TFI International (TFII) 40-F 19 Feb 25 2024 FY Annual report (Canada) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2024 shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Registrant Name	TFI INTERNATIONAL INC.
Entity Central Index Key	0001588823
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Common Stock, Shares Outstanding	84,408,437
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Shares
Trading Symbol	TFII
Security Exchange Name	NYSE
Entity File Number	001-39224
Entity Incorporation, State or Country Code	Z4
Entity Primary SIC Number	4210
Entity Address, Address Line One	8801 Trans-Canada Highway
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Saint-Laurent
Entity Address, State or Province	QC
Entity Address, Postal Zip Code	H4S 1Z6
Entity Address, Country	CA
City Area Code	514
Local Phone Number	331-4000
Document Annual Report	true
Annual Information Form	true
Audited Annual Financial Statements	true
Document Registration Statement	false
Auditor Name	KPMG LLP
Auditor Firm ID	85
Auditor Location	Montreal, QC, Canada
Auditor Opinion [Text Block]	Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated statements of financial position of TFI International Inc. (the "Company") as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, changes in equity, and cash flows for the years ended December 31, 2024 and 2023, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and its financial performance and its cash flows for the years ended December 31, 2024 and 2023, in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 19, 2025 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	County of New Castle
Entity Address, Address Line Two	251 Little Falls Drive
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19808
City Area Code	866
Local Phone Number	927-9800
Contact Personnel Name	Corporation Service Company

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 0	$ 335,556	[1]
Trade and other receivables	927,654	894,771
Inventoried supplies	17,962	23,964
Current taxes recoverable	11,996	23,637
Prepaid expenses	65,810	56,269
Assets held for sale	13,627	1,802
Current assets	1,037,049	1,335,999
Property and equipment	2,891,087	2,415,472
Right-of-use assets	536,748	425,630
Intangible assets	2,622,951	2,019,301
Investments	22,097	50,209
Other assets	22,188	16,394
Deferred tax assets	13,724	20,615
Non-current assets	6,108,795	4,947,621
Total assets	7,145,844	6,283,620
Liabilities
Bank indebtedness	6,777	0
Trade and other payables	639,190	671,936
Current taxes payable	8,989	2,442
Provisions	87,572	66,565
Other financial liabilities	15,220	23,420
Long-term debt	93,453	174,351
Lease liabilities	152,449	127,397
Current liabilities	1,003,650	1,066,111
Long-term debt	2,309,428	1,709,831
Lease liabilities	421,213	332,761
Employee benefits	70,456	53,231
Provisions	142,111	93,335
Other financial liabilities	4,466	3,699
Deferred tax liabilities	521,245	433,242
Non-current liabilities	3,468,919	2,626,099
Total liabilities	4,472,569	3,692,210
Equity
Share capital	1,135,500	1,107,290
Contributed surplus	30,971	37,684
Accumulated other comprehensive income	(331,903)	(200,539)
Retained earnings	1,838,707	1,646,975
Total equity	2,673,275	2,591,410
Total liabilities and equity	$ 7,145,844	$ 6,283,620
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue		$ 7,304,626	$ 6,416,886
Fuel surcharge		1,092,204	1,104,281
Total revenue	[1]	8,396,830	7,521,167
Materials and services expenses		4,171,135	3,805,846
Personnel expenses		2,496,315	2,109,622
Other operating expenses		435,486	434,751
Depreciation of property and equipment		332,580	249,835
Depreciation of right-of-use assets		169,505	132,112
Amortization of intangible assets		79,984	60,028
Loss on sale of business		0	3,011	[2]
Gain on sale of rolling stock and equipment		(7,434)	(15,510)
Loss (gain) on derecognition of right-of-use assets		105	(1,482)
Loss on sale of land and buildings		0	40
Loss (gain), net of impairment, on sale of assets held for sale		192	(14,721)
Total operating expenses		7,677,868	6,763,532
Operating income		718,962	757,635
Finance (income) costs
Finance income		(13,760)	(8,612)
Finance costs		171,999	89,483
Net finance costs		158,239	80,871
Income before income tax		560,723	676,764
Income tax expense		138,239	171,887
Net income		$ 422,484	$ 504,877	[2]
Earnings per share
Basic earnings per share		$ 5	$ 5.88
Diluted earnings per share		$ 4.96	$ 5.8
[1] Includes intersegment revenue and intersegment fuel surcharge, which are eliminated in the consolidated results and are not disclosed by reportable segment due to the non-material amounts. Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statement of comprehensive income [abstract]
Net income	$ 422,484	$ 504,877	[1]
Items that may be reclassified to income or loss in future years:
Foreign currency translation differences	5,675	(881)
Net investment hedge, net of tax	(136,089)	39,705
Items that may never be reclassified to income:
Defined benefit plan remeasurement, net of tax	16,809	2,016
Items directly reclassified to retained earnings:
Unrealized (loss) gain on investments in equity securities measured at fair value through OCI, net of tax	(8,108)	7,281
Other comprehensive (loss) income , net of tax	(121,713)	48,121
Total comprehensive income	$ 300,771	$ 552,998
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Share capital	Contributed surplus	Accumulated foreign currency translation differences & net investment hedge	Accumulated unrealized gain (loss) on investment in equity securities	Retained earnings (deficit)
Balance at Dec. 31, 2022	$ 2,463,070	$ 1,089,229	$ 41,491	$ (239,120)	$ 5,799	$ 1,565,671
Net income	504,877					504,877
Other comprehensive (loss) income, net of tax	48,121			38,824	7,281	2,016
Realized gain (loss) on equity securities, net of tax					(13,323)	13,323
Total comprehensive income	552,998			38,824	(6,042)	520,216
Share-based payment transactions, net of tax	21,424		21,424
Stock options exercised, net of tax	12,777	17,179	(4,402)
Dividends to owners of the Company	(124,254)					(124,254)
Repurchase of own shares	(288,024)	(28,303)				(259,721)
Net settlement of restricted share units and and performance share units, net of tax	(46,581)	29,185	(20,829)			(54,937)
Total transactions with owners, recorded directly in equity	(424,658)	18,061	(3,807)			(438,912)
Balance at Dec. 31, 2023	2,591,410	1,107,290	37,684	(200,296)	(243)	1,646,975
Net income	422,484					422,484
Other comprehensive (loss) income, net of tax	(121,713)			(130,414)	(8,108)	16,809
Realized gain (loss) on equity securities, net of tax					7,158	(7,158)
Total comprehensive income	300,771			(130,414)	(950)	432,135
Share-based payment transactions, net of tax	13,235		13,235
Stock options exercised, net of tax	13,523	16,508	(2,985)
Dividends to owners of the Company	(139,494)					(139,494)
Repurchase of own shares	(76,616)	(5,929)				(70,687)
Net settlement of restricted share units and and performance share units, net of tax	(29,554)	17,631	(16,963)			(30,222)
Total transactions with owners, recorded directly in equity	(218,906)	28,210	(6,713)			(240,403)
Balance at Dec. 31, 2024	$ 2,673,275	$ 1,135,500	$ 30,971	$ (330,710)	$ (1,193)	$ 1,838,707

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income		$ 422,484	$ 504,877	[1]
Adjustments for:
Depreciation of property and equipment		332,580	249,835	[1]
Depreciation of right-of-use assets		169,505	132,112	[1]
Amortization of intangible assets		79,984	60,028	[1]
Share-based payment transactions		11,074	13,451	[1]
Net finance costs		158,239	80,871	[1]
Income tax expense		138,239	171,887	[1]
Loss on sale of business		0	3,011	[1]
Gain on sale of property and equipment		(7,434)	(15,470)	[1]
Loss (gain) on derecognition of right-of-use assets		105	(1,482)	[1]
Loss (gain), net of impairment, on sale of assets held for sale		192	(14,721)	[1]
Employee benefits		38,088	60,212	[1]
Provisions, net of payments		15,637	(33,696)	[1]
Net change in non-cash operating working capital		11,566	106,631	[1]
Interest paid		(157,062)	(70,354)	[1]
Income tax paid		(150,546)	(233,353)	[1]
Net cash from operating activities		1,062,651	1,013,839	[1]
Cash flows used in investing activities
Purchases of property and equipment		(392,819)	(361,563)	[1]
Proceeds from sale of property and equipment		65,389	73,339	[1]
Proceeds from sale of assets held for sale		33,404	50,280	[1]
Purchases of intangible assets		(6,274)	(2,758)	[1]
Business combinations, net of cash acquired		(957,963)	(628,701)	[1]
Purchases of investments		0	(41,719)	[1]
Proceeds from sale of investments		19,068	89,225	[1]
Others		(5,420)	24,565	[1]
Net cash used in investing activities		(1,244,615)	(797,332)	[1]
Cash flows used in financing activities
Net increase in bank indebtedness		6,777	0	[1]
Proceeds from long-term debt		500,000	575,000	[1]
Repayment of long-term debt		(536,700)	(41,371)	[1]
Net increase in revolving facilities		261,783	25,242	[1]
Repayment of lease liabilities		(165,350)	(128,107)	[1]
Decrease of other financial liabilities		(4,374)	(9,572)	[1]
Dividends paid		(133,928)	(121,095)	[1]
Repurchase of own shares		(76,616)	(288,024)	[1]
Proceeds from exercise of stock options		13,523	12,777	[1]
Share repurchase for settlement of restricted share units and performance share units		(29,554)	(46,581)	[1]
Net cash used in financing activities		(164,439)	(21,731)	[1]
Net change in cash and cash equivalents		(346,403)	194,776	[1]
Cash and cash equivalents, beginning of year	[1]	335,556	147,117
Effect of movements in exchange rates on cash and cash equivalents		10,847	(6,337)	[1]
Cash and cash equivalents, end of year		$ 0	$ 335,556	[1]
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statement of cash flows [abstract]
Effect of movements in exchange rates on cash and cash equivalents	$ 10,847	$ (6,337)	[1]
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Reporting entity

Reporting entity	12 Months Ended
	Dec. 31, 2024
Disclosure Of General Information About Financial Statements [Abstract]
Reporting entity	1. Re porting entity TFI International Inc. (the “Company”) is incorporated under the Canada Business Corporations Act , and is a company domiciled in Canada . The address of the Company’s registered office is 8801 Trans-Canada Highway, Suite 500, Montreal, Quebec, H4S 1Z6. The consolidated financial statements of the Company as at and for the years ended December 31, 2024 and 2023 comprise the Company and its subsidiaries (together referred to as the “Group” and individually as “Group entities”). The Group is involved in the provision of transportation and logistics services across the United States, Canada and Mexico.

Basis of preparation

Basis of preparation	12 Months Ended
	Dec. 31, 2024
Disclosure Of Basis Of Preparation Of Financial Statements [Abstract]
Basis of preparation	2. Basis of preparation a) Statement of compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements were authorized for issue by the Board of Directors on February 19, 2025. b) Basis of measurement These consolidated financial statements have been prepared on the historical cost basis except for the following material items in the statements of financial position: • investment in equity securities, derivative financial instruments and contingent considerations are measured at fair value; • liabilities for cash-settled share-based payment arrangements are measured at fair value in accordance with IFRS 2; • the defined benefit pension plan liability is recognized as the net total of the present value of the defined benefit obligation less the fair value of the plan assets; and • assets and liabilities acquired in business combinations are measured at fair value at acquisition date. These consolidated financial statements are expressed in U.S. dollars, except where otherwise indicated. c) Functional and presentation currency The Company’s consolidated financial statements are presented in U.S. dollars (“U.S. dollars” or “USD”). All information in these consolidated financial statements is presented in USD unless otherwise specified. The Company’s functional currency is the Canadian dollar (“CAD” or “CDN$”). Translation gains and losses from the application of the U.S. dollar as the presentation currency while the Canadian dollar is the functional currency are included as part of the accumulated foreign currency translation differences and net investment hedge. All financial information presented in U.S. dollars has been rounded to the nearest thousand. d) Use of estimates and judgments The preparation of the accompanying financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities, the disclosures about contingent assets and liabilities, and the reported amounts of revenues and expenses. Such estimates include the valuation of goodwill and intangible assets, the measurement of identified assets and liabilities acquired in business combinations, income tax provisions, defined benefit obligation and the self-insurance and other provisions and contingencies. These estimates and assumptions are based on management’s best estimates and judgments. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. Actual results could differ from these estimates. Changes in those estimates and assumptions resulting from changes in the economic environment will be reflected in the financial statements of future periods. Information about critical judgments, assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year is included in the following notes: Note 5 – Establishing the fair value of intangible assets and land and buildings related to material business combinations; Note 15 – Determining estimates and assumptions related to the evaluation of the defined benefit obligation; and Note 16 – Determining estimates and assumptions related to the evaluation of provisions for self-insurance and litigations.

