Montreal, Quebec, September 24, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that William T. England will join its Board of Directors, effective October 22, 2020. A retired partner from PricewaterhouseCoopers (PwC), Mr. England has 40 years of experience serving large, multinational consumer products companies, both domestic and foreign based, as well as significant SEC experience advising on numerous large acquisitions and divestitures.

During his many decades at PwC, Mr. England held a series of increasingly senior management roles. He led the Consumer and Industrial Products and Services Industry practice from 2001 to 2006, at which time he became Vice Chairman – Client Service and US Markets Leader for Assurance before returning to client service full time in 2010. He has also served as SEC Review Partner and continues to be regularly consulted on emerging issues. A CPA with an undergraduate degree in Accountancy from Illinois State University and an MBA from the University of Chicago. Mr. England currently serves on the board of the Illinois State University Foundation and previously served on the board for the Illinois Chapter of the March of Dimes.

“We are eager to welcome Bill to our Board and look forward to his many strategic insights stemming from a distinguished career at PwC,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI. “Bill has brought to his impressive list of multinational clients a proactive, strategic and collaborative mindset that extends well beyond accounting compliance. His global perspective and deep expertise will be truly additive to our Board of Directors as we continue to pursue our strategic growth initiatives.”

Montreal, Quebec, September 15, 2020 – The Board of Directors of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, declared a quarterly dividend of CAD $0.26 per outstanding common share of its capital payable on October 15, 2020 to shareholders of record at the close of business on September 30, 2020.

This dividend is designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

Largest Logistics Brokerage Acquisition to Date Will Bolster TFI’s US Capabilities

Montreal, Quebec, September 15, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has signed a definitive agreement to acquire DLS Worldwide (“DLS”), a business unit of R.R. Donnelley & Sons Company. Established in 2006 and based out of Bolingbrook, IL, DLS provides logistics services through a third-party logistics (“3PL”) network of internal sales personnel, commissioned sales agents, and approximately 140 agent-stations. DLS’ primary transportation modes include less-than-truckload, truckload, freight forwarding, expedited, parcel and intermodal. The US $225 million acquisition is expected to close within the next 60 days subject to customary closing conditions including regulatory review and approval.

Over a recent 12-month period, DLS generated approximately US $550 million in revenue, including intercompany sales that are expected to continue after closing. TFI expects the acquired operations to generate approximately US $22.5 million in operating income during the first four full quarters after closing, before potential synergies and non-cash amortization of intangible assets and related purchase accounting adjustments. Led by its president, Thomas Griffin, DLS’s dedicated team of employees and agents serves a diverse, longstanding customer base spanning a broad array of end markets including manufacturing, retail/wholesale consumer products, technology and print/mail. The acquired business will operate standalone within TFI International’s Logistics segment under its new name, “TForce Worldwide Inc.” or “TFWW.”

“We eagerly look forward to welcoming Thomas and his impressive team to TFI International, where the DLS business can continue its successful track record while significantly expanding our US presence and capabilities,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “The asset light model of the DLS business will expand our reach through a significant agent station network and represent a compelling opportunity as our first major US logistics operation focused primarily on LTL. We look forward to supporting the continued growth of the DLS business as part of the TFI family of companies.”

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be identified by their use of terms or phrases such as “expects”, “estimates”, “projects”, “believes”, “anticipates”, “plans”, “intends”, “will”, “look forward to” and similar terms and phrases. In this press release, the statements regarding the acquisition and expected financial results and future operations of the acquired business are forward-looking statements. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Such risks and uncertainties include without limitation: the closing of the acquisition may not occur due to failure of closing conditions, including required governmental and/or third party consents, the closing may occur but expected results of operations may not be achieved due to a variety of factors including those disclosed in our filings with Canadian regulatory authorities and the Commission. TFI disclaims any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.

