices are above or below what they effectively paid, helping judge gains, losses, and whether to sell or add to a position.

block purchase regulatory

"subject to an exception for a “block purchase” on the TSX"

A block purchase is when a large quantity of a stock or asset is bought or sold all at once, rather than through many smaller trades. This kind of transaction can signal significant interest or intent from investors, often influencing the market’s perception of value or stability. It matters to investors because it can indicate potential changes in supply, demand, or market trends.

automatic share purchase plan financial

"entered into an automatic share purchase plan with RBC Dominion Securities Inc."

An automatic share purchase plan is a pre-arranged agreement that allows investors to buy a set amount of a company's shares at regular intervals without needing to make individual decisions each time. It helps investors steadily build their holdings over time, much like setting a recurring deposit into a savings account, making investing more disciplined and less influenced by short-term market fluctuations.

black-out periods regulatory

"allow for purchases under the NCIB during TFI International’s “black-out” periods"

A black-out period is a company-imposed window when certain people—typically executives, employees, or directors—are not allowed to buy or sell the company’s stock or exercise stock options. Like a store putting up a “closed” sign before a big announcement, these quiet times reduce the risk of unfair trading on nonpublic information and matter to investors because they affect who can trade, when shares may change hands, and how market activity may be constrained ahead of major news.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares may TFII repurchase under the renewed NCIB?

TFI International may purchase for cancellation up to 7,628,841 common shares, equal to 10% of its public float of 76,288,419 shares as of October 30, 2026. The purchase period runs from November 10, 2026, to November 9, 2027.

When does TFII's renewed share repurchase period run?

The renewed NCIB purchase period runs from November 10, 2026, to November 9, 2027. Purchases may be made at market prices through the TSX, the New York Stock Exchange and alternative trading systems in Canada and the United States.

What is the daily TSX purchase limit under TFII's NCIB?

TSX rules permit daily purchases through TSX facilities of up to 70,142 shares, representing 25% of TFI International’s average daily TSX trading volume of 280,568 shares over the last six calendar months. An exception permits one block purchase on the TSX once per calendar week.

How many shares did TFII repurchase under its previous NCIB?

TFI International repurchased 688,137 common shares under its previous NCIB at a volume weighted average purchase price of CAD $152.1286 per share. The previous program ended on November 3, 2026, and all repurchased shares were cancelled.

Can TFII repurchase shares during blackout periods?

Yes. TFI International entered into an automatic share purchase plan with RBC Dominion Securities Inc. to allow purchases under the NCIB during blackout periods. Outside those periods, TFI International may repurchase shares at its discretion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2026

Commission File No. 001-39224

TFI INTERNATIONAL INC.

(Translation of registrant’s name into English)

8801 Trans-Canada Highway, Suite 500

Saint-Laurent, Québec

H4S 1Z6 Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

EXHIBIT INDEX

EXHIBIT NUMBER		EXHIBIT DESCRIPTION
99.1		Press release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

						TFI International Inc.
Date: November 5, 2026				By:		/s/ Josiane M. Langlois
						Name: Josiane M. Langlois
						Title: Vice-President, Legal Affairs & Corporate Secretary

Exhibit 99.1

For Immediate Release

TFI INTERNATIONAL ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Montreal, Quebec, November 5, 2026 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that the Toronto Stock Exchange (“TSX”) has approved renewal of TFI’s normal course issuer bid (“NCIB”). Under the renewed NCIB, TFI International may purchase for cancellation a maximum of 7,628,841 common shares, representing 10% of the 76,288,419 shares forming TFI International’s public float as at October 30, 2026. The shares may be purchased through the facilities of the TSX and the New York Stock Exchange and on alternative trading systems in Canada and the United States over the twelve-month period from November 10, 2026 to November 9, 2027. As of October 30, 2026, TFI International had 81,800,978 common shares issued and outstanding.

Under TFI International’s previous NCIB, which entered into effect on November 4, 2025 and which ended on November 3, 2026, TFI International was authorized to purchase up to 7,667,696 shares. TFI International repurchased 688,137 common shares at a volume weighted average purchase price of CAD $152.1286 per share, through the facilities of the TSX and the New York Stock Exchange and on alternative trading systems in Canada and the United States. All of the repurchased shares were cancelled by TFI International.

Any shares purchased by TFI International under the renewed NCIB will be at the market price of the shares at the time of such purchases. The actual number of shares that may be purchased and the timing of any such purchases will be determined by TFI International. Any purchases made by TFI International pursuant to the renewed NCIB will be made in accordance with the rules and policies of the TSX or, as applicable, Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. TSX rules permit TFI International to purchase daily, through TSX facilities, a maximum of 70,142 shares under the NCIB, representing 25% of TFI International’s average daily trading volume of 280,568 shares on the TSX over the last six calendar months, subject to an exception for a “block purchase” on the TSX once per calendar week.

The Board of Directors of TFI International believes that, at appropriate times, repurchasing its shares through the NCIB represents a good use of TFI International’s financial resources, as such action can protect and enhance shareholder value when opportunities arise.

In connection with the renewed NCIB, TFI International has entered into an automatic share purchase plan with RBC Dominion Securities Inc. in order to allow for purchases under the NCIB during TFI International’s “black-out” periods, as permitted by the TSX Company Manual and the Securities Act (Québec). Outside of these “black-out” periods, TFI International may repurchase shares at its discretion.

ABOUT TFI INTERNATIONAL

TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments:

•Less-Than-Truckload;

•Truckload;

•Logistics.

TFI International Inc. is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII. For more information, visit www.tfiintl.com.

For further information:

Alain Bédard

Chairman, President and CEO

TFI International Inc.

647-729-4079

abedard@tfiintl.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 14.3 KB