Material accounting policies

Material accounting policies	12 Months Ended
	Dec. 31, 2024
Disclosure Of Significant Accounting Policies [Abstract]
Material accounting policies	3. Material accounting policies The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial statements, unless otherwise indicated. The accounting policies have been applied consistently by Group entities. a) Basis of consolidation i) Business combinations The Group accounts for business combinations under the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. The Group measures goodwill as the fair value of the consideration transferred including the fair value of liabilities resulting from contingent consideration arrangements, less the net recognized amount of the identifiable assets acquired and liabilities assumed, all measured at fair value as of the acquisition date. When the excess is negative, a bargain purchase gain is recognized immediately in income or loss. Any goodwill that arises is tested annually for impairment. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination, are expensed as incurred. ii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has the right to, variable returns from its involvement with the entity and has the ability to affect those through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. iii) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. b) Foreign currency translation i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Group’s entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at the exchange rate in effect at the reporting date. The foreign currency gain or loss on monetary items is the difference between amortized cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortized cost in foreign currency translated at the exchange rate at the end of the reporting period. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated at the rate in effect on the transaction date. Income and expense items denominated in foreign currency are translated at the date of the transactions. Gains and losses are included in income or loss. ii) Foreign operations The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on business combinations, are translated to Canadian dollars at exchange rates in effect at the reporting date. The income and expenses of foreign operations are translated to Canadian dollars at the average exchange rate in effect during the reporting period. Foreign currency differences are recognized in other comprehensive income (“OCI”) in the accumulated foreign currency translation differences account. When a foreign operation is disposed of, the relevant amount in the cumulative amount of foreign currency translation differences is transferred to income or loss as part of the income or loss on disposal. On the partial disposal of a subsidiary while retaining control, the relevant proportion of such cumulative amount is reattributed to non-controlling interest. In any other partial disposal of a foreign operation, the relevant proportion is reclassified to income or loss. Foreign exchange gains or losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely to occur in the foreseeable future and which in substance is considered to form part of the net investment in the foreign operation, are recognized in other comprehensive income in the accumulated foreign currency translation differences account. Translation gains and losses from the application of U.S dollars as the presentation currency while the Canadian dollar is the functional currency are included as part of the cumulative foreign currency translation adjustment. c) Financial instruments i) Non-derivative financial assets The Group initially recognizes financial assets on the trade date at which the Group becomes a party to the contractual provisions of the instrument. Financial assets are initially measured at fair value, except for trade receivables which are initially measured at their transaction price when the trade receivables do not contain a significant financing component. If the financial asset is not subsequently accounted for at fair value through profit or loss, then the initial measurement includes transaction costs that are directly attributable to the asset’s acquisition or origination. On initial recognition, the Group classifies its financial assets as subsequently measured at either amortized cost or fair value, depending on its business model for managing the financial assets and the contractual cash flow characteristics of the financial assets and depending on the purpose for which the financial assets were acquired. The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. Financial assets and liabilities are offset and the net amount is presented in the statement of financial position when, and only when, the Group has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Financial assets measured at amortized cost A financial asset is subsequently measured at amortized cost, using the effective interest method and net of any impairment loss, if: • The asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and • The contractual terms of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and/or interest. The Group currently classifies its cash equivalents, trade and other receivables and long-term non-trade receivables included in other non-current assets as financial assets measured at amortized cost. The Group recognizes loss allowances for expected credit losses on financial assets measured at amortized cost. The Group has a portfolio of trade receivables at the reporting date. The Group uses a provision matrix to determine the lifetime expected credit losses for the portfolio. The Group uses historical trends of the probability of default, the timing of recoveries and the amount of loss incurred, adjusted for management’s judgment as to whether current economic and credit conditions are such that the actual losses are likely to be greater or less than suggested by historical trends. An impairment loss in respect of a financial asset measured at amortized cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. Losses are recognized in income or loss and reflected in an allowance account against trade and other receivables. Financial assets measured at fair value These assets are measured at fair value and changes therein, including any interest or dividend income, are recognized in income or loss. However, for investments in equity instruments that are not held for trading, the Group may elect at initial recognition to present gains and losses in other comprehensive income. For such investments measured at fair value through other comprehensive income, gains and losses are never reclassified to profit or loss, and no impairment is recognized in profit or loss. Dividends earned from such investments are recognized in profit or loss, unless the dividend clearly represents a repayment of part of the cost of the investment. Financial assets measured at fair value through other comprehensive income On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. ii) Non-derivative financial liabilities The Group initially recognizes debt issued and subordinated liabilities on the date that they are originated. All other financial liabilities are recognized initially on the trade date at which the Group becomes a party to the contractual provisions of the instrument. A financial liability is derecognized when its contractual obligations are discharged or cancelled or expire. Financial liabilities are classified into financial liabilities measured at amortized cost and financial liabilities measured at fair value. Financial liabilities measured at amortized cost A financial liability is subsequently measured at amortized cost, using the effective interest method. The Group currently classifies bank indebtedness, trade and other payables and long-term debt as financial liabilities measured at amortized cost. Financial liabilities measured at fair value Financial liabilities at fair value are initially recognized at fair value and are re-measured at each reporting date with any changes therein recognized in net earnings. The Group currently classifies its contingent consideration liability in connection with a business acquisition as a financial liability measured at fair value. iii) Share capital Common shares Common shares are classified as equity. Incremental costs directly attributable to the issue of common shares and stock options are recognized as a deduction to share capital, net of any tax effects. When share capital recognized as equity is repurchased, share capital is reduced by the amount equal to weighted average historical cost of repurchased equity. The excess amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from retained earnings. d) Hedge accounting Management’s risk strategy is focused on reducing the variability in profit or losses and cash flows associated with exposure to market risks. Hedge accounting is used to reduce this variability to an acceptable level. The hedges employed by the Group reduce the currency fluctuation exposures. On the initial designation of a hedging relationship, the Group formally documents the relationship between the hedging instrument and the hedged items, including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship. The Group makes an assessment, both at the inception of the hedge relationship as well as on an ongoing basis, whether the hedging instruments are expected to be effective in offsetting the changes in the fair value or cash flows of the respective hedged items throughout the period for which the hedge is designated. Net investment hedge The Group designates a portion of its U.S. dollar denominated debt as a hedging item in a net investment hedge. The Group applies hedge accounting to foreign currency differences arising between the functional currency of the foreign operation and the Company’s functional currency (CAD), regardless of whether the net investment is held directly or through an intermediate parent. Foreign currency differences arising on the translation of a financial liability designated as a hedge of a net investment in foreign operations are recognized in other comprehensive income to the extent that the hedge is effective and are presented in the currency translation differences account within equity. To the extent that the hedge is ineffective, such differences are recognized in income or loss. When the hedged net investment is disposed of, the relevant amount in the translation reserve is transferred to income or loss as part of the gain or loss on disposal. e) Property and equipment Property and equipment are accounted for at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset and borrowing costs on qualifying assets. When parts of an item of property and equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment, and are recognized in net income or loss. Depreciation is based on the cost of an asset less its residual value and is recognized in income or loss over the estimated useful life of each component of an item of property and equipment. The depreciation method and useful lives are as follows: Categories Basis Useful lives Buildings Straight-line 15 – 40 years Rolling stock Primarily straight-line 3 – 20 years Equipment Primarily straight-line 5 – 12 years Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted prospectively, if appropriate. Property and equipment are reviewed for impairment in accordance with IAS 36 Impairment of Assets when there are indicators that the carrying value may not be recoverable . f) Intangible assets i) Goodwill Goodwill that arises upon business combinations is included in intangible assets. Goodwill is not amortized and is measured at cost less accumulated impairment losses. ii) Other intangible assets Intangible assets consist of customer relationships, trademarks, non-compete agreements and information technology. The Group determines the fair value of the customer relationship intangible assets using the excess earnings model and internally developed significant assumptions including: 1. Forecasted revenue attributable to existing customer contracts and relationships; 2. Estimated annual attrition rate; 3. Forecasted operating margins; and 4. Discount rates The internally developed assumptions are based on limited observable market information which cause measurement uncertainty, and the fair value of the customer related intangible assets are sensitive to changes to these assumptions. Intangible assets that are acquired by the Group and have finite lives are measured at cost less accumulated amortization and accumulated impairment losses. The Group also has indefinite lived trademark intangible assets which are not amortized. Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful lives: Categories Useful lives Customer relationships 5 – 20 years Trademarks 5 – 20 years Non-compete agreements 3 – 10 years Information technology 5 – 7 years Useful lives are reviewed at each financial year-end and adjusted prospectively, if appropriate. g) Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: • the contract involves the use of an identified asset – this may be specific explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, the asset is not identified; • the Group has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and • the Group has the right to direct the use of the asset. The Group has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. At inception or on reassessment of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred, less any lease incentives received. The assets are depreciated to the earlier of the end of the useful life of the right-of-use asset or the lease term using the straight-line method as this most closely reflects the expected pattern consumption of the future economic benefits. The lease term includes periods covered by an option to extend if the Group is reasonably certain to exercise that option. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that cannot be readily determined, the Group's incremental borrowing rate. The incremental borrowing rate is a function of the Group’s incremental borrowing rate, the nature of the underlying asset, the location of the asset and the length of the lease. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in the future lease payments arising from a change in an index or rate, if there is a change in the Group's estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or leases and leases of low-value assets. The Group recognises these lease payments as an expense on a straight-line basis over the lease term. h) Impairment Non-financial assets The carrying amounts of the Group’s non-financial assets other than inventoried supplies and deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and indefinite useful life assets, the recoverable amount is estimated on December 31 of each year. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”, or “CGU”). For the purposes of goodwill impairment testing, goodwill acquired in a business combination is allocated to the group of CGUs (usually a Group’s operating segment), that is expected to benefit from the synergies of the combination. This allocation is subject to an operating segment ceiling test and reflects the lowest level at which that goodwill is monitored for internal reporting purposes. The Company performs goodwill impairment testing annually, or more frequently if events or circumstances indicate the carrying value of a CGU, which is a Group’s operating segment, may exceed the recoverable amount of the CGU. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or group of assets. The fair value less cost to sell is based on market comparable multiples applied to forecasted earnings before financial expenses, income taxes, depreciation and amortization ("adjusted EBITDA") for the next year, which takes into account financial forecasts approved by senior management. The Group’s corporate assets do not generate separate cash inflows. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units, if any, and then to reduce the carrying amounts of the other assets in the unit (group of units) on a prorata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Impairment losses and impairment reversals are recognized in income or loss. i) Assets held for sale Non-current assets are classified as held-for-sale if it is highly probable that they will be recovered primarily through sale rather than through continuing use. Such assets are generally measured at the lower of their carrying amount and fair value less costs to sell. Impairment losses on initial classification as held-for-sale or held-for-distribution and subsequent gains and losses on remeasurement are recognized in income or loss. Once classified as held-for-sale, intangible assets and property and equipment are no longer amortized or depreciated. j) Employee benefits i) Defined contribution plans A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in income or loss in the periods during which services are rendered by employees. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. ii) Defined benefit plans The Group’s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in return for their services in the current and prior periods discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AAA, AA or A credit-rated fixed income securities that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a benefit to the Group, the recognized asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognized immediately in other comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognized in profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Group recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. iii) Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or income-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. iv) Share-based payment transactions The grant date fair value of equity share-based payment awards granted to employees is recognized as a personnel expense, with a corresponding increase in contributed surplus, net of tax, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that do meet the related service condition at the vesting date. The fair value of the amount payable to board members in respect of deferred share unit (“DSU”), which were to be settled in cash, was recognized as an expense with a corresponding increase in liabilities. The liability was remeasured at each reporting date until settlement. The Group presented mark-to-market (gain) loss on DSUs in personnel expenses. v) Termination benefits Termination benefits are expensed at the earlier of when the Group can no longer withdraw the offer of those benefits and when the Group recognises costs for a restructuring. If benefits are not expected to be fully settled within 12 months of the end of the reporting period, then they are discounted. k) Provisions A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. Where discounting is used, the unwinding of the discount is recognized as finance cost. Self-Insurance Self-insurance provisions represent the uninsured portion of outstanding claims at year-end. The provision represents an accrual for estimated future disbursements associated with the self-insured portion for claims filed at year-end and incurred but not reported, related to cargo loss, bodily injury, worker’s compensation and property damages. The estimates are based on the Group’s historical experience including settlement patterns and payment trends. The most significant assumptions in the estimation process include the consideration of historical claim experience, severity factors affecting the amounts ultimately paid, and current and expected levels of cost per claims. Changes in assumptions and experience could cause these estimates to change significantly in the near term. l) Revenue recognition The Group’s normal business operations consist of the provision of transportation and logistics services. All revenue relating to normal business operations is recognized over time in the statement of income. The stage of completion of the service is determined using the proportion of days completed to date compared to the estimated total days of the service. Revenue is presented net of trade discounts and volume rebates. Revenue is recognized as services are rendered, when the control of promised services is transferred to customers in an amount that reflects the consideration the Group expects to be entitled to receive in exchange for those services measured based on the consideration specified in a contract with the customers. The Group considers the contract with customers to include the general transportation service agreement and the individual bill of ladings with customers. Based on the evaluation of the control model, certain businesses, mainly in the Less-Than-Truckload segment, act as the principal within their revenue arrangements. The affected businesses report transportation revenue gross of associated purchase transportation costs rather than net of such amounts within the consolidated statements of income. m) Other operating expenses Other operating expenses consist primarily of third-party commissions, information technology support and software expenses, building expenses (including repairs and maintenance, electricity, janitorial & security services and property taxes). n) Finance income and finance costs Finance income comprises interest income on funds invested, dividend income and interest. Interest income is recognized as it accrues in income or loss, using the effective interest method. Finance costs comprise interest expense on bank indebtedness and long-term debt, unwinding of the discount on provisions and impairment losses recognized on financial assets (other than trade receivables). Fair value gains or losses on derivative financial instruments and on contingent considerations, and foreign currency gains and losses are reported on a net basis as either finance income or cost. o) Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in income or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable income or loss, and differences relating to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. In addition, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabiliti

Segment reporting

Segment reporting	12 Months Ended
	Dec. 31, 2024
Disclosure of operating segments [abstract]
Segment reporting	4. Segment reporting The Group operates within the transportation and logistics industry in the United States, Canada and Mexico in different reportable segments, as described below. The reportable segments are managed independently as they require different technology and capital resources. For each of the operating segments, the Group’s CEO reviews internal management reports. In the second quarter of fiscal 2024, it was determined that Package and Courier operating segment should be aggregated with the Canadian Less-Than-Truckload and U.S. Less-Than-Truckload operating segments, forming the Less-Than-Truckload reportable segment. Comparative information has been recast to be consistent with current reportable segments. The following summary describes the operations in each of the Group’s reportable segments: Less-Than-Truckload (a) : Pickup, consolidation, transport and delivery of smaller loads. Truckload (b) : Full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customers’ specific needs. Includes expedited transportation, flatbed, tank, container and dedicated services. Logistics: Asset-light logistics services, including brokerage, freight forwarding and transportation management, as well as small package parcel delivery. (a) The Less-Than-Truckload reporting segment represents the aggregation of the Canadian Less-Than-Truckload, U.S. Less-Than-Truckload and Package and Courier operating segments. The aggregation of the segment was analyzed using management’s judgment in accordance with IFRS 8. The operating segments were determined to be similar, amongst others, with respect to the nature of services offered and the methods used to distribute their services. Additionally, they have similar economic characteristics with respect to long-term expected gross margin, levels of capital invested and market place trends. (b) The Truckload reporting segment represented the aggregation of the Canadian Conventional Truckload and Specialized Truckload operating segments. The aggregation of the segment was analyzed using management’s judgment in accordance with IFRS 8. The operating segments were determined to be similar, amongst others, with respect to the nature of services offered and the methods used to distribute their services. Additionally, they have similar economic characteristics with respect to long-term expected gross margin, levels of capital invested and market place trends. Information regarding the results of each reportable segment is included below. Performance is measured based on segment operating income or loss. This measure is included in the internal management reports that are reviewed by the Group’s CEO and refers to “Operating income” in the consolidated statements of income. Segment’s operating income or loss is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. Less- Than- Truckload (2) Truckload Logistics Corporate Eliminations (2) Total 2024 Revenue (1) 3,085,727 2,551,540 1,720,976 - ( 53,617 ) 7,304,626 Fuel surcharge (1) 617,208 385,765 100,735 - ( 11,504 ) 1,092,204 Total revenue (1) 3,702,935 2,937,305 1,821,711 - ( 65,121 ) 8,396,830 Operating income (loss) 361,235 252,434 182,364 ( 77,071 ) - 718,962 Selected items: Materials and services expenses 1,541,476 1,511,418 1,216,026 ( 32,665 ) ( 65,120 ) 4,171,135 Personnel expenses 1,360,982 783,894 267,569 83,870 - 2,496,315 Other operating expenses 222,619 94,835 95,438 22,594 - 435,486 Depreciation and amortization 213,524 307,244 60,419 882 - 582,069 (Loss) gain, net of impairment on sale of assets held for sale ( 2,549 ) 2,321 36 - - ( 192 ) Intangible assets 396,533 1,491,373 734,736 309 - 2,622,951 Total assets 2,618,714 3,374,010 1,098,617 54,503 - 7,145,844 Total liabilities 802,778 813,350 390,525 2,466,034 ( 118 ) 4,472,569 Additions to property and equipment 188,055 196,596 7,920 730 - 393,301 2023 Revenue (1) 3,236,267 1,625,592 1,604,878 - ( 49,851 ) 6,416,886 Fuel surcharge (1) 712,390 310,446 92,138 - ( 10,693 ) 1,104,281 Total revenue (1) 3,948,657 1,936,038 1,697,016 - ( 60,544 ) 7,521,167 Operating income (loss) 424,789 237,393 160,112 ( 64,659 ) - 757,635 Selected items: Materials and services expenses 1,700,911 992,788 1,194,534 ( 21,843 ) ( 60,544 ) 3,805,846 Personnel expenses 1,377,596 473,948 191,146 66,932 - 2,109,622 Other operating expenses 259,603 55,420 103,715 16,013 - 434,751 Depreciation and amortization 198,754 194,761 47,914 546 - 441,975 Loss on sale of land and buildings ( 35 ) ( 5 ) - - - ( 40 ) Gain, net of impairment on sale of assets held for sale 10,546 3,949 226 - - 14,721 Loss on sale of business - - - ( 3,011 ) - ( 3,011 ) Intangible assets 378,623 857,666 782,923 89 - 2,019,301 Total assets 2,688,854 2,004,163 1,140,174 450,429 - 6,283,620 Total liabilities 878,751 462,812 336,875 2,013,900 ( 128 ) 3,692,210 Additions to property and equipment 239,327 115,048 5,561 311 - 360,247 (1) Includes intersegment revenue and intersegment fuel surcharge, which are eliminated in the consolidated results and are not disclosed by reportable segment due to the non-material amounts. (2) Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations. Geographical information Revenue is attributed to geographical locations based on the origin of service’s location. Less- Than- Truckload (1) Truckload Logistics Eliminations (1) Total 2024 Canada 1,162,733 1,159,562 258,489 ( 37,224 ) 2,543,560 United States 2,540,202 1,777,743 1,563,222 ( 27,897 ) 5,853,270 Total 3,702,935 2,937,305 1,821,711 ( 65,121 ) 8,396,830 2023 Canada 1,188,635 1,139,272 271,136 ( 31,807 ) 2,567,236 United States 2,760,022 796,766 1,425,880 ( 28,737 ) 4,953,931 Total 3,948,657 1,936,038 1,697,016 ( 60,544 ) 7,521,167 (1) Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations. Segment assets are based on the geographical location of the assets. As at As at December 31, 2024 December 31, 2023 Property and equipment, right-of-use assets and intangible assets Canada 2,213,562 2,208,595 United States 3,837,224 2,651,808 6,050,786 4,860,403