U.S. Bulk Carrier Acquisition Further Strengthens TFI’s U.S. Specialized Truckload Operations

Montreal, Quebec, September 9, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of substantially all the assets of CCC Transportation (“CCC”) and related real estate and equipment. Primarily a bulk carrier, CCC was previously a subsidiary of Comcar Industries, Inc., which along with its other subsidiaries filed Chapter 11 petitions in the U.S. Bankruptcy Court on May 17, 2020. TFI International, which paid a total consideration of U.S. $6.8 million for CCC, its associated real estate and additional equipment, had purchased both CT Transportation and MCT Transportation as part of the same bankruptcy proceeding, as previously announced.

Founded in 1953 and headquartered in Auburndale, FL, CCC is a leading truckload carrier in the Southeast U.S. and one of Florida’s largest intrastate motor carriers, offering cement hauling services primarily in Georgia and Florida, as well as dry van, intermodal, dedicated fleets, logistics and retail direct delivery. CCC has approximately 80 drivers operating nearly 100 tractors and more than 80 trailers, and generates approximately U.S. $10 million in annual revenue. As part of the transaction, TFI also acquired real estate and more than 90 additional trailers. CCC Transportation will become part of TFI International’s Truckload segment.

“We welcome the CCC team to the TFI family of companies and are pleased to strategically bring onboard several additional attractive assets of Comcar, following our earlier acquisitions of CT and MCT assets,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “CCC fits nicely with our existing BTC southern cement business and represents another important addition to our expanding specialized Truckload operations.”

Strategic Acquisition of Less-Than-Truckload and Intermodal Truckload Carrier
Growth and Synergy Opportunities Across Canadian Footprint

Montreal, Quebec, August 28, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has signed a definitive agreement to acquire APPS Transport Group (“APPS”). Established in 1985 and headquartered in Mississauga, Ontario, APPS primarily provides Less-Than-Truckload service, as well as Truckload, Warehousing, Distribution, and specialized Logistics solutions within Ontario and throughout Canada. The company serves the retail, consumer goods, automotive supply, food and beverage, industrial and commercial supply, and wire and cable industries.

With approximately CAD $100 million in annual revenue and nearly half its business intermodal, APPS has more than 400 employees including nearly 100 dedicated drivers plus more than 80 independent contractors, and works with over 250 interline partners. From its six facilities including its main location in Mississauga, the company operates a fleet that includes nearly 70 company trucks, close to 250 trailers, and approximately 250 containers.

“We look forward to welcoming the exceptional APPS team to TFI International, and see a superb opportunity to drive performance and operational synergies in the months ahead,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “APPS shares our core values and has demonstrated rapid, efficient growth over the years. We anticipate building upon their already impressive track record by enhancing utilization, growing revenue quality and optimizing the use of our combined real estate footprint. In particular, the APPS operational network should provide an excellent strategic fit with our current operating regions, providing ample opportunity to further enhance customer service. We eagerly look forward to seeing the APPS team continue their long-term success under the TFI umbrella.”

The transaction is expected to close as soon as possible subject to regulatory review and approval.

Montreal, Quebec, August 27, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that Rosemary Turner has joined its Board of Directors. Over her 40-year career, Ms. Turner has delivered specialized supply chain and logistics services on a global scale, demonstrating deep industry know-how. She has excelled in uncovering market opportunity, developing clients, and applying technology to transform both organizational process and culture. For 22 years, she served as president of various UPS districts, applying her proven strengths in business development, relationship management and operational stewardship, with responsibility for the performance of more than 17,000 employees and a P&L of more than U.S. $2 billion.

Ms. Turner spent 40 years at UPS, most recently serving as president of Northern California operations, and previously as president of the Southern California district, the Northern Plains district and the Chesapeake district. She also brings extensive director experience to TFI, having served on the boards of more than 20 companies and organizations including the Federal Reserve Bank of San Francisco, Loyola Marymount University, the Diversity Council for Comcast/NBC, the Federal Reserve Bank of Philadelphia, and the United Way of Southeastern Pennsylvania.

