04:29 PM EDT, 07/25/2024 (MT Newswires) -- TFI International ( TFII ) edged up in after-hours New York trade as it reported a higher than expected adjusted profit for the second quarter, as revenue rose.

The logistics and trucking company reported an adjusted profit, excluding most one-time items, of US$145.6 million, or US$1.71 per share, up 4.8% from US$138.9 million, or US$1.59, in the year-prior quarter. The result topped the consensus analyst forecast of US$1.62 per share, according to Capital IQ.

Revenue rose 26% to US$2.26 billion, up from US$1 1.79 billion last year, beating Capital IQ's forecast of US$1.79 billion. The increase is due to contributions from acquisitions, partially offset by lower volumes due to a weaker transportation environment and lower fuel surcharge revenue, the company said.

"TFI International ( TFII ) again posted very solid results despite soft market conditions, with year-over-year growth in revenues and operating income across all our business segments," said Alain Bedard, Chief Executive Officer. "Our performance was driven by the impressive execution by our team, including at the recently acquired Daseke operations where integration work is already off to a strong start. In addition, we're executing well within U.S. LTL, with continued improvements in tonnage, weight per shipment and revenue per shipment.

TFI shares were last seen up US$1.20 to US$157.20 after hours. They closed up $4.54 to $215.91 on the Toronto Stock Exchange.