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2024
Disclosure of Fair Value of Assets Acquired and Liabilities Assumed Have Been Adjusted Retrospective to the Date of Acquisition [Abstract]
Business Combinations	5. Business combinations a) Business combinations In line with the Group’s growth strategy, the Group acquired eleven businesses during 2024, of which Daseke Inc. ("Daseke") was considered material. All other acquisitions were not considered to be material. These transactions were concluded in order to add density in the Group’s current network and further expand value-added services. On April 1, 2024, the Group completed the acquisition of Daseke, Inc. Daseke is reported in the Truckload segment. The purchase price for the business acquisition totaled $ 817.0 million, which was funded by a $ 500.0 million term loan obtained and the remaining balance was drawn from cash on hand, and the Group absorbed $ 314.7 million of equipment financing debt in the acquisition. During the year ended December 31, 2024, the business contributed revenue and net loss of $ 1,052.0 million and $ 20.7 million, including severances and other restructuring costs from the business acquisition of $ 19.7 million recorded in the corporate segment, respectively since the acquisition. Had the Group acquired Daseke on January 1, 2024, as per management’s best estimates, the revenue and net loss for this entity would have been $ 1,408.8 million and $ 19.2 million, including severances and other restructuring costs from the business acquisition of $ 19.7 million, respectively. In determining these estimated amounts, management assumed that the fair value adjustments that arose on the date of acquisition would have been the same had the acquisitions occurred on January 1, 2024 and adjusted for interest, based on the purchase price and average borrowing rate of the Group, and income tax expense based on the effective tax rate of the entity. During the year ended December 31, 2024, the non-material businesses, in aggregate, contributed revenue and net loss of $ 148.4 million and $ 1.1 million respectively since the acquisitions. Had the Group acquired these non-material businesses on January 1, 2024, as per management’s best estimates, the revenue and net income for these entities would have been $ 236.9 million and $ 7.4 million, respectively. In determining these estimated amounts, management assumed that the fair value adjustments that arose on the date of acquisition would have been the same had the acquisitions occurred on January 1, 2024 and adjusted for interest, based on the purchase price and average borrowing rate of the Group, and income tax expenses based on the effective tax rate of the entities. During the year ended December 31, 2024, transaction costs of $ 0.5 million have been expensed in other operating expenses in the consolidated statements of income in relation to the above-mentioned business acquisitions. Of the goodwill and intangible assets acquired through business combinations in 2024, $ 1.0 million was deductible for tax purposes. As of the reporting date, the Group had not completed the determination of the fair value of assets acquired and liabilities assumed of the 2024 acquisitions. Information to confirm the fair value of certain assets and liabilities is still to be obtained for these acquisitions. As the Group obtains more information, the allocation will be completed. The table below presents the determination of the fair value of assets acquired and liabilities assumed based on the best information available to the Group to date : Identifiable assets acquired and liabilities assumed Note Daseke Others December 31, 2024 Cash and cash equivalents 46,242 33,222 79,464 Trade and other receivables 173,389 32,563 205,952 Inventoried supplies and prepaid expenses 20,997 4,844 25,841 Property and equipment 8 523,892 66,191 590,083 Right-of-use assets 9 107,676 9,161 116,837 Intangible assets 10 202,290 52,104 254,394 Other assets 3,093 - 3,093 Trade and other payables ( 102,133 ) ( 24,872 ) ( 127,005 ) Income tax receivable (payable) 8,669 ( 824 ) 7,845 Employee benefits ( 194 ) - ( 194 ) Provisions 16 ( 57,923 ) - ( 57,923 ) Other non-current liabilities ( 213 ) - ( 213 ) Long-term debt 13 ( 314,670 ) - ( 314,670 ) Lease liabilities 14 ( 107,676 ) ( 9,161 ) ( 116,837 ) Deferred tax liabilities 17 ( 125,796 ) ( 14,611 ) ( 140,407 ) Total identifiable net assets 377,643 148,617 526,260 Total consideration transferred 816,958 224,022 1,040,980 Goodwill 10 439,315 75,405 514,720 Cash 816,958 220,469 1,037,427 Contingent consideration - 3,553 3,553 Total consideration transferred 816,958 224,022 1,040,980 The valuation techniques used for measuring the fair value of land and buildings ($ 54.0 million), customer relationships ($ 109.1 million) and trademarks ($ 92.8 million) acquired regarding Daseke were as follows: Assets acquired Valuation technique Key inputs Land and buildings Market comparison technique and cost technique : The valuation model considers market prices for comparable sites, when available, and considers depreciated replacement cost, which reflects adjustments for physical deterioration, when appropriate. - Market prices for comparable sites Average rebuild cost Customer relationships Excess earnings method: The valuation model considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets. - Forecasted revenue attributable to existing customers and relationships Annual attrition rate Forecasted operating margin Discount rate Trademarks Relief from royalty method: The valuation model considers the discounted estimated royalty payments that are expected to be avoided as a result of the trademarks being owned. - Forecasted revenue associated with the trademarks Royalty rate Discount rate The fair values measured on the amounts regarding Daseke are on a provisional basis, mainly regarding tangible assets and current and deferred tax liabilities. This is mainly due to pending completion and review of independent valuations. If new information obtained within one year of the date of acquisition about facts and circumstances that existed at the date of acquisition identifies adjustments to the above amounts, or any additional provisions that existed at the date of acquisition, then the accounting for the acquisition will be revised. The trade receivables comprise gross amounts due of $ 208.8 million, of which $ 2.8 million was expected to be uncollectible at the acquisition date. In line with the Group’s growth strategy, the Group acquired twelve businesses during 2023, of which JHT Holdings, Inc. was considered material. All other acquisitions were not considered to be material. These transactions were concluded in order to add density in the Group’s current network and further expand value-added services. On August 16, 2023, the Group completed the acquisition of JHT Holdings, Inc. ("JHT"), a leading asset light logistics and transportation provider in North America for Class 6-8 truck manufacturers, which included a joint-venture that is equity-accounted and included in other assets. The purchase price for this business acquisition totaled $ 309.3 million, which was funded by a mixture of cash on hand and the remaining balance was drawn from the currently existing unsecured revolving credit facility. During the year ended December 31, 2023, the business contributed revenue and net income of $ 225.3 million and $ 18.0 million, respectively since the acquisition. Had the Group acquired JHT on January 1, 2023, as per management’s best estimates, the revenue and net income for this entity would have been $ 589.5 million and $ 50.5 million, respectively. In determining these estimated amounts, management assumed that the fair value adjustments that arose on the date of acquisition would have been the same had the acquisition occurred on January 1, 2023 and adjusted for interest, based on the purchase price and average borrowing rate of the Group, and income tax expense based on the effective tax rate of the entity. During the year ended December 31, 2023, the non-material businesses, in aggregate, contributed revenue and net loss of $ 178.3 million and $ 6.3 million respectively since the acquisitions. Had the Group acquired these non-material businesses on January 1, 2023, as per management’s best estimates, the revenue and net income for these entities would have been $ 333.2 million and $ 9.1 million, respectively. In determining these estimated amounts, management assumed that the fair value adjustments that arose on the date of acquisition would have been the same had the acquisitions occurred on January 1, 2023 and adjusted for interest, based on the purchase price and average borrowing rate of the Group, and income tax expenses based on the effective tax rate of the entities. During the year ended December 31, 2023, transaction costs of $ 0.9 million have been expensed in other operating expenses in the consolidated statements of income in relation to the above-mentioned business acquisitions. The trade receivables comprise gross amounts due of $ 80.0 million, of which $ 2.1 million was expected to be uncollectible at the acquisition date. Of the goodwill and intangible assets acquired through business combinations in 2023, $ 18.9 million was deductible for tax purposes. The table below presents the determination of the fair value of assets acquired and liabilities assumed of the 2023 acquisitions as at December 31, 2023: Identifiable assets acquired and liabilities assumed Note JHT Others December 31, 2023 Cash and cash equivalents 5,709 11,873 17,582 Trade and other receivables 38,250 39,650 77,900 Inventoried supplies and prepaid expenses 10,976 5,897 16,873 Property and equipment 8 65,489 174,850 240,339 Right-of-use assets 9 5,385 25,609 30,994 Intangible assets 10 198,659 80,807 279,466 Other assets 23,887 115 24,002 Trade and other payables ( 35,221 ) ( 28,884 ) ( 64,105 ) Income tax (payable) receivable ( 1,682 ) 729 ( 953 ) Provisions 16 ( 19,919 ) - ( 19,919 ) Other non-current liabilities ( 444 ) ( 44 ) ( 488 ) Long-term debt 14 ( 4,808 ) - ( 4,808 ) Lease liabilities 14 ( 5,385 ) ( 25,609 ) ( 30,994 ) Deferred tax liabilities 17 ( 55,367 ) ( 32,375 ) ( 87,742 ) Total identifiable net assets 225,529 252,618 478,147 Total consideration transferred 309,304 350,451 659,755 Goodwill 83,775 97,833 181,608 Cash 309,304 336,979 646,283 Contingent consideration - 13,472 13,472 Total consideration transferred 309,304 350,451 659,755 b) Goodwill The goodwill is attributable mainly to the premium of an established business operation with a good reputation in the transportation industry, and the synergies expected to be achieved from integrating the acquired entity into the Group’s existing business. The goodwill arising in the business combinations has been allocated to operating segments as indicated in the table below, which represents the lowest level at which goodwill is monitored internally. Operating segment Reportable segment December 31, 2024 December 31, 2023 Canadian Less-Than-Truckload Less-Than-Truckload 115 9,142 U.S. Less-Than-Truckload Less-Than-Truckload 31,058 3,376 Canadian Truckload Truckload 12,980 16,017 Specialized Truckload Truckload 468,618 43,080 Logistics Logistics 1,949 109,993 514,720 181,608 c) Adjustment to the provisional amounts for Daseke business combination The interim financial statements of 2024 included details of the Group’s business combinations and set out provisional fair values relating to the consideration and net assets of Daseke. This acquisition was accounted for under the provisions of IFRS 3. As required by IFRS 3, the provisional fair values have been reassessed in the fourth quarter in light of information obtained during the measurement period following the acquisition. These amounts remain provisional as at December 31, 2024 for the reasons mentioned previously. Consequently, the fair value of certain assets acquired, and liabilities assumed of Daseke have been adjusted retrospective to the date of acquisition as follows: Provisional fair value included in the interim Measurement Reassessed financial statements period adjustments fair value Cash and cash equivalents 46,242 - 46,242 Trade and other receivables 173,389 - 173,389 Inventoried supplies and prepaid expenses 32,611 ( 11,614 ) 20,997 Property and equipment 577,825 ( 53,933 ) 523,892 Right-of-use assets 113,385 ( 5,709 ) 107,676 Intangible assets 60,233 142,057 202,290 Other assets 3,093 - 3,093 Trade and other payables ( 100,716 ) ( 1,417 ) ( 102,133 ) Income tax (payable) receivable ( 58 ) 8,727 8,669 Employee benefits ( 194 ) - ( 194 ) Provisions ( 54,681 ) ( 3,242 ) ( 57,923 ) Other non-current liabilities ( 213 ) - ( 213 ) Long-term debt ( 314,671 ) 1 ( 314,670 ) Lease liabilities ( 113,385 ) 5,709 ( 107,676 ) Deferred tax liabilities ( 96,434 ) ( 29,362 ) ( 125,796 ) Total identifiable net assets 326,426 51,217 377,643 Total consideration transferred 816,958 - 816,958 Goodwill 490,532 ( 51,217 ) 439,315 Cash 816,958 - 816,958 Total consideration transferred 816,958 - 816,958 d) Contingent consideration The contingent consideration for the year ended December 31, 2024 relates to non-material business acquisitions and is recorded in the original determination of the fair value of assets acquired and liabilities assumed. These considerations are contingent on achieving specified earning levels in future periods. The maximum amount payable is $ 4.5 million in less than one year, and $ 2.9 million in more than one year. The contingent consideration for the year ended December 31, 2023 related to non-material business acquisitions and was recorded in the original determination of the fair value of assets acquired and liabilities assumed. These considerations were contingent on achieving specified earning levels in future periods. The maximum amount payable was $ 13.5 million in less than one year, and $ 0.8 million in more than one year. The contingent consideration balance at December 31, 2024 is $ 7.8 million (December 31, 2023 - $ 13.2 million) and is presented in other financial liabilities on the consolidated statements of financial position. e) Adjustment to the provisional amounts of prior year’s business combinations The 2023 annual consolidated financial statements included details of the Group’s business combinations and set out provisional fair values relating to the consideration paid and net assets acquired of various acquisitions. These acquisitions were accounted for under the provisions of IFRS 3. As required by IFRS 3, the provisional fair values have been reassessed in light of information obtained during the measurement period following the acquisition. Consequently, the fair value of certain assets acquired, and liabilities assumed of the acquisitions in fiscal 2023 have been adjusted and finalized in 2024. No material adjustments were required to the provisional fair values for these prior year's business combinations.

Trade and other receivables

Trade and other receivables	12 Months Ended
	Dec. 31, 2024
Trade and other current receivables [abstract]
Trade and other receivables	rade and other receivables December 31, 2024 December 31, 2023 Trade receivables, net of expected credit loss 893,659 846,681 Other receivables 33,995 48,090 927,654 894,771 The Group’s exposure to credit and currency risks related to trade and other receivables is disclosed in note 25 a) and d). Trade receivables as at December 31, 2024 include $ 31.5 million of in-transit revenue balances (December 31, 2023 – $ 32.4 million). Due to the short-term nature of the transportation and logistics services provided by the Group, these services are expected to be completed within the week following the year-end.

Additional cash flow informatio

Additional cash flow information	12 Months Ended
	Dec. 31, 2024
Disclosure Of Information About Additional Cash Flow Information [Abstract]
Additional cash flow information	7. Additional cash flow information Net change in non-cash operating working capital 2024 2023 Trade and other receivables 145,432 224,121 Inventoried supplies 8,101 6,533 Prepaid expenses 12,125 ( 11,648 ) Trade and other payables ( 154,092 ) ( 112,375 ) 11,566 106,631

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
Property and equipment	8. Property and equipment Land and Rolling Note buildings stock Equipment Total Cost Balance at December 31, 2022 1,166,990 1,501,548 204,788 2,873,326 Additions through business combinations 5 145,204 91,870 3,265 240,339 Other additions 77,516 265,687 17,044 360,247 Disposals ( 398 ) ( 136,028 ) ( 529 ) ( 136,955 ) Reclassification to assets held for sale ( 13,325 ) ( 19,741 ) - ( 33,066 ) Reclassification between categories* - 36,319 ( 36,319 ) - Effect of movements in exchange rates 7,990 18,545 4,122 30,657 Balance at December 31, 2023 1,383,977 1,758,200 192,371 3,334,548 Additions through business combinations 5 115,405 465,400 9,278 590,083 Other additions 68,580 295,452 29,269 393,301 Disposals ( 6,008 ) ( 162,983 ) ( 19,426 ) ( 188,417 ) Reclassification to assets held for sale ( 30,974 ) ( 44,961 ) - ( 75,935 ) Effect of movements in exchange rates ( 38,902 ) ( 67,244 ) ( 14,984 ) ( 121,130 ) Balance at December 31, 2024 1,492,078 2,243,864 196,508 3,932,450 Accumulated Depreciation Balance at December 31, 2022 83,140 543,272 114,959 741,371 Depreciation 21,841 210,523 17,471 249,835 Disposals ( 92 ) ( 78,584 ) ( 410 ) ( 79,086 ) Reclassification to assets held for sale ( 1,003 ) ( 4,947 ) - ( 5,950 ) Reclassification between categories* - 11,089 ( 11,089 ) - Effect of movements in exchange rates 1,515 8,879 2,512 12,906 Balance at December 31, 2023 105,401 690,232 123,443 919,076 Depreciation 25,222 286,817 20,541 332,580 Disposals ( 5,829 ) ( 107,464 ) ( 17,169 ) ( 130,462 ) Reclassification to assets held for sale ( 2,237 ) ( 28,226 ) - ( 30,463 ) Effect of movements in exchange rates ( 5,795 ) ( 34,270 ) ( 9,303 ) ( 49,368 ) Balance at December 31, 2024 116,762 807,089 117,512 1,041,363 Net carrying amounts At December 31, 2023 1,278,576 1,067,968 68,928 2,415,472 At December 31, 2024 1,375,316 1,436,775 78,996 2,891,087 * Reclassification between categories had no impact on the depreciation of the reclassified property and equipment As at December 31, 2024, $ 0.5 million is included in trade and other payables for the purchases of property and equipment (December 31, 2023 – nil ). Security As at December 31, 2024, certain rolling stock are pledged as security for conditional sales contracts, with a carrying amount of $ 246.1 million, including additions through business combinations (December 31, 2023 - $ 89.6 million) (see note 13).

Right-of-use Assets

Right-of-use Assets	12 Months Ended
	Dec. 31, 2024
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-use assets	9. Right-of-use assets Land and Rolling Note buildings stock Equipment Total Cost Balance at December 31, 2022 528,791 252,043 3,797 784,631 Other additions 74,580 79,690 948 155,218 Additions through business combinations 5 15,033 15,961 - 30,994 Derecognition* ( 39,674 ) ( 62,276 ) ( 971 ) ( 102,921 ) Effect of movements in exchange rates 9,629 4,940 40 14,609 Balance at December 31, 2023 588,359 290,358 3,814 882,531 Other additions 116,440 90,876 712 208,028 Additions through business combinations 5 75,086 40,297 1,454 116,837 Derecognition* ( 41,580 ) ( 66,563 ) ( 417 ) ( 108,560 ) Effect of movements in exchange rates ( 37,320 ) ( 23,076 ) ( 94 ) ( 60,490 ) Balance at December 31, 2024 700,985 331,892 5,469 1,038,346 Depreciation Balance at December 31, 2022 286,256 114,971 1,764 402,991 Depreciation 66,877 64,340 895 132,112 Derecognition* ( 28,074 ) ( 56,723 ) ( 971 ) ( 85,768 ) Effect of movements in exchange rates 5,456 2,089 21 7,566 Balance at December 31, 2023 330,515 124,677 1,709 456,901 Depreciation 82,112 85,897 1,496 169,505 Derecognition* ( 29,960 ) ( 62,520 ) ( 350 ) ( 92,830 ) Effect of movements in exchange rates ( 21,506 ) ( 10,387 ) ( 85 ) ( 31,978 ) Balance at December 31, 2024 361,161 137,667 2,770 501,598 Net carrying amounts At December 31, 2023 257,844 165,681 2,105 425,630 At December 31, 2024 339,824 194,225 2,699 536,748 * Derecognized right-of-use assets include negotiated asset purchases and extinguishments resulting from accidents as well as fully amortized or end of term right-of-use assets.

Intangible assets

Intangible assets	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	10. Intangible assets Other intangible assets Non- Customer Trademarks compete Information Note Goodwill relationships and other agreements technology Total Cost Balance at December 31, 2022 1,359,345 513,697 42,680 20,007 35,122 1,970,851 Additions through business combinations 5 181,608 244,574 27,127 5,556 2,209 461,074 Other additions - - - - 2,758 2,758 Extinguishments - ( 7,203 ) ( 7,820 ) ( 2,524 ) ( 1,029 ) ( 18,576 ) Effect of movements in exchange rates 21,176 6,127 685 280 245 28,513 Balance at December 31, 2023 1,562,129 757,195 62,672 23,319 39,305 2,444,620 Additions through business combinations 5 514,720 153,576 96,510 3,674 634 769,114 Other additions - - - - 6,274 6,274 Extinguishments - - ( 4,432 ) ( 1,515 ) ( 3,340 ) ( 9,287 ) Effect of movements in exchange rates ( 80,040 ) ( 25,215 ) ( 2,364 ) ( 1,223 ) ( 1,334 ) ( 110,176 ) Balance at December 31, 2024 1,996,809 885,556 152,386 24,255 41,539 3,100,545 Amortization and impairment losses Balance at December 31, 2022 78,012 244,252 27,050 10,130 19,297 378,741 Amortization - 46,629 5,461 4,099 3,839 60,028 Extinguishments - ( 7,203 ) ( 7,820 ) ( 2,524 ) ( 1,029 ) ( 18,576 ) Effect of movements in exchange rates 1,040 3,150 428 168 340 5,126 Balance at December 31, 2023 79,052 286,828 25,119 11,873 22,447 425,319 Amortization - 61,406 8,408 3,869 6,301 79,984 Extinguishments - - ( 4,432 ) ( 1,515 ) ( 3,340 ) ( 9,287 ) Effect of movements in exchange rates ( 3,851 ) ( 12,100 ) ( 931 ) ( 579 ) ( 961 ) ( 18,422 ) Balance at December 31, 2024 75,201 336,134 28,164 13,648 24,447 477,594 Net carrying amounts At December 31, 2023 1,483,077 470,367 37,553 11,446 16,858 2,019,301 At December 31, 2024 1,921,608 549,422 124,222 10,607 17,092 2,622,951 In 2024, the Group assessed the useful lives of three trademarks from the Daseke business combination as indefinite in the aggregate amount of $ 45.7 million. Brand recognition as well as management's intent to keep the brands indefinitely were decisive factors leading to this conclusion. At December 31 2023, there were no material indefinite life intangible assets. At December 31, 2024 and 2023, the Group performed its annual goodwill impairment tests for operating segments which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes. The aggregate carrying amounts of goodwill allocated to each unit are as follows: Reportable segment / operating segment December 31, December 31, Less-Than-Truckload Package and Courier 167,264 182,120 Canadian Less-Than-Truckload 125,484 140,402 U.S. Less-Than-Truckload 34,802 3,375 Truckload Canadian Truckload 101,727 109,593 Specialized Truckload 1,055,530 599,292 Logistics 436,801 448,295 1,921,608 1,483,077 The results as at December 31, 2024 and 2023 determined that the recoverable amounts of the Group’s operating segments exceeded their respective carrying amounts. The recoverable amounts of the Group’s operating segments were determined using the value in use approach. The value in use methodology is based on discounted future cash flows. Management believes that the discounted future cash flows method is appropriate as it allows more precise valuation of specific future cash flows. In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rates as follows: Reportable segment / operating segment 2024 2023 Less-Than-Truckload Package and Courier 11.8 % 12.0 % Canadian Less-Than-Truckload 11.8 % 12.0 % U.S. Less-Than-Truckload 11.2 % 11.4 % Truckload Canadian Truckload 14.2 % 14.4 % Specialized Truckload 13.0 % 13.2 % Logistics 11.2 % 11.4 % The discount rates were estimated based on past experience, and industry average weighted average cost of capital, which were based on a possible range of debt leveraging of 40.0 % (2023 – 40.0 %) at a market interest rate of 9.4 % (2023 – 10.5 %). First year cash flows were projected based on forecasted cash flows which are based on previous operating results adjusted to reflect current economic conditions. For a further 4-year period, cash flows were extrapolated using an average growth rate of 2.5 % (2023 – 2.0 %) in revenues and margins were adjusted where deemed appropriate. The terminal value growth rate was 2.0 % (2023 – 2.0 %). The values assigned to the key assumptions represent management’s assessment of future trends in the transportation industry and were based on both external and internal sources (historical data).

Investments

Investments	12 Months Ended
	Dec. 31, 2024
Investment [Abstract]
Investments	11. Investments As at As at December 31, 2024 December 31, 2023 Level 1 investments 4,669 31,557 Level 2 investments 4,276 4,339 Level 3 investments 13,152 14,313 22,097 50,209 The Group elected to designate all of its investments as at fair value through OCI. During the year ended December 31, 2024, the Group sold Level 1 investments for proceeds of $ 19.1 million resulting in a realized loss, net of tax, of $ 7.2 million on equity securities transferred from OCI to retained earnings.