With a lifelong devotion to community service and other important causes, Ms. Turner has received more than 25 prestigious recognitions and awards, including the Northern California Most Powerful & Influential Women award, the Most Influential Women In Bay Area Business award, the Americanism Award Recipient from the Anti-Defamation League, the Community Leadership award from the Salvation Army of Philadelphia, the Go Red Women of Heart award from the American Heart Association, and many more.

“We are very excited to welcome Rosemary to our Board and look forward to her many contributions drawing on her extensive experience over a long and distinguished career,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI. “Rosemary brings a terrific combination of deep industry experience and a lifelong devotion to important causes that she holds dear and that we highly value on our Board and throughout our organization. Her global perspective yet granular operational expertise, along with her growth orientation and focus on leading edge technology will all prove highly valuable in helping us shape TFI’s strategic approach in the exciting years ahead.”

Montreal, Quebec, August 24, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the resignation of Arun Nayar, an Independent Director of the Company since 2018 and chair of the Audit Committee, due to personal reasons for matters unrelated to TFI International. The Company’s Audit Committee is comprised of Diane Giard, Richard Guay and Debra Kelly-Ennis, all of whom are independent directors. The Board of Directors will appoint a new chair of the Audit Committee shortly.

Underwriters exercise over-allotment option in full

Montreal, Quebec, August 17, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the closing of its previously-announced marketed offering of common shares in the United States and Canada. TFI International issued a total of 5,060,000 shares, including 660,000 shares following the exercise in full by the underwriters of their over-allotment option. The shares were issued at a price of US $43.25 per share, the equivalent of CAD $57.32 per share based on the Bank of Canada exchange rate at the time of pricing, for gross proceeds to TFI International of US $218,845,000 (approximately CAD $290 million).

TFI International expects to use the net proceeds from the offering for working capital and to reduce the amount outstanding under one of its credit facilities, thereby increasing the amount available under the credit facility for future use by TFI International. TFI International may use the credit facility in the future for general corporate purposes, including acquisitions.

The public offering was conducted through a syndicate of underwriters led by Morgan Stanley, BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC and J.P. Morgan, as joint lead book-running managers, with RBC Capital Markets and UBS Investment Bank as joint-bookrunners and Cowen, National Bank of Canada Financial Inc., Stephens Inc., Stifel and Wolfe Capital Markets and Advisory as co-managers.

No securities regulatory authority has either approved or disapproved the contents of this news release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements included in this press release may be “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the use of proceeds of the public offering. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond TFI International’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. The forward-looking information contained in this press release represents TFI International’s expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, TFI International does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Montreal, Quebec, August 12, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the pricing of its previously-announced marketed offering in the United States and Canada and that the size of the offering has been increased to 4,400,000 common shares. TFI International will issue the shares at a price of US $43.25 per share, the equivalent of CAD $57.32 per share based on today’s Bank of Canada exchange rate, for gross proceeds of US $190,300,000. The offering is expected to close on August 17, 2020, subject to customary closing conditions.

The public offering is being conducted through a syndicate of underwriters led by Morgan Stanley, BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC and J.P. Morgan, as joint lead book-running managers, with RBC Capital Markets and UBS Investment Bank as joint-bookrunners and Cowen, National Bank of Canada Financial Inc., Stephens Inc., Stifel and Wolfe Capital Markets and Advisory as co-managers.

TFI International expects to use the net proceeds from the offering for working capital and to reduce the amount outstanding under one of its credit facilities, thereby increasing the amount available under the credit facility for future use by TFI International. TFI International may use the credit facility in the future for general corporate purposes, including acquisitions.

TFI International has also granted the underwriters an option to purchase up to an additional 660,000 common shares, representing 15% of the number of common shares to be sold pursuant to the public offering, solely to cover the underwriters’ over-allocation position, if any, and for market stabilization purposes. The option is exercisable by the underwriters for a period of 30 days following the closing of the offering.

