TFI International Inc.

The Corporation, through its wholly-owned subsidiaries, operates a transportation business whose origins can be traced back to 1957. In the mid-1990s, after nearly 40 years of operations, the Corporation updated its corporate strategy for the evolving North American transportation market. To this end, in 1996 a new management team led by Mr. Alain B dard, the Chairman of the Board, President and Chief Executive Officer of the Corporation, was appointed upon the recommendation of the Corporation’s then-principal shareholder. The new management team identified three key objectives for the Corporation: (i) increase revenues from profitable business segments and customers; (ii) strengthen the Corporation’s position in the North American transportation market; and (iii) achieve a more balanced revenue mix. To achieve these three objectives, the management team implemented a strategic plan aimed at serving a diverse set of industrial and consumer end markets through multiple modes of transportation. The Corporation seeks to capitalize on a potential shift toward domestic manufacturing, data center and electric grid related growth, as well as the expansion of e-commerce and domestic truck production. Operationally, the Corporation maintains its focus on an asset-light approach, and continuous efforts to enhance efficiencies. TFI International has a pronounced emphasis on profitability, network density, optimal pricing, quality of revenue, driver retention and prudent capacity management.