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2024
Trade and other payables [abstract]
Trade and other payables	12. Trade and other payables As at As at December 31, 2024 December 31, 2023 Trade payables and accrued expenses 430,585 450,638 Personnel accrued expenses 170,621 187,522 Dividend payable 37,984 33,776 639,190 671,936 The Group’s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 25.

Long-term debt

Long-term debt	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about borrowings [abstract]
Long-term debt	13. Long-term debt This note provides information about the contractual terms of the Group’s interest-bearing long-term debt, which is measured at amortized cost. For more information about the Group’s exposure to interest rate, foreign exchange currency and liquidity, see note 25. As at As at December 31, 2024 December 31, 2023 Non-current liabilities Unsecured revolving facilities 275,054 22,166 Unsecured term loan 199,609 - Unsecured senior notes 1,652,742 1,652,049 Conditional sales contracts 178,052 31,278 Other long-term debt 3,971 4,338 2,309,428 1,709,831 Current liabilities Current portion of unsecured debenture - 151,023 Current portion of conditional sales contracts 93,087 22,974 Current portion of other long-term debt 366 354 93,453 174,351 Terms and conditions of outstanding long-term debt are as follows: 2024 2023 Currency Nominal Year of Face Carrying Face Carrying Unsecured revolving facility a CAD CORRA + 1.50 % 2026 370,000 255,812 30,400 21,239 Unsecured revolving facility a USD SOFR + 1.50 % 2026 19,310 19,242 1,000 927 Unsecured term loan a USD 6.07 % 2027 200,000 199,609 - - Unsecured debenture b CAD 3.32 % - 4.22 % 2024 - - 200,000 151,023 Unsecured senior notes c USD 2.89 % - 5.64 % 2026 - 2038 255,000 254,631 255,000 254,376 Unsecured senior notes c USD 3.15 % - 3.50 % 2029 - 2036 500,000 499,273 500,000 499,100 Unsecured senior notes c USD 2.87 % - 3.55 % 2029 - 2034 200,000 199,719 200,000 199,665 Unsecured senior notes c USD 3.50 % - 3.80 % 2032 - 2037 200,000 199,846 200,000 199,808 Unsecured senior notes c USD 6.27 %- 7.11 % 2028 - 2043 500,000 499,273 500,000 499,100 Conditional sales contracts d Mainly CAD 1.45 % - 7.40 % 2025 - 2027 390,766 271,139 71,847 54,252 Other long-term debt USD 3.04 % 2027 4,337 4,337 4,692 4,692 2,402,881 1,884,182 The table below summarizes changes to the long-term debt: Note 2024 2023 Balance at beginning of year 1,884,182 1,315,757 Proceeds from long-term debt 500,000 575,000 Business combinations 5 314,670 4,808 Repayment of long-term debt ( 536,700 ) ( 41,371 ) Net increase in revolving facilities 261,783 25,242 Amortization of deferred financing fees 2,170 1,337 Effect of movements in exchange rates ( 159,433 ) 41,322 Effect of movements in exchange rates - debt designated as net investment hedge 136,209 ( 37,913 ) Balance at end of year 2,402,881 1,884,182 a) Unsecured revolving credit facility and unsecured term loan On March 22, 2024, the Group amended its revolving credit facility, including the addition of a $ 500.0 million term loan and an extension. Under the new amendment, the revolving credit facility was extended to March 22, 2027. The new agreement also provides the Company with a non-revolving term loan for $ 500.0 million maturing in 1 to 3 years, $ 100.0 million each in year one and year two and $ 300.0 million in year three. Based on certain ratios, the interest rate on the term loan is the sum of SOFR, plus an applicable margin, which can vary between 128 basis points and 190 basis points. The applicable margin on the credit facility is 1.65 % at December 31, 2024. Deferred financing fees of $ 1.3 million were recognized on the increase. The amendment also includes the adoption of the Canadian Interest Rate Benchmark Reform, resulting in the replacement of the banker’s acceptance rate in Canada with the Canadian Overnight Repo Rate Average (CORRA), a measure of the cost of overnight general collateral funding in Canadian Dollars using Government of Canada treasury bills and bonds as collateral for repurchase transactions. The change did not have a material impact on the Group’s financial statements. During the year ended December 31, 2024, the Group repaid, without penalty, $ 300 million of its term loan. The revolving credit facility is unsecured and can be extended annually. The Group’s revolving facilities have a total size of $ 904.9 million (December 31, 2023 - $ 951.4 million). The agreement provides an additional $ 175.0 million of credit availability (CAD $ 245 million and USD $ 5 million). The additional credit is available under certain conditions under the Group’s syndicated revolving credit agreement. As of December 31, 2024, the credit facility’s interest rate on CAD denominated debt was 5.10 % (2023 – 6.58 %) and on USD denominated debt was 6.83 % (2023 – 6.60 %). The debt issuances described above are subject to certain covenants regarding the maintenance of financial ratios. The Group was in compliance with these financial covenants at year-end (see note 25(f)). b) Unsecured debenture The unsecured debenture has matured in December 2024 and was carrying an interest rate between 3.32 % and 4.22 % (2023 – 3.32 % to 4.22 %) depending on certain ratios. As of December 31, 2023, the debenture’s effective rate was 3.32 %. c) Unsecured senior notes This loan takes the form of senior notes each carrying an interest rate and maturity date as detailed in the table above. These notes may be prepaid at any time prior to maturity date, in part or in total, at 100 % of the principal amount and the make-whole amount determined at the prepayment date with respect to such principal amount. On October 13, 2023, the Company received $ 500 million in proceeds from the issuance of new debts taking the form of unsecured senior notes consisting of five tranches, with terms from 5 to 20 years and bearing fixed interest rates between 6.27 % and 7.11 %. Deferred financing fees of $ 1.2 million were recognized as a result of the transaction. On August 21, 2023, the Company received $ 75 million in proceeds from the issuance of new debts taking the form of unsecured senior notes consisting of two tranches, $ 50 million and $ 25 million, maturing on August 19, 2035 and 2038 , bearing fixed interest rates of 5.56 % and 5.64 %, respectively. Deferred financing fees of $ 0.1 million were recognized as a result of the transaction. The debt issuances described above are subject to certain covenants regarding the maintenance of financial ratios. The Group was in compliance with these covenants at year-end (see note 25(f)). d) Conditional sales contracts Conditional sales contracts are secured by certain rolling stock having a carrying value of $ 246.1 million (December 31, 2023 - $ 89.6 million,) (see note 8). e) Principal installments of long-term debt payable during the subsequent years are as follows: Less than 1 to 5 More than 1 year years 5 years Total Unsecured revolving facilities - 276,040 - 276,040 Unsecured term loan - 200,000 - 200,000 Unsecured senior notes - 665,000 990,000 1,655,000 Conditional sales contracts 93,087 175,327 2,726 271,140 Other long-term debt 366 3,971 - 4,337 93,453 1,320,338 992,726 2,406,517

Lease liabilities

Lease liabilities	12 Months Ended
	Dec. 31, 2024
Lease liabilities [abstract]
Lease liabilities	14. Lease liabilities As at As at December 31, 2024 December 31, 2023 Current portion of lease liabilities 152,449 127,397 Long-term portion of lease liabilities 421,213 332,761 573,662 460,158 The table below summarizes changes to the lease liabilities: 2024 2023 Balance at beginning of year 460,158 413,039 Business combinations 5 116,837 30,994 Additions 208,028 155,218 Derecognition* ( 15,625 ) ( 18,635 ) Repayment ( 165,350 ) ( 128,107 ) Effect of movements in exchange rates ( 30,386 ) 7,649 Balance at end of year 573,662 460,158 * Derecognized lease liabilities include negotiated asset purchases and extinguishments resulting from accidents. The incremental borrowing rate used on average for 2024 is 5.17 % (2023 – 5.44 %). Extension options Some real estate leases contain extension options exercisable by the Group. Where practicable, the Group seeks to include extension options in new leases to provide operational flexibility. The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there are significant events or significant changes in circumstances within its control. The lease liabilities include future lease payments of $ 7.3 million (2023 – $ 7.9 million) related to extension options that the Group is reasonably certain to exercise. The Group has estimated that the potential future lease payments, should it exercise the remaining extension options, would result in an increase in lease liabilities of $ 441.2 million (2023 - $ 375.0 million). The Group does not have a significant exposure to termination options and penalties. Variable lease payments Some leases contain variable lease payments which are not included in the measurement of the lease liability. These payments include, amongst others, common area maintenance fees, municipal taxes and vehicle maintenance fees. The expense related to variable lease payments for the year ended December 31, 2024 was $ 26.2 million (2023 - $ 21.9 million). Sub-leases The Group sub-leases some of its properties. Income from sub-leasing right-of-use assets for the year ended December 31, 2024 was $ 21.1 million (2023 - $ 15.7 million), presented in “Other operating expenses”. Contractual cash flows The total contractual cash flow maturities of the Group’s lease liabilities are as follows: As at December 31, 2024 Less than 1 year 176,039 Between 1 and 5 years 361,122 More than 5 years 117,573 654,734 For the year ended December 31, 2024, lease expenses of $ 41.3 million (2023 – $ 36.8 million) were recognized in the consolidated statement of income for leases that either did not meet the definition of a lease under IFRS 16, or were excluded based on practical expedients applied.

Employee benefits

Employee benefits	12 Months Ended
	Dec. 31, 2024
Disclosure of information about defined benefit plans [abstract]
Employee benefits	15. Employee benefits TFI International pension plans The Group sponsors defined benefit pension plans for 1 of its employees (2023 – 1 ). The plan is within Canada and includes one unregistered plan. The last pension benefits were paid in 2023 for all the defined benefit pension plans but one. The defined benefit plans are no longer offered to employees. Therefore, the future obligation will only vary by actuarial re-measurements. The Group measures its accrued benefit obligations and the fair value of plan assets for accounting purposes as at December 31 of each year. The most recent actuarial valuation of the pension plans for funding purposes was as of December 31, 2023 and the next required valuation will be as of December 31, 2024. TForce Freight pension plans The pension plans have ongoing benefit accruals and new employees that are eligible to participate in the plans once they satisfy the participation requirements. The pension plans include 6,124 active participants (2023 - 6,895 ). The plans do not have recurring contributions for employees. These plans are still required to fund past service costs and are fully funded by the Group. The Group measures its accrued benefit obligations and the fair value of plan assets for accounting purposes as at December 31 of each year. The most recent actuarial valuation of the pension plans for funding purposes was as of December 31, 2023 and the next required valuation will be as of December 31, 2024. Information in the tables that follow pertains to all of the Group’s defined benefit pension plans. December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation 14,938 252,863 267,801 13,999 212,373 226,372 Fair value of plan assets ( 366 ) ( 196,979 ) ( 197,345 ) ( 200 ) ( 172,941 ) ( 173,141 ) Net defined benefit liability (asset) 14,572 55,884 70,456 13,799 39,432 53,231 Plan assets comprise: December 31, 2024 December 31, 2023 TFI International pension plans Equity securities 0 % 14 % Other 100 % 86 % TForce Freight pension plans Equity securities 95 % 95 % Debt securities 5 % 5 % All equity and debt securities have quoted prices in active markets. Debt securities are held through mutual funds and primarily hold investments with ratings of AAA, AA or A, based on Moody’s ratings. Movement in the present value of the accrued benefit obligation for defined benefit plans: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation, beginning of year 13,999 212,373 226,372 20,189 144,110 164,299 Current service cost 474 55,749 56,223 382 58,155 58,537 Interest cost 638 11,007 11,645 787 7,342 8,129 Benefits paid - ( 2,749 ) ( 2,749 ) ( 10,139 ) ( 3,832 ) ( 13,971 ) Remeasurement loss (gain) arising from: - Demographic - 3,143 3,143 - 1,017 1,017 - Financial assumptions 141 ( 29,522 ) ( 29,381 ) 566 7,303 7,869 - Experience 839 2,865 3,704 1,849 ( 1,760 ) 89 Settlement - - - 28 29 57 Effect of movements in exchange rates ( 1,153 ) ( 3 ) ( 1,156 ) 337 9 346 Defined benefit obligation, end of year 14,938 252,863 267,801 13,999 212,373 226,372 Movement in the fair value of plan assets for defined benefit plans: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Fair value of plan assets, beginning of year 200 172,941 173,141 10,214 158,444 168,658 Interest income 8 9,035 9,043 250 8,124 8,374 Employer contributions ( 16 ) 20,000 19,984 37 - 37 Benefits paid - ( 2,749 ) ( 2,749 ) ( 10,139 ) ( 3,832 ) ( 13,971 ) Fair value remeasurement 193 ( 232 ) ( 39 ) ( 165 ) 11,816 11,651 Plan administration expenses - ( 1,981 ) ( 1,981 ) ( 44 ) ( 1,623 ) ( 1,667 ) Effect of movements in exchange rates ( 19 ) ( 35 ) ( 54 ) 47 12 59 Fair value of plan assets, end of year 366 196,979 197,345 200 172,941 173,141 Expense recognized in income or loss: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Current service cost 474 55,749 56,223 382 58,155 58,537 Net interest cost 630 1,972 2,602 537 ( 782 ) ( 245 ) Plan administration expenses - 1,981 1,981 44 1,623 1,667 Net settlement - - - 28 29 57 Pension expense 1,104 59,702 60,806 991 59,025 60,016 Actual return on plan assets 201 8,803 9,004 85 19,940 20,025 Actuarial losses recognized in other comprehensive income: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Amount accumulated in retained 11,451 ( 80,494 ) ( 69,043 ) 8,871 ( 75,238 ) ( 66,367 ) earnings, beginning of year Recognized during the year 787 ( 23,282 ) ( 22,495 ) 2,580 ( 5,256 ) ( 2,676 ) Amount accumulated in retained earnings, end of year 12,238 ( 103,776 ) ( 91,538 ) 11,451 ( 80,494 ) ( 69,043 ) Recognized during the year, net of tax 580 ( 17,389 ) ( 16,809 ) 1,902 ( 3,918 ) ( 2,016 ) The significant actuarial assumptions used (expressed as weighted average): December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Defined benefit obligation: Discount rate at 4.7 % 5.7 % 4.8 % 5.0 % Future salary increases N/A 2.0 % 3.0 % 2.0 % Employee benefit expense: Discount rate at 5.0 % 5.7 % 5.0 % 5.0 % Rate of return on plan assets at 5.0 % 5.7 % 5.0 % 5.0 % Future salary increases N/A 2.0 % 3.0 % 2.0 % Assumptions regarding future mortality are based on published statistics and mortality tables. The current longevities underlying the value of the liabilities in the defined benefit plans are as follows: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Longevity at age 65 for current pensioners Males 22.4 19.9 22.3 19.1 Females 25.0 21.9 25.0 22.0 Longevity at age 65 for current members aged 45 Males 23.8 21.5 23.8 20.6 Females 26.4 23.4 26.3 23.4 At December 31, 2024 the weighted average duration of the defined benefit obligation was: TFI International pension plans 9.5 TForce Freight pension plans 16.3 The following table presents the impact of changes of major assumptions on the defined benefit obligation for the years ended: 2024 2023 Increase Decrease Increase Decrease Discount rate (1% movement) ( 38,006 ) 48,004 ( 34,520 ) 44,102 Historical information: 2024 2023 2022 2021 2020 Defined benefit obligation 267,801 226,372 164,299 160,780 35,529 Fair value of plan assets ( 197,345 ) ( 173,141 ) ( 168,658 ) ( 93,903 ) ( 21,147 ) Deficit (surplus) in the plans 70,456 53,231 ( 4,359 ) 66,877 14,382 Experience adjustments arising on plan obligations ( 22,534 ) 8,975 ( 112,739 ) 5,823 3,220 Experience adjustments arising on plan assets ( 39 ) 11,651 ( 27,473 ) 310 1,129 The Group expects contributions of $ 84.8 million to be paid to its defined benefit plans in 2025. Contributions to multi-employer plans Pursuant to the terms of the purchase agreement for JHT, the Group participates in, under collective bargaining agreements, three multi-employer benefit plans named : • Central States, Southeast and Soutwest Areas Pension Plan • IAM National Pension Fund • Western Congerence of Teamsters Pension Plan The Groups contribution under the plans were expensed as incurred and totaled $ 10.0 million in 2024 (2023 - $ 3.5 million).

Provisions

Provisions	12 Months Ended
	Dec. 31, 2024
Provisions [abstract]
Provisions	16. Provisions Self-insurance Other Total Balance at December 31, 2022 96,251 79,388 175,639 Additions through business combinations 5 16,364 3,555 19,919 Provisions made during the year 159,276 12,937 172,213 Provisions used during the year ( 129,089 ) ( 52,637 ) ( 181,726 ) Provisions reversed during the year ( 16,705 ) ( 7,080 ) ( 23,785 ) Unwind of discount on long-term provisions ( 2,666 ) - ( 2,666 ) Effect of movements in exchange rates 214 92 306 Balance at December 31, 2023 123,645 36,255 159,900 Additions through business combinations 5 51,813 6,110 57,923 Provisions made during the year 141,645 32,704 174,349 Provisions used during the year ( 104,716 ) ( 40,188 ) ( 144,904 ) Provisions reversed during the year ( 14,553 ) ( 1,370 ) ( 15,923 ) Unwind of discount on long-term provisions ( 550 ) - ( 550 ) Effect of movements in exchange rates ( 938 ) ( 174 ) ( 1,112 ) Balance at December 31, 2024 196,346 33,337 229,683 As at December 31, 2024 Current provisions 71,894 15,678 87,572 Non-current provisions 124,452 17,659 142,111 196,346 33,337 229,683 As at December 31, 2023 Current provisions 46,940 19,625 66,565 Non-current provisions 76,705 16,630 93,335 123,645 36,255 159,900 Self-insurance provisions represent the uninsured portion of outstanding claims at year-end. The current portion reflects the amount expected to be paid in the following year. Due to the long-term nature of the liability, the provision has been calculated using a discount rate of 4.38 % (2023 – 3.84 %). Other provisions include mainly litigation provisions of $ 17.7 million (2023 - $ 16.6 million) and environmental remediation liabilities of $ 3.5 million (2023 - $ 9.7 million). Litigation provisions contain various pending claims for which management used judgement and assumptions about future events. The outcomes will depend on future claim developments.