In connection with the public offering, TFI International has filed a preliminary prospectus supplement and will file a final prospectus supplement to its amended and restated short form base shelf prospectus dated August 11, 2020. The preliminary prospectus supplement was filed, and the final prospectus supplement will be filed, with the securities regulatory authorities in each of the provinces of Canada as well as with the U.S. Securities and Exchange Commission (SEC) as part of a registration statement on Form F-10, as it may be amended from time to time, under the U.S.-Canada multijurisdictional disclosure system (MJDS).

The public offering is being made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the offering. A copy of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement may also be obtained from any of the following sources: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, email: dg.prospectus_requests@bofa.com; Credit Suisse Securities (USA) LLC, By mail: Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States, By phone: 1-800-221-1037, By e-mail: usa.prospectus@credit-suisse.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com.

No securities regulatory authority has either approved or disapproved the contents of this news release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements included in this press release may be “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the public offering and the anticipated closing thereof. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond TFI International’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Completion of the public offering is subject to numerous factors, many of which are beyond TFI International’s control, including but not limited to, the failure to fulfill customary closing conditions and other important factors disclosed previously and from time to time in TFI International’s filings with the securities regulatory authorities in each of the provinces of Canada and the SEC. The forward-looking information contained in this press release represents TFI International’s expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, TFI International does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Montreal, Quebec, August 11, 2020 – TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the launch of a marketed offering of 4,000,000 common shares in the United States and Canada.

The public offering will be conducted through a syndicate of underwriters led by Morgan Stanley, BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC and J.P. Morgan, as joint lead book-running managers, with RBC Capital Markets and UBS Investment Bank as joint-bookrunners and Cowen, National Bank of Canada Financial Inc., Stephens Inc., Stifel and Wolfe Capital Markets and Advisory as co-managers. The offering will be priced in the context of the market; the issue price per share and size of the offering will be confirmed when TFI International enters into an underwriting agreement for the offering.

TFI International expects to use the net proceeds from the offering for working capital and to reduce the amount outstanding under one of its credit facilities, thereby increasing the amount available under the credit facility for future use by TFI International. TFI International may use the credit facility in the future for general corporate purposes, including acquisitions.

TFI International will also grant the underwriters an option to purchase up to an additional 600,000 common shares, representing 15% of the number of common shares to be sold pursuant to the public offering, solely to cover the underwriters’ over-allocation position, if any, and for market stabilization purposes. The option will be exercisable by the underwriters for a period of 30 days following the closing of the offering.

In connection with the public offering, TFI International filed with the securities regulatory authorities in each of the provinces of Canada, and obtained a receipt for, an amended and restated base shelf prospectus increasing the aggregate value of securities that may be distributed thereunder during the period that the amended and restated base shelf prospectus is effective, being the 25-month period ending on November 12, 2020. The amended and restated base shelf prospectus was filed on Form F-10 with the U.S. Securities and Exchange Commission (SEC). TFI International also filed a preliminary prospectus supplement to the amended and restated short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada as well as with the SEC as part of a registration statement on Form F-10 under the U.S.-Canada multijurisdictional disclosure system (MJDS).

Completion of the offering will be subject to customary closing conditions.

The public offering will be made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the offering. A copy of the preliminary prospectus supplement and of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement, when available, may also be obtained from any of the following sources: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, email: dg.prospectus_requests@bofa.com; Credit Suisse Securities (USA) LLC, By mail: Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States, By phone: 1-800-221-1037, By e-mail: usa.prospectus@credit-suisse.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com.

Prospective investors should read the prospectus supplements and registration statement before making an investment decision.

No securities regulatory authority has either approved or disapproved the contents of this news release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements included in this press release may be “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the proposed public offering and the terms thereof. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond TFI International’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Completion of the proposed public offering is subject to numerous factors, many of which are beyond TFI International’s control, including but not limited to, the failure of customary closing conditions and other important factors disclosed previously and from time to time in TFI International’s filings with the securities regulatory authorities in each of the provinces of Canada and the SEC. The forward-looking information contained in this press release represents TFI International’s expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, TFI International does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.