MONTREAL, Aug. 30, 2019 — TFI International Inc. (TSX: TFII; OTCQX: TFIFF), a North American leader in the
transportation and logistics industry, today announced that the Toronto Stock Exchange has approved an amendment to TFI International’s
normal course issuer bid (“NCIB”) as a result of which TFI International will be entitled to repurchase for cancellation up to
8,300,000 common shares until the expiry of the NCIB on October 1, 2019, representing 9.98% of TFI International’s “public float” of
83,138,867 common shares as of September 25, 2018. The previous maximum under the NCIB was 7,000,000 common shares. All other
terms and conditions of the NCIB remain the same.
As of August 28, 2019, TFI International had repurchased a total of 6,630,000 shares pursuant to its NCIB at a weighted average price of
$39.59 per share. As of the close of business on August 26, 2019, there were 83,149,055 common shares of TFI International issued and
TFI International also announces that it intends to amend its previously-announced automatic share purchase plan entered into with
National Bank Financial Inc., acting as TFI International’s agent for the NCIB, in order to reflect the increase in the maximum number of
shares that TFI International may repurchase under the NCIB.