Deferred tax assets and liabili

Deferred tax assets and liabilities	12 Months Ended
	Dec. 31, 2024
Deferred tax assets and liabilities [abstract]
Deferred tax assets and liabilities	17. Deferred tax assets and liabilities December 31, December 31, Property and equipment ( 467,144 ) ( 382,208 ) Intangible assets ( 163,616 ) ( 127,547 ) Right-of-use assets 9,414 8,600 Employee benefits 26,324 26,510 Provisions 77,814 51,458 Tax losses 8,380 10,054 Other 1,307 506 Net deferred tax liabilities ( 507,521 ) ( 412,627 ) Presented as: Deferred tax assets 13,724 20,615 Deferred tax liabilities ( 521,245 ) ( 433,242 ) Movement in temporary differences during the year: Balance Recognized Recognized Acquired Balance December 31, in income directly in business December 31, 2023 or loss in equity combinations 2024 Property and equipment ( 382,208 ) 26,249 7,383 ( 118,568 ) ( 467,144 ) Intangible assets ( 127,547 ) 10,318 1,476 ( 47,863 ) ( 163,616 ) Long-term debt 8,600 1,190 ( 415 ) 39 9,414 Employee benefits 26,510 8,591 ( 8,777 ) - 26,324 Provisions 51,458 ( 957 ) 1,983 25,330 77,814 Tax losses 10,054 ( 1,624 ) ( 705 ) 655 8,380 Other 506 ( 866 ) 1,667 - 1,307 Net deferred tax liabilities ( 412,627 ) 42,901 2,612 ( 140,407 ) ( 507,521 ) Balance Recognized Recognized Acquired Balance December 31, in income directly in business December 31, 2022 or loss in equity combinations 2023 Property and equipment ( 360,111 ) 8,637 ( 3,233 ) ( 27,501 ) ( 382,208 ) Intangible assets ( 72,032 ) 10,870 ( 798 ) ( 65,587 ) ( 127,547 ) Long-term debt 7,497 660 443 - 8,600 Employee benefits 23,111 5,119 ( 1,720 ) - 26,510 Provisions 53,818 ( 5,399 ) ( 2,303 ) 5,342 51,458 Tax losses 5,686 2,953 1,411 4 10,054 Other 892 ( 396 ) 10 - 506 Net deferred tax liabilities ( 341,139 ) 22,444 ( 6,190 ) ( 87,742 ) ( 412,627 ) As at December 31, 2024, the Company had $ 148.0 million in capital losses for which no deferred tax assets has been recognized. These capital losses can be carried forward indefinitely but can only be used against future taxable capital gains. Additionally, as at December 31, 2024, no deferred tax liability was recognized for temporary differences arising from investments in subsidiaries because the Company controls the decisions affecting the realization of such liabilities and it is probable that the temporary differences will not reverse in the foreseeable future.

Share capital and other compone

Share capital and other components of equity	12 Months Ended
	Dec. 31, 2024
Share Capital And Other Components Of Equity [Abstract]
Share capital and other components of equity	18. Share capital and other components of equity The Company is authorized to issue an unlimited number of common shares and preferred shares, issuable in series. Both common and preferred shares are without par value. All issued shares are fully paid. The common shares entitle the holders thereof to one vote per share. The holders of the common shares are entitled to receive dividends as declared from time to time. Subject to the rights, privileges, restrictions and conditions attached to any other class of shares of the Company, the holders of the common shares are entitled to receive the remaining property of the Company upon its dissolution, liquidation or winding-up. The following table summarizes the number of common shares issued: (in number of shares) Note 2024 2023 Balance, beginning of year 84,441,733 86,539,559 Repurchase and cancellation of own shares ( 545,305 ) ( 2,609,900 ) Stock options exercised 20 512,009 512,074 Balance, end of period 84,408,437 84,441,733 The following table summarizes the share capital issued and fully paid: 2024 2023 Balance, beginning of year 1,107,290 1,089,229 Repurchase and cancellation of own shares ( 5,929 ) ( 28,303 ) Cash consideration of stock options exercised 13,523 12,777 Ascribed value credited to share capital on stock options exercised, net of tax 2,985 4,402 Issuance of shares on settlement of RSUs and PSUs, net of tax 17,631 29,185 Balance, end of year 1,135,500 1,107,290 Pursuant to the normal course issuer bid (“NCIB”) which began on November 2, 2024 and ends on November 1, 2025, the Company is authorized to repurchase for cancellation up to a maximum of 7,918,102 of its common shares under certain conditions. As at December 31, 2024, and since the inception of this NCIB, the Company has repurchased and cancelled 295,205 shares. During 2024, the Company repurchased 545,305 common shares at a weighted average price of $ 140.50 per share for a total purchase price of $ 76.6 million relating to the current and prior NCIB. During 2023, the Company repurchased 2,609,900 common shares at a weighted average price of $ 110.36 per share for a total purchase price of $ 288.0 million relating to a previous NCIB. The excess of the purchase price paid over the carrying value of the shares repurchased in the amount of $ 70.7 million (2023 – $ 259.7 million) was charged to retained earnings as share repurchase premium. Dividends In 2024, the Company declared quarterly dividends amounting to a total of $ 1.65 per outstanding common share when the dividend was declared (2023 – $ 1.45 ) for a total of $ 139.5 million (2023 - $ 124.3 million). On February 15, 2025, the Board of Directors approved a quarterly dividend of $ 0.45 per outstanding common share of the Company’s capital, for an expected aggregate payment of $ 37.9 million to be paid on April 15, 2025 to shareholders of record at the close of business on March 31, 2025 .

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2024
Earnings per share [abstract]
Earnings per share	19. Earnings per share Basic earnings per share The basic earnings per share and the weighted average number of common shares outstanding have been calculated as follows: (in thousands of dollars and number of shares) 2024 2023 Net income 422,484 504,877 Issued common shares, beginning of period 84,441,733 86,539,559 Effect of stock options exercised 285,606 340,802 Effect of repurchase of own shares ( 175,763 ) ( 972,615 ) Weighted average number of common shares 84,551,576 85,907,746 Earnings per share – basic (in dollars) 5.00 5.88 Diluted earnings per share The diluted earnings per share and the weighted average number of common shares outstanding after adjustment for the effects of all dilutive common shares have been calculated as follows: (in thousands of dollars and number of shares) 2024 2023 Net income 422,484 504,877 Weighted average number of common shares 84,551,576 85,907,746 Dilutive effect: Stock options, restricted share units and performance share units 691,532 1,147,023 Weighted average number of diluted common shares 85,243,108 87,054,769 Earnings per share - diluted (in dollars) 4.96 5.80 As at December 31, 2024, no stock options were excluded from the calculation of diluted earnings per share (2023 – nil ) as none were deemed to be anti-dilutive. The average market value of the Company’s shares for purposes of calculating the dilutive effect of stock options was based on quoted market prices for the period during which the options were outstanding.

Share-based payment arrangement

Share-based payment arrangements	12 Months Ended
	Dec. 31, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share-based payment arrangements	20. Share-based payment arrangements Stock option plan (equity-settled) The Company offers a stock option plan for the benefit of certain of its employees. The maximum number of shares that can be issued upon the exercise of options granted under the current 2012 stock option plan is 5,979,201 . Each stock option entitles its holder to receive one common share upon exercise. The exercise price payable for each option is determined by the Board of Directors at the date of grant, and may not be less than the volume weighted average trading price of the Company’s shares for the last five trading days immediately preceding the grant date. The options vest in equal installments over three years and the expense is recognized following the accelerated method as each installment is fair valued separately and recorded over the respective vesting periods. The table below summarizes the changes in the outstanding stock options: (in thousands of options and in dollars) 2024 2023 Weighted Weighted Number average Number average of exercise of exercise options price options price Balance, beginning of year 790 29.17 1,302 27.89 Exercised ( 512 ) 27.93 ( 512 ) 25.92 Balance, end of year 278 31.44 790 29.17 Options exercisable, end of year 278 31.44 790 29.17 The following table summarizes information about stock options outstanding and exercisable at December 31, 2024: (in thousands of options and in dollars) Options outstanding and exercisable Weighted average Number remaining of contractual life Exercise prices options (in years) 23.70 6 0.1 30.71 246 1.2 40.41 26 2.6 278 1.3 Of the options outstanding at December 31, 2024, a total of 252,736 (2023 – 726,572 ) are held by key management personnel. The weighted average share price at the date of exercise for stock options exercised in 2024 was $ 141.69 (2023 – $ 123.72 ). In 2024, the Group recognized no compensation expense (2023 - $ 0.2 million). No stock options were granted during 2024 and 2023 under the Company’s stock option plan. Deferred share unit plan for board members (cash-settled) In 2024, quarterly amounts are paid fully in cash to the board members on the 2nd Thursday following each quarter. Until December 31, 2023, in addition, an equity portion of compensation was awarded, comprised of restricted share units granted annually effective on the date of each Annual Meeting, with a vesting period of one year . Until December 31, 2020, the Company offered a deferred share unit (“DSU”) plan for its board members. Under this plan, board members could elect to receive cash, DSUs or a combination of both for their compensation. The following table provides the number of DSUs related to this plan: (in units) 2024 2023 Balance, beginning of year - 310,128 Paid - ( 313,312 ) Forfeited - ( 170 ) Dividends paid in units - 3,354 Balance, end of year - - For the year ended December 31, 2024, the Group recognized, as a result of the cash-settled director compensation plan, a compensation expense of $ 2.2 million (2023 - $ 1.1 million). For the year ended December 31, 2023, in personnel expenses, the Group recognized a mark-to-market gain of $ 4.5 million on DSUs. As at December 31, 2023, the total carrying amount of liabilities for cash-settled arrangements recorded in trade and other payables was $ 2.9 million following the settlement of all outstanding DSUs in 2023 for a total cash settlement of $ 35.8 million, of which $ 2.9 million was paid at the end of 2024. Restricted share unit and performance share unit plans (equity-settled) The Company offers an equity incentive plan for the benefit of senior employees of the Group. Each participant’s annual LTIP allocation is split in two equally weighted awards of performance share units (“PSUs”) and of restricted share units (‘’RSUs’’). The PSUs are subject to both performance and time cliff vesting conditions on the third anniversary of the award whereas the RSUs are only subject to a time cliff vesting condition on the third anniversary of the award. The performance conditions attached to the PSUs are equally weighted between absolute earnings before interest and income tax and relative total shareholder return (“TSR”). For purposes of the relative TSR portion, there are two equally weighted comparisons: the first portion is compared against the TSR of a group of transportation industry peers and the second portion is compared against the S&P/TSX60 index. Restricted share units On February 8, 2024, the Company granted a total of 45,850 RSUs under the Company’s equity incentive plan of which 30,842 were granted to key management personnel. The fair value of the RSUs is determined to be the share price fair value at the date of the grant and is recognized as a share-based compensation expense, through contributed surplus, over the vesting period. The fair value of the RSUs granted was $ 135.00 per unit. On February 6, 2023, the Company granted a total of 55,400 RSUs under the Company’s equity incentive plan of which 38,275 were granted to key management personnel. The fair value of the RSUs is determined to be the share price fair value at the date of the grant and is recognized as a share-based compensation expense, through contributed surplus, over the vesting period. The fair value of the RSUs granted was $ 115.51 per unit. On April 26, 2023, the Company granted a total of 7,632 RSUs under the Company’s equity incentive plan of which 7,632 were granted to the directors under the director compensation plan. The fair value of the RSUs is determined to be the share price fair value at the date of the grant and is recognized as a share-based compensation expense, through contributed surplus, over the vesting period. The fair value of the RSUs granted was $ 117.85 per unit. The table below summarizes changes to the outstanding RSUs: (in thousands of RSUs and in dollars) 2024 2023 Weighted Weighted Number average Number average of grant date of grant date RSUs fair value RSUs fair value Balance, beginning of year 192 93.62 272 58.33 Granted* 51 137.21 63 115.81 Reinvested 2 104.17 4 74.69 Settled ( 82 ) 77.79 ( 145 ) 36.87 Forfeited ( 5 ) 115.83 ( 2 ) 69.92 Balance, end of year 158 115.34 192 93.62 * Granted RSUs include the conversion of units of Daseke employees ( 5,182 RSUs) The following table summarizes information about RSUs outstanding as at December 31, 2024: (in thousands of RSUs and in dollars) RSUs outstanding Remaining Number of contractual life Grant date fair value RSUs (in years) 98.27 55 0.1 157.51 2 1.0 115.51 54 1.1 157.51 1 1.2 135.00 45 2.1 158 1.0 The weighted average share price at the date of settlement of the other RSUs vested in 2024 was $ 134.64 (2023 – $ 115.13 ). The excess of the purchase price paid to repurchase shares on the market over the carrying value of awarded RSUs, in the amount of $ 10.4 million (2023 – $ 18.3 million), was charged to retained earnings as share repurchase premium. In 2024, the Group recognized, as a result of RSUs, a compensation expense of $ 6.2 million (2023 - $ 6.0 million) with a corresponding increase to contributed surplus. Of the RSUs outstanding at December 31, 2024, a total of 103,872 (2023 – 116,368 ) are held by key management personnel. Performance share units On February 8, 2024, the Company granted a total of 45,850 PSUs under the Company’s equity incentive plan of which 30,842 were granted to key management personnel. The fair value of the PSUs is determined using a Monte Carlo simulation model for the TSR portion and using management’s estimates for the absolute earnings before interest and income tax portion. The estimates related to the absolute earnings before interest and income tax portion are revised during the vesting period and the cumulative amount recognized at each reporting date is based on the number of equity instruments for which service and non-market performance conditions are expected to be satisfied. The share-based compensation expense is recognized, through contributed surplus, over the vesting period. The fair value of the PSUs granted was $ 156.17 per unit as at grant date and $ 151.44 per unit as at December 31, 2024. On February 6, 2023, the Company granted a total of 55,400 PSUs under the Company’s equity incentive plan of which 38,275 were granted to key management personnel. The fair value of the PSUs is determined using a Monte Carlo simulation model for the TSR portion and using management’s estimates for the absolute earnings before interest and income tax portion. The estimates related to the absolute earnings before interest and income tax portion are revised during the vesting period and the cumulative amount recognized at each reporting date is based on the number of equity instruments for which service and non-market performance conditions are expected to be satisfied. The share-based compensation expense is recognized, through contributed surplus, over the vesting period. The fair value of the PSUs granted was $ 135.15 per unit as at grant date and $ 124.75 per unit as at December 31, 2024. The table below summarizes changes to the outstanding PSUs: (in thousands of PSUs and in dollars) 2024 2023 Weighted Weighted Number average Number average of grant date of grant date PSUs fair value PSUs fair value Balance, beginning of year 184 106.17 261 62.87 Granted 46 156.17 55 135.15 Reinvested 1 106.72 4 84.93 Settled ( 135 ) 89.87 ( 267 ) 32.70 Added due to performance conditions 64 89.87 134 32.93 Forfeited ( 5 ) 129.43 ( 3 ) 109.61 Balance, end of year 155 127.72 184 106.17 The following table summarizes information about PSUs outstanding as at December 31, 2024: (in thousands of PSUs and in dollars) PSUs outstanding Remaining Number of contractual life Grant date fair value PSUs (in years) 100.43 57 0.1 135.15 53 1.1 156.17 45 2.1 155 1.0 The weighted average share price at the date of settlement of the other PSUs vested in 2024 was $ 133.74 (2023 – $ 115.13 ). The excess of the purchase price paid to repurchase shares on the market over the carrying value of awarded PSUs, in the amount of $ 19.8 million, was charged to retained earnings as share repurchase premium (2023 – $ 36.8 million). In 2024, the Group recognized, as a result of PSUs, a compensation expense of $ 4.9 million (2023 - $ 7.3 million) with a corresponding increase to contributed surplus. Of the PSUs outstanding at December 31, 2024, a total of 103,872 (2023 – 116,368 ) are held by key management personnel.

Materials and services expenses

Materials and services expenses	12 Months Ended
	Dec. 31, 2024
Material income and expense [abstract]
Materials and services expenses	21. Materials and services expenses The Group’s materials and services expenses are primarily costs related to independent contractors and vehicle operation expenses. Vehicle operation expenses consists primarily of fuel costs, repairs and maintenance, insurance, permits and operating supplies. 2024 2023 Independent contractors 2,902,226 2,805,924 Vehicle operation expenses 1,268,909 999,922 4,171,135 3,805,846

Personnel expenses

Personnel expenses	12 Months Ended
	Dec. 31, 2024
Personnel Expense [Abstract]
Personnel expenses	22. Personnel expenses Note 2024 2023 Short-term employee benefits 2,392,249 2,007,954 Contributions to defined contribution plans 9,011 8,399 Current and past service costs related to defined benefit plans 15 56,223 58,537 Termination benefits 27,758 16,743 Equity-settled share-based payment transactions 20 11,074 13,451 Cash-settled share-based payment transactions 20 - 4,538 2,496,315 2,109,622

Finance Income and Finance Cost

Finance Income and Finance Costs	12 Months Ended
	Dec. 31, 2024
Disclosure Of Finance Income And Finance Costs [Abstract]
Finance income and finance costs	23. Finance income and finance costs Recognized in income or loss: Costs (income) 2024 2023 Interest expense on long-term debt and amortization of deferred financing fees 127,062 59,432 Interest expense on lease liabilities 24,904 16,042 Interest income ( 7,723 ) ( 8,121 ) Net change in fair value and accretion expense of contingent considerations ( 6,037 ) 165 Net foreign exchange loss (gain) 3,786 ( 491 ) Other financial expenses 16,247 13,844 Net finance costs 158,239 80,871 Presented as: Finance income ( 13,760 ) ( 8,612 ) Finance costs 171,999 89,483

Income tax expense

Income tax expense	12 Months Ended
	Dec. 31, 2024
Major components of tax expense (income) [abstract]
Income tax expense	24. Income tax expense Income tax recognized in income or loss: 2024 2023 Current tax expense Current period 179,142 192,388 Adjustment for prior periods 1,998 1,943 181,140 194,331 Deferred tax expense (recovery) Origination and reversal of temporary differences ( 39,578 ) ( 20,102 ) Variation in tax rate ( 1,053 ) 1,551 Adjustment for prior periods ( 2,270 ) ( 3,893 ) ( 42,901 ) ( 22,444 ) Income tax expense 138,239 171,887 Income tax recognized in other comprehensive income: 2024 2023 Tax Tax Before (benefit) Net of Before (benefit) Net of tax expense tax Tax expense tax Foreign currency translation differences 5,675 - 5,675 ( 881 ) - ( 881 ) Defined benefit plan remeasurement gains 22,495 5,686 16,809 2,676 660 2,016 Gain (loss) on net investment hedge ( 135,112 ) 977 ( 136,089 ) 37,913 ( 1,792 ) 39,705 Change in fair value of investment in equity securities ( 7,962 ) 146 ( 8,108 ) 8,383 1,102 7,281 ( 114,904 ) 6,809 ( 121,713 ) 48,091 ( 30 ) 48,121 Reconciliation of effective tax rate: 2024 2023 Income before income tax 560,723 676,764 Income tax using the Company’s statutory tax rate 26.5 % 148,592 26.5 % 179,342 Increase (decrease) resulting from: Rate differential between jurisdictions 0.0 % 200 0.1 % 548 Variation in tax rate - 0.2 % ( 1,053 ) 0.2 % 1,551 Non deductible expenses 1.2 % 6,839 0.3 % 2,005 Tax deductions and tax exempt income - 3.0 % ( 17,021 ) - 2.2 % ( 14,909 ) Adjustment for prior periods 0.0 % ( 272 ) - 0.3 % ( 1,950 ) Multi-jurisdiction tax 0.2 % 954 0.8 % 5,300 24.7 % 138,239 25.4 % 171,887

