TFI INTERNATIONAL INC amendment: FIL Limited reports beneficial ownership of 4,782,544 shares of common stock, representing 5.8% of the class as of 03/31/2026, via FIL Limited and affiliated entities. The filing is an Amendment No. 1 to a Schedule 13G/A and references an Exhibit 99 agreement and a power of attorney dated April 13, 2026.
Positive
None.
Negative
None.
Insights
FIL Limited reports a 5.8% stake in TFI International, filed as a Schedule 13G/A amendment.
FIL Limited and related entities report beneficial ownership of 4,782,544 shares with sole voting power of 4,326,088 and sole dispositive power of 4,782,544, per the cover information and Item 4 responses. The filing cites Exhibit 99 for a 13d-1(k)(1) agreement.
Ownership is reported through multiple affiliated entities (Pandanus Partners, L.P.; Pandanus Associates, Inc.) and is documented via a power of attorney effective April 13, 2026. Cash‑flow treatment or intent to buy/sell is not stated in the excerpt; subsequent filings would disclose any change in position.
Key Figures
Beneficial ownership:4,782,544 sharesPercent of class:5.8%Sole voting power:4,326,088 shares+3 more
6 metrics
Beneficial ownership4,782,544 sharesAmount beneficially owned reported in Item 4
Percent of class5.8%Percent of common stock reported in Item 4
Sole voting power4,326,088 sharesSole power to vote reported on the cover page
Sole dispositive power4,782,544 sharesSole power to dispose reported in Item 4
Report date03/31/2026Date shown on the cover of the Schedule 13G/A
CUSIP87241L109Security identifier listed on cover
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power, 13d-1(k)(1) agreement, +1 more
5 terms
Schedule 13G/Aregulatory
"Amendment No. 1 and Item 1 references the Schedule 13G/A filing"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"Item 4 states Amount beneficially owned: 4,782,544.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Item 4 (iii) Sole power to dispose: 4,782,544.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
13d-1(k)(1) agreementregulatory
"Exhibit Information references 13d-1(k)(1) agreement in Exhibit 99"
power of attorneylegal
"Signatures reference a power of attorney effective as of April 13, 2026"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
What stake does FIL Limited report in TFI International (TFII)?
FIL Limited reports beneficial ownership of 4,782,544 shares, equal to 5.8% of TFI International's common stock as of 03/31/2026. The positions are held through affiliated entities named on the cover page.
Which FIL entities are listed as holders of TFII shares?
The filing names FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. as reporting entities, each tied to the same 4,782,544 share beneficial position described in Item 4.
How much voting and dispositive power does the filer report?
The filing shows sole voting power of 4,326,088 shares and sole dispositive power of 4,782,544 shares. Shared voting and dispositive powers are reported as 0.00 in the excerpt.
Does the filing indicate any agreement or authority behind the report?
Yes. The amendment references an Exhibit 99 13d-1(k)(1) agreement and a power of attorney effective April 13, 2026 that authorizes signatures for FIL Limited and affiliated entities.
What date is this Schedule 13G/A ownership tied to?
The cover indicates the date 03/31/2026 and signatures are dated 05/05/2026, linking the reported 4,782,544 share position to that reporting period and the amendment filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
TFI INTERNATIONAL INC
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
87241L109
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
87241L109
1
Names of Reporting Persons
FIL Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,326,088.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,782,544.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,782,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
87241L109
1
Names of Reporting Persons
Pandanus Partners, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,782,544.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,782,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
87241L109
1
Names of Reporting Persons
Pandanus Associates, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,782,544.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,782,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Please see Exhibit 99.
Item 4.
Ownership
(a)
Amount beneficially owned:
4782544.00
(b)
Percent of class:
5.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Please see the responses to Items 5 and 6 on the cover page.
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
4782544.00
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TFI INTERNATIONAL INC. No one other person's interest in the COMMON STOCK of TFI INTERNATIONAL INC is more than five percent of the total outstanding COMMON STOCK.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See attached Exhibit 99.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
FIL Limited
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of FIL Limited and its direct and indirect subsidiaries*
Date:
05/05/2026
Pandanus Partners, L.P.
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.*
Date:
05/05/2026
Pandanus Associates, Inc.
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of Pandanus Associates, Inc.*
Date:
05/05/2026
Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on April 29,2026, accession number: 0000318989-26-000050.