Financial instruments and finan

Financial instruments and financial risk management	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]
Financial instruments and financial risk management	25. Financial instruments and financial risk management Risks In the normal course of its operations and through its financial assets and liabilities, the Group is exposed to the following risks: • credit risk • liquidity risk • market risk. This note presents information about the Group’s exposure to each of the above risks, the Group’s objectives and processes for managing risk, and the Group’s management of capital. Further quantitative disclosures are included throughout these consolidated financial statements. Risk management framework The Group’s management identifies and analyzes the risks faced by the Group, sets appropriate risk limits and controls, and monitors risks and adherence to limits. Risk management is reviewed regularly to reflect changes in market conditions and the Group’s activities. The Board of Directors has overall responsibility of the Group’s risk management framework. The Board of Directors monitors the Group’s risks through its audit committee. The audit committee reports regularly to the Board of Directors on its activities. The Group’s audit committee oversees how management monitors and manages the Group’s risks and is assisted in its oversight role by the Group’s internal audit. Internal audit undertakes both regular and ad hoc reviews of risk, the results of which are reported to the audit committee. a) Credit risk Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligation, and arises principally from the Group’s trade receivables. The Group grants credit to its customers in the ordinary course of business. Management believes that the credit risk of trade receivables is limited due to the following reasons: • There is a broad base of customers with dispersion across different market segments; • No single customer accounts for more than 5 % of the Group’s revenue ; • Approximately 91.4 % (2023 – 89.9 %) of the Group’s trade receivables are not past due or 30 days or less past due ; • Bad debt expense has been less than 0.3 % of consolidated revenues for the last 2 years. Exposure to credit risk The Group’s maximum credit exposure corresponds to the carrying amount of the financial assets. The maximum exposure to credit risk at the reporting date was: December 31, December 31, Trade and other receivables 927,654 894,771 Impairment losses The aging of trade and other receivables at the reporting date was: Allowance for Allowance for expected expected Total credit loss Total credit loss 2024 2024 2023 2023 Not past due 646,859 2,145 619,888 1,817 Past due 1 – 30 days 174,343 2,526 159,928 2,909 Past due 31 – 60 days 52,700 7,578 47,529 8,727 Past due more than 60 days 79,013 13,012 96,932 16,053 952,915 25,261 924,277 29,506 The movement in the allowance for expected credit loss in respect of trade and other receivables during the year was as follows: 2024 2023 Balance, beginning of year 29,506 29,038 Business combinations 2,837 2,100 Bad debt expenses 14,846 30,992 Amount written off and recoveries ( 19,631 ) ( 33,302 ) Effect of movements in exchange rates ( 2,297 ) 678 Balance, end of year 25,261 29,506 b) Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to its reputation. Cash inflows and cash outflows requirements from the Group’s entities are monitored closely and separately to ensure the Group optimizes its cash return on investment. Typically, the Group ensures that it has sufficient cash to meet expected operational expenses; this excludes the potential impact of extreme circumstances that cannot reasonably be predicted. The Group monitors its short and medium-term liquidity needs on an ongoing basis using forecasting tools. In addition, the Group maintains revolving facilities, which have $ 549.7 million availability as at December 31, 2024 (2023 - $ 915.3 million) and an additional $ 175.0 million credit available (CAD $ 245 million and USD $ 5 million) (2023 - $ 190.0 million, CAD $ 245 million and USD $ 5 million). The additional credit is available under certain conditions under the Group’s syndicated bank agreement. The following are the contractual maturities of the financial liabilities, including estimated interest payment: Carrying Contractual Less than 1 to 2 2 to 5 More than amount cash flows 1 year years years 5 years 2024 Trade and other payables 639,190 639,190 639,190 - - - Long-term debt 2,402,881 3,178,019 209,454 973,603 522,404 1,472,558 Other financial liability* 7,779 7,779 7,779 - - - 3,049,850 3,824,988 856,423 973,603 522,404 1,472,558 2023 Trade and other payables 671,939 671,939 671,939 - - - Long-term debt 1,884,274 2,644,474 257,414 354,206 293,772 1,739,082 Other financial liability* 13,572 13,572 12,732 840 - - 2,569,785 3,329,985 942,085 355,046 293,772 1,739,082 * Includes the contractual maturities for the contingent considerations presented in other financial liabilities. Other financial liabilities with no contractual cashflows in the amount of $ 11.9 million (2023 - $ 13.5 million) are excluded from the table above. It is not expected that the contractual cash flows could occur significantly earlier, or at significantly different amounts. c) Market risk Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposure within acceptable parameters, while optimizing the return. The Group buys and sell derivatives, periodically, although no derivatives were in effect during 2024 and 2023, and also incurs financial liabilities, in order to manage market risks. All such transactions are carried out within the guidelines set by the Group’s management and it does not use derivatives for speculative purposes. The Group buys investment in equity securities to hold the investments for the long term for strategic purposes. All investments are designated as fair value through OCI. d) Currency risk The Group is exposed to currency risk on financial assets and liabilities, sales and purchases that are denominated in a currency other than the respective functional currencies of Group entities. Primarily the Canadian entities are exposed to U.S. dollars and entities having a functional currency other than the Canadian dollars (foreign operations) are not significantly exposed to currency risk. The Group mitigates and manages its future USD cash flow by creating offsetting positions through the use of foreign exchange contracts periodically, although none were in effect during 2024 and 2023, and USD debt. To mitigate its financial net liabilities exposure to foreign currency risk related to Canadian entities, the Group designated a portion of its U.S. dollar denominated debt as a hedging item in a net investment hedge. The Group’s financial assets and liabilities exposure to foreign currency risk related to Canadian entities was as follows based on notional amounts: 2024 2023 Trade and other receivables 53,423 41,239 Trade and other payables ( 8,984 ) ( 7,379 ) Long-term debt ( 1,653,291 ) ( 1,654,689 ) Balance sheet exposure ( 1,608,852 ) ( 1,620,829 ) Long-term debt designated as investment hedge 1,655,000 1,655,000 Net balance sheet exposure 46,148 34,171 The Group estimates its annual net USD denominated cash flow from operating activities at approximately $ 500 million (2023 - $ 470 million). This cash flow is earned evenly throughout the year. The following exchange rates applied during the year: December 31, December 31, Average USD for the year ended 1.3698 1.3497 Closing USD as at 1.4384 1.3243 Sensitivity analysis A 1-cent increase in the U.S. dollar at the reporting date, assuming all other variables, in particular interest rates, remain constant, would have increased (decreased) equity and income or loss by the amounts shown below. The analysis is performed on the same basis for 2023. 2024 2023 1-cent 1-cent 1-cent 1-cent Increase Decrease Increase Decrease Balance sheet exposure ( 11,185 ) 11,185 ( 12,239 ) 12,239 Long-term debt designated as investment hedge 11,506 ( 11,506 ) 12,497 ( 12,497 ) Net balance sheet exposure 321 ( 321 ) 258 ( 258 ) e) Interest rate risk The Group’s intention is to minimize its exposure to changes in interest rates by maintaining a significant portion of fixed-rate interest-bearing long-term debt. This is achieved by periodically entering into interest rate swaps, although no interest rate swaps were in effect during 2024 and 2023. At December 31, 2024 and 2023, the interest rate profile of the Group’s carrying amount of interest-bearing financial instruments: 2024 2023 Fixed rate instruments 2,402,881 1,884,182 Fair value sensitivity analysis for fixed rate instruments The Group does not account for any fixed rate financial liabilities at fair value through income or loss. Therefore a change in interest rates at the reporting date would not affect income or loss. f) Capital management For the purposes of capital management, capital consists of share capital and retained earnings of the Group. The Group's objectives when managing capital are: • To ensure proper capital investment in order to provide stability and competitiveness to its operations; • To ensure sufficient liquidity to pursue its growth strategy and undertake selective acquisitions; • To maintain an appropriate debt level so that there are no financial constraints on the use of capital; and • To maintain investors, creditors and market confidence. The Group seeks to maintain a balance between the highest returns that might be possible with higher levels of borrowings and the advantages and security of a sound capital position. The Group monitors its long-term debt using the ratios below to maintain an appropriate debt level. The Group’s debt-to-equity and debt-to-capitalization ratios are as follows: 2024 2023 Long-term debt 2,402,881 1,884,182 Shareholders' equity 2,673,275 2,591,410 Debt-to-equity ratio 0.90 0.73 Debt-to-capitalization ratio 1 0.47 0.42 1 Long-term debt divided by the sum of shareholders' equity and long-term debt. There were no changes in the Group’s approach to capital management during the year. The Group’s credit facility and term loan agreement requires monitoring of two ratios on a quarterly basis. The first is a ratio of total debt plus letters of credit and some other long-term liabilities less cash (unrestricted cash for the credit facility and cash up to $100 million for the unsecured senior notes) to net income or loss before finance income and costs, income tax expense (recovery), depreciation, amortization, impairment of intangible assets, bargain purchase gain, and gain or loss on sale of land and buildings, assets held for sale and intangible assets (“Adjusted EBITDA”). The second is a ratio of adjusted earnings before interest, income taxes, depreciation and amortization and rent expense (“EBITDAR”), including last twelve months adjusted EBITDAR from acquisitions to interest and net rent expenses. These ratios are measured on a consolidated last twelve-month basis and are calculated as prescribed by the credit agreement which, among other things, requires the exclusion of the impact of IFRS 16 leases. These ratios must be kept below a certain threshold so as not to breach a covenant in the Group’s syndicated bank. At December 31, 2024 and 2023, the Group was in compliance with its financial covenants. Management believes that the Group has sufficient liquidity to continue both its operations as well as its acquisition strategy. Upon maturity of the Group’s long-term debt, the Group’s management and its Board of Directors will assess if the long-term debt should be renewed at its original value, increased or decreased based on the then required capital, credit availability and future interest rates. g) Accounting classification and fair values The fair values of financial assets and liabilities, together with the carrying amounts shown in the statements of financial position, are as follows: December 31, 2024 December 31, 2023 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets Assets carried at fair value Investment in equity securities 22,097 22,097 50,209 50,209 Assets carried at amortized cost Trade and other receivables 927,654 927,654 894,771 894,771 949,751 949,751 944,980 944,980 Financial liabilities Liabilities carried at fair value Other financial liability 19,686 19,686 27,119 27,119 Liabilities carried at amortized cost Trade and other payables 639,190 639,190 671,936 671,936 Long-term debt 2,402,881 2,339,947 1,884,182 1,678,662 3,061,757 2,998,823 2,583,237 2,377,717 Interest rates used for determining fair value The carrying amount of the Group’s debt does not approximate fair value. The interest rates used to discount estimated cash flows to calculate fair value, when applicable, are based on the current interest rates for debt with similar terms, company rating and remaining maturity. Fair value hierarchy The Group’s financial assets and liabilities recorded at fair value on a recurring basis are investment in equity securities discussed above. Investment in equity securities include Level 1 investments that are marked to market with the publicly traded information as at December 31, 2024 and Level 2 investments that are marked to market using valuation techniques in which all significant inputs were based on observable market data. The remaining investment in equity securities is measured using level-3 inputs of the fair value hierarchy.

Contingencies, letters of credi

Contingencies, letters of credit and other commitments	12 Months Ended
	Dec. 31, 2024
Disclosure Of Commitments And Contingencies [Abstract]
Contingencies, letters of credit and other commitments	26. Contingencies, letters of credit and other commitments a) Contingencies There are pending operational and personnel related claims against the Group. In the opinion of management, these claims are adequately provided for in long-term provisions on the consolidated statements of financial position and settlement should not have a significant impact on the Group’s financial position or results of operations. b) Letters of credit As at December 31, 2024, the Group had $ 129.8 million of outstanding letters of credit (2023 - $ 106.2 million). c) Other commitments As at December 31, 2024, the Group had $ 35.6 million of purchase commitments (2023 – $ 62.3 million) and $ 26.7 million of purchase orders for leases that the Group intends to enter into and that are expected to materialize within a year (2023 – $ 44.4 million).

Related parties

Related parties	12 Months Ended
	Dec. 31, 2024
Related party transactions [abstract]
Related parties	27. Related parties Parent and ultimate controlling party There is no single ultimate controlling party. Although the shares of the Company are widely held, certain institutional investors hold meaningful positions. Transactions with key management personnel Board members of the Company, executive officers and top managers of major Group entities are deemed to be key management personnel. There were no other transactions with key management personnel other than their respective compensation. Key management personnel compensation In addition to their salaries, the Company also provides non-cash benefits to board members and executive officers. Executive officers also participate in the Company’s stock option and performance contingent restricted share unit and performance share unit plans and board members are entitled to deferred share units, as described in note 20. Costs incurred for key management personnel in relation to these plans are detailed below. Key management personnel compensation comprised: 2024 2023 Short-term benefits 14,360 15,457 Post-employment benefits 719 6 19 Equity-settled share-based payment transactions 8,207 8,674 23,286 24,750

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2024
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	28. Subsequent events Subsequent to year end, the Company has agreed to acquire Hearn Industrial Services. The acquisition is expected to close at the beginning of the second quarter of 2025.

Material accounting policies (P

Material accounting policies (Policies)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Significant Accounting Policies [Abstract]
Basis of consolidation	a) Basis of consolidation i) Business combinations The Group accounts for business combinations under the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. The Group measures goodwill as the fair value of the consideration transferred including the fair value of liabilities resulting from contingent consideration arrangements, less the net recognized amount of the identifiable assets acquired and liabilities assumed, all measured at fair value as of the acquisition date. When the excess is negative, a bargain purchase gain is recognized immediately in income or loss. Any goodwill that arises is tested annually for impairment. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination, are expensed as incurred. ii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has the right to, variable returns from its involvement with the entity and has the ability to affect those through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. iii) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements.
Foreign currency translation	b) Foreign currency translation i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Group’s entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at the exchange rate in effect at the reporting date. The foreign currency gain or loss on monetary items is the difference between amortized cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortized cost in foreign currency translated at the exchange rate at the end of the reporting period. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated at the rate in effect on the transaction date. Income and expense items denominated in foreign currency are translated at the date of the transactions. Gains and losses are included in income or loss. ii) Foreign operations The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on business combinations, are translated to Canadian dollars at exchange rates in effect at the reporting date. The income and expenses of foreign operations are translated to Canadian dollars at the average exchange rate in effect during the reporting period. Foreign currency differences are recognized in other comprehensive income (“OCI”) in the accumulated foreign currency translation differences account. When a foreign operation is disposed of, the relevant amount in the cumulative amount of foreign currency translation differences is transferred to income or loss as part of the income or loss on disposal. On the partial disposal of a subsidiary while retaining control, the relevant proportion of such cumulative amount is reattributed to non-controlling interest. In any other partial disposal of a foreign operation, the relevant proportion is reclassified to income or loss. Foreign exchange gains or losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely to occur in the foreseeable future and which in substance is considered to form part of the net investment in the foreign operation, are recognized in other comprehensive income in the accumulated foreign currency translation differences account. Translation gains and losses from the application of U.S dollars as the presentation currency while the Canadian dollar is the functional currency are included as part of the cumulative foreign currency translation adjustment.
Financial instruments	c) Financial instruments i) Non-derivative financial assets The Group initially recognizes financial assets on the trade date at which the Group becomes a party to the contractual provisions of the instrument. Financial assets are initially measured at fair value, except for trade receivables which are initially measured at their transaction price when the trade receivables do not contain a significant financing component. If the financial asset is not subsequently accounted for at fair value through profit or loss, then the initial measurement includes transaction costs that are directly attributable to the asset’s acquisition or origination. On initial recognition, the Group classifies its financial assets as subsequently measured at either amortized cost or fair value, depending on its business model for managing the financial assets and the contractual cash flow characteristics of the financial assets and depending on the purpose for which the financial assets were acquired. The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. Financial assets and liabilities are offset and the net amount is presented in the statement of financial position when, and only when, the Group has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Financial assets measured at amortized cost A financial asset is subsequently measured at amortized cost, using the effective interest method and net of any impairment loss, if: • The asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and • The contractual terms of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and/or interest. The Group currently classifies its cash equivalents, trade and other receivables and long-term non-trade receivables included in other non-current assets as financial assets measured at amortized cost. The Group recognizes loss allowances for expected credit losses on financial assets measured at amortized cost. The Group has a portfolio of trade receivables at the reporting date. The Group uses a provision matrix to determine the lifetime expected credit losses for the portfolio. The Group uses historical trends of the probability of default, the timing of recoveries and the amount of loss incurred, adjusted for management’s judgment as to whether current economic and credit conditions are such that the actual losses are likely to be greater or less than suggested by historical trends. An impairment loss in respect of a financial asset measured at amortized cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. Losses are recognized in income or loss and reflected in an allowance account against trade and other receivables. Financial assets measured at fair value These assets are measured at fair value and changes therein, including any interest or dividend income, are recognized in income or loss. However, for investments in equity instruments that are not held for trading, the Group may elect at initial recognition to present gains and losses in other comprehensive income. For such investments measured at fair value through other comprehensive income, gains and losses are never reclassified to profit or loss, and no impairment is recognized in profit or loss. Dividends earned from such investments are recognized in profit or loss, unless the dividend clearly represents a repayment of part of the cost of the investment. Financial assets measured at fair value through other comprehensive income On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. ii) Non-derivative financial liabilities The Group initially recognizes debt issued and subordinated liabilities on the date that they are originated. All other financial liabilities are recognized initially on the trade date at which the Group becomes a party to the contractual provisions of the instrument. A financial liability is derecognized when its contractual obligations are discharged or cancelled or expire. Financial liabilities are classified into financial liabilities measured at amortized cost and financial liabilities measured at fair value. Financial liabilities measured at amortized cost A financial liability is subsequently measured at amortized cost, using the effective interest method. The Group currently classifies bank indebtedness, trade and other payables and long-term debt as financial liabilities measured at amortized cost. Financial liabilities measured at fair value Financial liabilities at fair value are initially recognized at fair value and are re-measured at each reporting date with any changes therein recognized in net earnings. The Group currently classifies its contingent consideration liability in connection with a business acquisition as a financial liability measured at fair value. iii) Share capital Common shares Common shares are classified as equity. Incremental costs directly attributable to the issue of common shares and stock options are recognized as a deduction to share capital, net of any tax effects. When share capital recognized as equity is repurchased, share capital is reduced by the amount equal to weighted average historical cost of repurchased equity. The excess amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from retained earnings.
Hedge accounting	d) Hedge accounting Management’s risk strategy is focused on reducing the variability in profit or losses and cash flows associated with exposure to market risks. Hedge accounting is used to reduce this variability to an acceptable level. The hedges employed by the Group reduce the currency fluctuation exposures. On the initial designation of a hedging relationship, the Group formally documents the relationship between the hedging instrument and the hedged items, including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship. The Group makes an assessment, both at the inception of the hedge relationship as well as on an ongoing basis, whether the hedging instruments are expected to be effective in offsetting the changes in the fair value or cash flows of the respective hedged items throughout the period for which the hedge is designated. Net investment hedge The Group designates a portion of its U.S. dollar denominated debt as a hedging item in a net investment hedge. The Group applies hedge accounting to foreign currency differences arising between the functional currency of the foreign operation and the Company’s functional currency (CAD), regardless of whether the net investment is held directly or through an intermediate parent. Foreign currency differences arising on the translation of a financial liability designated as a hedge of a net investment in foreign operations are recognized in other comprehensive income to the extent that the hedge is effective and are presented in the currency translation differences account within equity. To the extent that the hedge is ineffective, such differences are recognized in income or loss. When the hedged net investment is disposed of, the relevant amount in the translation reserve is transferred to income or loss as part of the gain or loss on disposal.
Property and equipment	e) Property and equipment Property and equipment are accounted for at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset and borrowing costs on qualifying assets. When parts of an item of property and equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment, and are recognized in net income or loss. Depreciation is based on the cost of an asset less its residual value and is recognized in income or loss over the estimated useful life of each component of an item of property and equipment. The depreciation method and useful lives are as follows: Categories Basis Useful lives Buildings Straight-line 15 – 40 years Rolling stock Primarily straight-line 3 – 20 years Equipment Primarily straight-line 5 – 12 years Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted prospectively, if appropriate. Property and equipment are reviewed for impairment in accordance with IAS 36 Impairment of Assets when there are indicators that the carrying value may not be recoverable
Intangible assets	f) Intangible assets i) Goodwill Goodwill that arises upon business combinations is included in intangible assets. Goodwill is not amortized and is measured at cost less accumulated impairment losses. ii) Other intangible assets Intangible assets consist of customer relationships, trademarks, non-compete agreements and information technology. The Group determines the fair value of the customer relationship intangible assets using the excess earnings model and internally developed significant assumptions including: 1. Forecasted revenue attributable to existing customer contracts and relationships; 2. Estimated annual attrition rate; 3. Forecasted operating margins; and 4. Discount rates The internally developed assumptions are based on limited observable market information which cause measurement uncertainty, and the fair value of the customer related intangible assets are sensitive to changes to these assumptions. Intangible assets that are acquired by the Group and have finite lives are measured at cost less accumulated amortization and accumulated impairment losses. The Group also has indefinite lived trademark intangible assets which are not amortized. Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful lives: Categories Useful lives Customer relationships 5 – 20 years Trademarks 5 – 20 years Non-compete agreements 3 – 10 years Information technology 5 – 7 years Useful lives are reviewed at each financial year-end and adjusted prospectively, if appropriate.
Leases	g) Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: • the contract involves the use of an identified asset – this may be specific explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, the asset is not identified; • the Group has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and • the Group has the right to direct the use of the asset. The Group has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. At inception or on reassessment of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred, less any lease incentives received. The assets are depreciated to the earlier of the end of the useful life of the right-of-use asset or the lease term using the straight-line method as this most closely reflects the expected pattern consumption of the future economic benefits. The lease term includes periods covered by an option to extend if the Group is reasonably certain to exercise that option. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that cannot be readily determined, the Group's incremental borrowing rate. The incremental borrowing rate is a function of the Group’s incremental borrowing rate, the nature of the underlying asset, the location of the asset and the length of the lease. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in the future lease payments arising from a change in an index or rate, if there is a change in the Group's estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or leases and leases of low-value assets. The Group recognises these lease payments as an expense on a straight-line basis over the lease term.
Impairment	h) Impairment Non-financial assets The carrying amounts of the Group’s non-financial assets other than inventoried supplies and deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and indefinite useful life assets, the recoverable amount is estimated on December 31 of each year. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”, or “CGU”). For the purposes of goodwill impairment testing, goodwill acquired in a business combination is allocated to the group of CGUs (usually a Group’s operating segment), that is expected to benefit from the synergies of the combination. This allocation is subject to an operating segment ceiling test and reflects the lowest level at which that goodwill is monitored for internal reporting purposes. The Company performs goodwill impairment testing annually, or more frequently if events or circumstances indicate the carrying value of a CGU, which is a Group’s operating segment, may exceed the recoverable amount of the CGU. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or group of assets. The fair value less cost to sell is based on market comparable multiples applied to forecasted earnings before financial expenses, income taxes, depreciation and amortization ("adjusted EBITDA") for the next year, which takes into account financial forecasts approved by senior management. The Group’s corporate assets do not generate separate cash inflows. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units, if any, and then to reduce the carrying amounts of the other assets in the unit (group of units) on a prorata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Impairment losses and impairment reversals are recognized in income or loss.
Assets held for sale	i) Assets held for sale Non-current assets are classified as held-for-sale if it is highly probable that they will be recovered primarily through sale rather than through continuing use. Such assets are generally measured at the lower of their carrying amount and fair value less costs to sell. Impairment losses on initial classification as held-for-sale or held-for-distribution and subsequent gains and losses on remeasurement are recognized in income or loss. Once classified as held-for-sale, intangible assets and property and equipment are no longer amortized or depreciated.
Employee benefits	j) Employee benefits i) Defined contribution plans A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in income or loss in the periods during which services are rendered by employees. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. ii) Defined benefit plans The Group’s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in return for their services in the current and prior periods discounting that amount and deducting the fair value of any plan assets. The discount rate is the yield at the reporting date on AAA, AA or A credit-rated fixed income securities that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a benefit to the Group, the recognized asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognized immediately in other comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognized in profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Group recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. iii) Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or income-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. iv) Share-based payment transactions The grant date fair value of equity share-based payment awards granted to employees is recognized as a personnel expense, with a corresponding increase in contributed surplus, net of tax, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that do meet the related service condition at the vesting date. The fair value of the amount payable to board members in respect of deferred share unit (“DSU”), which were to be settled in cash, was recognized as an expense with a corresponding increase in liabilities. The liability was remeasured at each reporting date until settlement. The Group presented mark-to-market (gain) loss on DSUs in personnel expenses. v) Termination benefits Termination benefits are expensed at the earlier of when the Group can no longer withdraw the offer of those benefits and when the Group recognises costs for a restructuring. If benefits are not expected to be fully settled within 12 months of the end of the reporting period, then they are discounted.
Provisions	k) Provisions A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. Where discounting is used, the unwinding of the discount is recognized as finance cost. Self-Insurance Self-insurance provisions represent the uninsured portion of outstanding claims at year-end. The provision represents an accrual for estimated future disbursements associated with the self-insured portion for claims filed at year-end and incurred but not reported, related to cargo loss, bodily injury, worker’s compensation and property damages. The estimates are based on the Group’s historical experience including settlement patterns and payment trends. The most significant assumptions in the estimation process include the consideration of historical claim experience, severity factors affecting the amounts ultimately paid, and current and expected levels of cost per claims. Changes in assumptions and experience could cause these estimates to change significantly in the near term.
Revenue recognition	l) Revenue recognition The Group’s normal business operations consist of the provision of transportation and logistics services. All revenue relating to normal business operations is recognized over time in the statement of income. The stage of completion of the service is determined using the proportion of days completed to date compared to the estimated total days of the service. Revenue is presented net of trade discounts and volume rebates. Revenue is recognized as services are rendered, when the control of promised services is transferred to customers in an amount that reflects the consideration the Group expects to be entitled to receive in exchange for those services measured based on the consideration specified in a contract with the customers. The Group considers the contract with customers to include the general transportation service agreement and the individual bill of ladings with customers. Based on the evaluation of the control model, certain businesses, mainly in the Less-Than-Truckload segment, act as the principal within their revenue arrangements. The affected businesses report transportation revenue gross of associated purchase transportation costs rather than net of such amounts within the consolidated statements of income.
Other operating expenses	m) Other operating expenses Other operating expenses consist primarily of third-party commissions, information technology support and software expenses, building expenses (including repairs and maintenance, electricity, janitorial & security services and property taxes).
Finance income and finance costs	n) Finance income and finance costs Finance income comprises interest income on funds invested, dividend income and interest. Interest income is recognized as it accrues in income or loss, using the effective interest method. Finance costs comprise interest expense on bank indebtedness and long-term debt, unwinding of the discount on provisions and impairment losses recognized on financial assets (other than trade receivables). Fair value gains or losses on derivative financial instruments and on contingent considerations, and foreign currency gains and losses are reported on a net basis as either finance income or cost.
Income taxes	o) Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in income or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable income or loss, and differences relating to investments in subsidiaries and jointly controlled entities to the extent that it is probable that they will not reverse in the foreseeable future. In addition, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable income will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.
Earnings per share	p) Earnings per share The Group presents basic and diluted earnings per share (“EPS”) data for its common shares. Basic EPS is calculated by dividing the income or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period, adjusted for own shares held, if any. Diluted EPS is determined by adjusting the income or loss attributable to common shareholders and the weighted average number of common shares outstanding, adjusted for own shares held, for the effects of all dilutive potential common shares, which comprise convertible debentures, warrants, restricted share units and performance share units and stock options granted to employees.
Segment reporting	q) Segment reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. All operating segments’ operating results are reviewed regularly by the Group’s chief executive officer (“CEO”) to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. Segment results that are reported to the CEO include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets (primarily the Group’s headquarters), head office expenses, income tax assets, liabilities and expenses, as well as long-term debt and interest expense thereon. Sales between the Group’s segments are measured at the exchange amount. Transactions, other than sales, are measured at carrying value. Segment capital expenditure is the total cost incurred during the period to acquire property and equipment, and intangible assets other than goodwill.
New standards and interpretations adopted during the year	r) New standards and interpretations adopted during the year The following new standards, and amendments to standards and interpretations, are effective for the first time for periods beginning on or after January 1, 2024 and have been applied in preparing these consolidated financial statements Classification of Liabilities as Current or Non-current (Amendments to IAS 1) On January 23, 2020, the IASB issued amendments to IAS 1 Presentation of Financial Statements (the 2020 amendments), to clarify the classification of liabilities as current or non-current. On October 31, 2022, the IASB issued Non-current Liabilities with Covenants (Amendments to IAS 1) (the 2022 amendments), to improve the information a company provides about long-term debt with covenants. The 2020 amendments and the 2022 amendments (collectively “the Amendments”) are effective for annual periods beginning on or after January 1, 2024. A company that applies the 2020 amendments early is required to also apply the 2022 amendments. For the purposes of non-current classification, the Amendments removed the requirement for a right to defer settlement or roll over of a liability for at least twelve months to be unconditional. Instead, such a right must exist at the end of the reporting period and have substance. The Amendments reconfirmed that only covenants with which a company must comply on or before the reporting date affect the classification of a liability as current or non-current. Covenants with which a company must comply after the reporting date do not affect a liability’s classification at that date. The Amendments also clarify how a company classifies a liability that includes a counterparty conversion option. The Amendments state that: the settlement of a liability includes transferring a company’s own equity instruments to the counterparty; and when classifying liabilities as current or non-current a company can ignore only those conversion options that are recognized as equity. The adoption of the amendments did not have a material impact on the Group’s consolidated financial statements. Lease Liability in a Sale and Leaseback On September 22, 2022, the IASB issued Lease Liability in a Sale and Leaseback (Amendments to IFRS 16). The amendments are effective for annual periods beginning on or after January 1, 2024. The amendment introduces a new accounting model which impacts how a seller-lessee accounts for variable lease payments that arise in a sale-and-leaseback transaction. The amendments clarify that on initial recognition, the seller-lessee includes variable lease payments when it measures a lease liability arising from a sale-and-leaseback transaction and after initial recognition, the seller-lessee applies the general requirements for subsequent accounting of the lease liability such that it recognizes no gain or loss relating to the right of use it retains. The amendments need to be applied retrospectively, which require seller-lessees to reassess and potentially restate sale-and-leaseback transactions entered into since implementation of IFRS 16 in 2019. The adoption of the amendments did not have a material impact on the Group’s consolidated financial statements. International Tax Reform – Pillar Two Model Rules (Amendments to IAS 12) and Legislation In May 2023, the International Accounting Standards Board issued International Tax Reform – Pillar Two Model Rules to amend IAS 12. The amendments provide a temporary mandatory exception from the accounting for deferred tax that arises from legislation implementing the GloBE model rules. Entities are effectively prohibited from recognizing or disclosing information about deferred tax assets and liabilities related to top-up tax. The Company has applied the mandatory relief from deferred tax accounting for the impacts of the top-up tax and accounts for it as a current tax when it is incurred. During fiscal 2024, Pillar Two legislation was enacted or substantially enacted in certain jurisdictions in which the Company operates. The Company performed an assessment of its potential exposure to Pillar Two income taxes based on recent information available and determined that Pillar Two effective tax rates in most of the jurisdictions in which the Company operates are above 15 %. However, there are a limited number of jurisdictions where the transitional safe harbor relief does not apply, and the Pillar Two effective tax rate is below 15 %. The Company did not experience a material impact in fiscal 2024 and does not expect, at this time, that there would be material Pillar Two income tax impacts in those jurisdictions in future periods. New standards and interpretations not yet adopted The following new standards are not yet effective for the year ended December 31, 2024, and have not been applied in preparing these consolidated financial statements: Presentation and Disclosure in Financial Statements – IFRS 18 On April 9, 2024, the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements to improve reporting of financial performance. IFRS 18 replaces IAS 1 Presentation of Financial Statements. It carries forward many requirements from IAS 1 unchanged. IFRS 18 applies for annual reporting periods beginning on or after January 1, 2027. Earlier application is permitted. The new Accounting Standard introduces significant changes to the structure of a company’s income statement, more discipline and transparency in presentation of management's own performance measures (commonly referred to as 'non-GAAP measures,') and less aggregation of items into large, single numbers. The main impacts of the new Accounting Standard include: • introducing a newly defined ‘operating profit’ subtotal and a requirement for all income and expenses to be allocated between three new distinct categories based on a company’s main business activities (i.e. operating, investing and financing); • requiring disclosure about management performance measures (MPMs); and • adding new principles for aggregation and disaggregation of information The extent of the impact of adoption of the amendments has not yet been determined.

Material accounting policies (T

Material accounting policies (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Significant Accounting Policies [Abstract]
Summary of Depreciation Method and Useful Lives	The depreciation method and useful lives are as follows: Categories Basis Useful lives Buildings Straight-line 15 – 40 years Rolling stock Primarily straight-line 3 – 20 years Equipment Primarily straight-line 5 – 12 years
Summary of Estimated Useful Lives of Intangible Assets with Finite Lives are Amortized on Straight-line Basis	Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful lives: Categories Useful lives Customer relationships 5 – 20 years Trademarks 5 – 20 years Non-compete agreements 3 – 10 years Information technology 5 – 7 years

Segment reporting (Tables)

Segment reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of operating segments [abstract]
Summary of Geographical information	Geographical information Revenue is attributed to geographical locations based on the origin of service’s location. Less- Than- Truckload (1) Truckload Logistics Eliminations (1) Total 2024 Canada 1,162,733 1,159,562 258,489 ( 37,224 ) 2,543,560 United States 2,540,202 1,777,743 1,563,222 ( 27,897 ) 5,853,270 Total 3,702,935 2,937,305 1,821,711 ( 65,121 ) 8,396,830 2023 Canada 1,188,635 1,139,272 271,136 ( 31,807 ) 2,567,236 United States 2,760,022 796,766 1,425,880 ( 28,737 ) 4,953,931 Total 3,948,657 1,936,038 1,697,016 ( 60,544 ) 7,521,167 (1) Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations. Segment assets are based on the geographical location of the assets. As at As at December 31, 2024 December 31, 2023 Property and equipment, right-of-use assets and intangible assets Canada 2,213,562 2,208,595 United States 3,837,224 2,651,808 6,050,786 4,860,403

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of Fair Value of Assets Acquired and Liabilities Assumed Have Been Adjusted Retrospective to the Date of Acquisition [Abstract]
Summary of Purchase Price Allocations	The table below presents the determination of the fair value of assets acquired and liabilities assumed based on the best information available to the Group to date : Identifiable assets acquired and liabilities assumed Note Daseke Others December 31, 2024 Cash and cash equivalents 46,242 33,222 79,464 Trade and other receivables 173,389 32,563 205,952 Inventoried supplies and prepaid expenses 20,997 4,844 25,841 Property and equipment 8 523,892 66,191 590,083 Right-of-use assets 9 107,676 9,161 116,837 Intangible assets 10 202,290 52,104 254,394 Other assets 3,093 - 3,093 Trade and other payables ( 102,133 ) ( 24,872 ) ( 127,005 ) Income tax receivable (payable) 8,669 ( 824 ) 7,845 Employee benefits ( 194 ) - ( 194 ) Provisions 16 ( 57,923 ) - ( 57,923 ) Other non-current liabilities ( 213 ) - ( 213 ) Long-term debt 13 ( 314,670 ) - ( 314,670 ) Lease liabilities 14 ( 107,676 ) ( 9,161 ) ( 116,837 ) Deferred tax liabilities 17 ( 125,796 ) ( 14,611 ) ( 140,407 ) Total identifiable net assets 377,643 148,617 526,260 Total consideration transferred 816,958 224,022 1,040,980 Goodwill 10 439,315 75,405 514,720 Cash 816,958 220,469 1,037,427 Contingent consideration - 3,553 3,553 Total consideration transferred 816,958 224,022 1,040,980 The table below presents the determination of the fair value of assets acquired and liabilities assumed of the 2023 acquisitions as at December 31, 2023: Identifiable assets acquired and liabilities assumed Note JHT Others December 31, 2023 Cash and cash equivalents 5,709 11,873 17,582 Trade and other receivables 38,250 39,650 77,900 Inventoried supplies and prepaid expenses 10,976 5,897 16,873 Property and equipment 8 65,489 174,850 240,339 Right-of-use assets 9 5,385 25,609 30,994 Intangible assets 10 198,659 80,807 279,466 Other assets 23,887 115 24,002 Trade and other payables ( 35,221 ) ( 28,884 ) ( 64,105 ) Income tax (payable) receivable ( 1,682 ) 729 ( 953 ) Provisions 16 ( 19,919 ) - ( 19,919 ) Other non-current liabilities ( 444 ) ( 44 ) ( 488 ) Long-term debt 14 ( 4,808 ) - ( 4,808 ) Lease liabilities 14 ( 5,385 ) ( 25,609 ) ( 30,994 ) Deferred tax liabilities 17 ( 55,367 ) ( 32,375 ) ( 87,742 ) Total identifiable net assets 225,529 252,618 478,147 Total consideration transferred 309,304 350,451 659,755 Goodwill 83,775 97,833 181,608 Cash 309,304 336,979 646,283 Contingent consideration - 13,472 13,472 Total consideration transferred 309,304 350,451 659,755
Disclosure of Valuation Techniques Used For Measuring The Fair Value Of Material Assets Acquired Regarding UPS Freight	The valuation techniques used for measuring the fair value of land and buildings ($ 54.0 million), customer relationships ($ 109.1 million) and trademarks ($ 92.8 million) acquired regarding Daseke were as follows: Assets acquired Valuation technique Key inputs Land and buildings Market comparison technique and cost technique : The valuation model considers market prices for comparable sites, when available, and considers depreciated replacement cost, which reflects adjustments for physical deterioration, when appropriate. - Market prices for comparable sites Average rebuild cost Customer relationships Excess earnings method: The valuation model considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets. - Forecasted revenue attributable to existing customers and relationships Annual attrition rate Forecasted operating margin Discount rate Trademarks Relief from royalty method: The valuation model considers the discounted estimated royalty payments that are expected to be avoided as a result of the trademarks being owned. - Forecasted revenue associated with the trademarks Royalty rate Discount rate
Disclosure of Goodwill Allocated To Segments Explanatory	The goodwill arising in the business combinations has been allocated to operating segments as indicated in the table below, which represents the lowest level at which goodwill is monitored internally. Operating segment Reportable segment December 31, 2024 December 31, 2023 Canadian Less-Than-Truckload Less-Than-Truckload 115 9,142 U.S. Less-Than-Truckload Less-Than-Truckload 31,058 3,376 Canadian Truckload Truckload 12,980 16,017 Specialized Truckload Truckload 468,618 43,080 Logistics Logistics 1,949 109,993 514,720 181,608
Disclosure of Information About Fair Value of Assets Acquired and Liabilities Assumed have been Adjusted Retrospective to the Date of Acquisition	Consequently, the fair value of certain assets acquired, and liabilities assumed of Daseke have been adjusted retrospective to the date of acquisition as follows: Provisional fair value included in the interim Measurement Reassessed financial statements period adjustments fair value Cash and cash equivalents 46,242 - 46,242 Trade and other receivables 173,389 - 173,389 Inventoried supplies and prepaid expenses 32,611 ( 11,614 ) 20,997 Property and equipment 577,825 ( 53,933 ) 523,892 Right-of-use assets 113,385 ( 5,709 ) 107,676 Intangible assets 60,233 142,057 202,290 Other assets 3,093 - 3,093 Trade and other payables ( 100,716 ) ( 1,417 ) ( 102,133 ) Income tax (payable) receivable ( 58 ) 8,727 8,669 Employee benefits ( 194 ) - ( 194 ) Provisions ( 54,681 ) ( 3,242 ) ( 57,923 ) Other non-current liabilities ( 213 ) - ( 213 ) Long-term debt ( 314,671 ) 1 ( 314,670 ) Lease liabilities ( 113,385 ) 5,709 ( 107,676 ) Deferred tax liabilities ( 96,434 ) ( 29,362 ) ( 125,796 ) Total identifiable net assets 326,426 51,217 377,643 Total consideration transferred 816,958 - 816,958 Goodwill 490,532 ( 51,217 ) 439,315 Cash 816,958 - 816,958 Total consideration transferred 816,958 - 816,958

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Dec. 31, 2024
Trade and other current receivables [abstract]
Summary of Detailed Information about Trade and Other Receivables	December 31, 2024 December 31, 2023 Trade receivables, net of expected credit loss 893,659 846,681 Other receivables 33,995 48,090 927,654 894,771

Additional cash flow informat_2

Additional cash flow information (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Information About Additional Cash Flow Information [Abstract]
Summary of Net Change in Non-cash Operating Working Capital	Net change in non-cash operating working capital 2024 2023 Trade and other receivables 145,432 224,121 Inventoried supplies 8,101 6,533 Prepaid expenses 12,125 ( 11,648 ) Trade and other payables ( 154,092 ) ( 112,375 ) 11,566 106,631

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of Property and Equipment	Land and Rolling Note buildings stock Equipment Total Cost Balance at December 31, 2022 1,166,990 1,501,548 204,788 2,873,326 Additions through business combinations 5 145,204 91,870 3,265 240,339 Other additions 77,516 265,687 17,044 360,247 Disposals ( 398 ) ( 136,028 ) ( 529 ) ( 136,955 ) Reclassification to assets held for sale ( 13,325 ) ( 19,741 ) - ( 33,066 ) Reclassification between categories* - 36,319 ( 36,319 ) - Effect of movements in exchange rates 7,990 18,545 4,122 30,657 Balance at December 31, 2023 1,383,977 1,758,200 192,371 3,334,548 Additions through business combinations 5 115,405 465,400 9,278 590,083 Other additions 68,580 295,452 29,269 393,301 Disposals ( 6,008 ) ( 162,983 ) ( 19,426 ) ( 188,417 ) Reclassification to assets held for sale ( 30,974 ) ( 44,961 ) - ( 75,935 ) Effect of movements in exchange rates ( 38,902 ) ( 67,244 ) ( 14,984 ) ( 121,130 ) Balance at December 31, 2024 1,492,078 2,243,864 196,508 3,932,450 Accumulated Depreciation Balance at December 31, 2022 83,140 543,272 114,959 741,371 Depreciation 21,841 210,523 17,471 249,835 Disposals ( 92 ) ( 78,584 ) ( 410 ) ( 79,086 ) Reclassification to assets held for sale ( 1,003 ) ( 4,947 ) - ( 5,950 ) Reclassification between categories* - 11,089 ( 11,089 ) - Effect of movements in exchange rates 1,515 8,879 2,512 12,906 Balance at December 31, 2023 105,401 690,232 123,443 919,076 Depreciation 25,222 286,817 20,541 332,580 Disposals ( 5,829 ) ( 107,464 ) ( 17,169 ) ( 130,462 ) Reclassification to assets held for sale ( 2,237 ) ( 28,226 ) - ( 30,463 ) Effect of movements in exchange rates ( 5,795 ) ( 34,270 ) ( 9,303 ) ( 49,368 ) Balance at December 31, 2024 116,762 807,089 117,512 1,041,363 Net carrying amounts At December 31, 2023 1,278,576 1,067,968 68,928 2,415,472 At December 31, 2024 1,375,316 1,436,775 78,996 2,891,087 * Reclassification between categories had no impact on the depreciation of the reclassified property and equipment

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of quantitative information about right-of-use assets [abstract]
Summary of Right-of-Use Assets	Land and Rolling Note buildings stock Equipment Total Cost Balance at December 31, 2022 528,791 252,043 3,797 784,631 Other additions 74,580 79,690 948 155,218 Additions through business combinations 5 15,033 15,961 - 30,994 Derecognition* ( 39,674 ) ( 62,276 ) ( 971 ) ( 102,921 ) Effect of movements in exchange rates 9,629 4,940 40 14,609 Balance at December 31, 2023 588,359 290,358 3,814 882,531 Other additions 116,440 90,876 712 208,028 Additions through business combinations 5 75,086 40,297 1,454 116,837 Derecognition* ( 41,580 ) ( 66,563 ) ( 417 ) ( 108,560 ) Effect of movements in exchange rates ( 37,320 ) ( 23,076 ) ( 94 ) ( 60,490 ) Balance at December 31, 2024 700,985 331,892 5,469 1,038,346 Depreciation Balance at December 31, 2022 286,256 114,971 1,764 402,991 Depreciation 66,877 64,340 895 132,112 Derecognition* ( 28,074 ) ( 56,723 ) ( 971 ) ( 85,768 ) Effect of movements in exchange rates 5,456 2,089 21 7,566 Balance at December 31, 2023 330,515 124,677 1,709 456,901 Depreciation 82,112 85,897 1,496 169,505 Derecognition* ( 29,960 ) ( 62,520 ) ( 350 ) ( 92,830 ) Effect of movements in exchange rates ( 21,506 ) ( 10,387 ) ( 85 ) ( 31,978 ) Balance at December 31, 2024 361,161 137,667 2,770 501,598 Net carrying amounts At December 31, 2023 257,844 165,681 2,105 425,630 At December 31, 2024 339,824 194,225 2,699 536,748 * Derecognized right-of-use assets include negotiated asset purchases and extinguishments resulting from accidents as well as fully amortized or end of term right-of-use assets.

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about intangible assets [abstract]
Summary of Reconciliation of Goodwill and Intangible Assets	Other intangible assets Non- Customer Trademarks compete Information Note Goodwill relationships and other agreements technology Total Cost Balance at December 31, 2022 1,359,345 513,697 42,680 20,007 35,122 1,970,851 Additions through business combinations 5 181,608 244,574 27,127 5,556 2,209 461,074 Other additions - - - - 2,758 2,758 Extinguishments - ( 7,203 ) ( 7,820 ) ( 2,524 ) ( 1,029 ) ( 18,576 ) Effect of movements in exchange rates 21,176 6,127 685 280 245 28,513 Balance at December 31, 2023 1,562,129 757,195 62,672 23,319 39,305 2,444,620 Additions through business combinations 5 514,720 153,576 96,510 3,674 634 769,114 Other additions - - - - 6,274 6,274 Extinguishments - - ( 4,432 ) ( 1,515 ) ( 3,340 ) ( 9,287 ) Effect of movements in exchange rates ( 80,040 ) ( 25,215 ) ( 2,364 ) ( 1,223 ) ( 1,334 ) ( 110,176 ) Balance at December 31, 2024 1,996,809 885,556 152,386 24,255 41,539 3,100,545 Amortization and impairment losses Balance at December 31, 2022 78,012 244,252 27,050 10,130 19,297 378,741 Amortization - 46,629 5,461 4,099 3,839 60,028 Extinguishments - ( 7,203 ) ( 7,820 ) ( 2,524 ) ( 1,029 ) ( 18,576 ) Effect of movements in exchange rates 1,040 3,150 428 168 340 5,126 Balance at December 31, 2023 79,052 286,828 25,119 11,873 22,447 425,319 Amortization - 61,406 8,408 3,869 6,301 79,984 Extinguishments - - ( 4,432 ) ( 1,515 ) ( 3,340 ) ( 9,287 ) Effect of movements in exchange rates ( 3,851 ) ( 12,100 ) ( 931 ) ( 579 ) ( 961 ) ( 18,422 ) Balance at December 31, 2024 75,201 336,134 28,164 13,648 24,447 477,594 Net carrying amounts At December 31, 2023 1,483,077 470,367 37,553 11,446 16,858 2,019,301 At December 31, 2024 1,921,608 549,422 124,222 10,607 17,092 2,622,951
Summary of Aggregate Carrying Amounts of Goodwill Allocated to Each Units	The aggregate carrying amounts of goodwill allocated to each unit are as follows: Reportable segment / operating segment December 31, December 31, Less-Than-Truckload Package and Courier 167,264 182,120 Canadian Less-Than-Truckload 125,484 140,402 U.S. Less-Than-Truckload 34,802 3,375 Truckload Canadian Truckload 101,727 109,593 Specialized Truckload 1,055,530 599,292 Logistics 436,801 448,295 1,921,608 1,483,077
Summary of Pretax Discount Rates	In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rates as follows: Reportable segment / operating segment 2024 2023 Less-Than-Truckload Package and Courier 11.8 % 12.0 % Canadian Less-Than-Truckload 11.8 % 12.0 % U.S. Less-Than-Truckload 11.2 % 11.4 % Truckload Canadian Truckload 14.2 % 14.4 % Specialized Truckload 13.0 % 13.2 % Logistics 11.2 % 11.4 %

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2024
Investment [Abstract]
Disclosure Of Investments	As at As at December 31, 2024 December 31, 2023 Level 1 investments 4,669 31,557 Level 2 investments 4,276 4,339 Level 3 investments 13,152 14,313 22,097 50,209

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2024
Trade and other payables [abstract]
Summary of Trade and Other Payables	As at As at December 31, 2024 December 31, 2023 Trade payables and accrued expenses 430,585 450,638 Personnel accrued expenses 170,621 187,522 Dividend payable 37,984 33,776 639,190 671,936

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about borrowings [abstract]
Summary of Contractual Terms of Groups Interest-bearing Long-term Debt Measured at Amortized Cost	As at As at December 31, 2024 December 31, 2023 Non-current liabilities Unsecured revolving facilities 275,054 22,166 Unsecured term loan 199,609 - Unsecured senior notes 1,652,742 1,652,049 Conditional sales contracts 178,052 31,278 Other long-term debt 3,971 4,338 2,309,428 1,709,831 Current liabilities Current portion of unsecured debenture - 151,023 Current portion of conditional sales contracts 93,087 22,974 Current portion of other long-term debt 366 354 93,453 174,351
Summary of Terms and Conditions of Outstanding Long-term Debt	Terms and conditions of outstanding long-term debt are as follows: 2024 2023 Currency Nominal Year of Face Carrying Face Carrying Unsecured revolving facility a CAD CORRA + 1.50 % 2026 370,000 255,812 30,400 21,239 Unsecured revolving facility a USD SOFR + 1.50 % 2026 19,310 19,242 1,000 927 Unsecured term loan a USD 6.07 % 2027 200,000 199,609 - - Unsecured debenture b CAD 3.32 % - 4.22 % 2024 - - 200,000 151,023 Unsecured senior notes c USD 2.89 % - 5.64 % 2026 - 2038 255,000 254,631 255,000 254,376 Unsecured senior notes c USD 3.15 % - 3.50 % 2029 - 2036 500,000 499,273 500,000 499,100 Unsecured senior notes c USD 2.87 % - 3.55 % 2029 - 2034 200,000 199,719 200,000 199,665 Unsecured senior notes c USD 3.50 % - 3.80 % 2032 - 2037 200,000 199,846 200,000 199,808 Unsecured senior notes c USD 6.27 %- 7.11 % 2028 - 2043 500,000 499,273 500,000 499,100 Conditional sales contracts d Mainly CAD 1.45 % - 7.40 % 2025 - 2027 390,766 271,139 71,847 54,252 Other long-term debt USD 3.04 % 2027 4,337 4,337 4,692 4,692 2,402,881 1,884,182
Summary of Changes to Long-term Debt	The table below summarizes changes to the long-term debt: Note 2024 2023 Balance at beginning of year 1,884,182 1,315,757 Proceeds from long-term debt 500,000 575,000 Business combinations 5 314,670 4,808 Repayment of long-term debt ( 536,700 ) ( 41,371 ) Net increase in revolving facilities 261,783 25,242 Amortization of deferred financing fees 2,170 1,337 Effect of movements in exchange rates ( 159,433 ) 41,322 Effect of movements in exchange rates - debt designated as net investment hedge 136,209 ( 37,913 ) Balance at end of year 2,402,881 1,884,182
Summary of Principal Installments of Other Long-Term Debt Payable during the Subsequent Years	e) Principal installments of long-term debt payable during the subsequent years are as follows: Less than 1 to 5 More than 1 year years 5 years Total Unsecured revolving facilities - 276,040 - 276,040 Unsecured term loan - 200,000 - 200,000 Unsecured senior notes - 665,000 990,000 1,655,000 Conditional sales contracts 93,087 175,327 2,726 271,140 Other long-term debt 366 3,971 - 4,337 93,453 1,320,338 992,726 2,406,517

Lease liabilities (Tables)

Lease liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Lease liabilities [abstract]
Summary of Lease Liabilities	As at As at December 31, 2024 December 31, 2023 Current portion of lease liabilities 152,449 127,397 Long-term portion of lease liabilities 421,213 332,761 573,662 460,158
Summary of Changes to Lease Liabilities	The table below summarizes changes to the lease liabilities: 2024 2023 Balance at beginning of year 460,158 413,039 Business combinations 5 116,837 30,994 Additions 208,028 155,218 Derecognition* ( 15,625 ) ( 18,635 ) Repayment ( 165,350 ) ( 128,107 ) Effect of movements in exchange rates ( 30,386 ) 7,649 Balance at end of year 573,662 460,158 * Derecognized lease liabilities include negotiated asset purchases and extinguishments resulting from accidents.
Summary of Contractual Cash Flow Maturities of Lease Liabilities	The total contractual cash flow maturities of the Group’s lease liabilities are as follows: As at December 31, 2024 Less than 1 year 176,039 Between 1 and 5 years 361,122 More than 5 years 117,573 654,734

Employee benefits (Tables)

Employee benefits (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of information about defined benefit plans [abstract]
Summary of Information About Group's Defined Benefit Pension Plans	Information in the tables that follow pertains to all of the Group’s defined benefit pension plans. December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation 14,938 252,863 267,801 13,999 212,373 226,372 Fair value of plan assets ( 366 ) ( 196,979 ) ( 197,345 ) ( 200 ) ( 172,941 ) ( 173,141 ) Net defined benefit liability (asset) 14,572 55,884 70,456 13,799 39,432 53,231
Summary of Plan Assets	Plan assets comprise: December 31, 2024 December 31, 2023 TFI International pension plans Equity securities 0 % 14 % Other 100 % 86 % TForce Freight pension plans Equity securities 95 % 95 % Debt securities 5 % 5 %
Summary of Movement in Present Value of Accrued Benefit Obligation for Defined Plans	Movement in the present value of the accrued benefit obligation for defined benefit plans: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation, beginning of year 13,999 212,373 226,372 20,189 144,110 164,299 Current service cost 474 55,749 56,223 382 58,155 58,537 Interest cost 638 11,007 11,645 787 7,342 8,129 Benefits paid - ( 2,749 ) ( 2,749 ) ( 10,139 ) ( 3,832 ) ( 13,971 ) Remeasurement loss (gain) arising from: - Demographic - 3,143 3,143 - 1,017 1,017 - Financial assumptions 141 ( 29,522 ) ( 29,381 ) 566 7,303 7,869 - Experience 839 2,865 3,704 1,849 ( 1,760 ) 89 Settlement - - - 28 29 57 Effect of movements in exchange rates ( 1,153 ) ( 3 ) ( 1,156 ) 337 9 346 Defined benefit obligation, end of year 14,938 252,863 267,801 13,999 212,373 226,372
Summary of Movement in Fair Value of Plan Assets for Defined Benefit Plans	Movement in the fair value of plan assets for defined benefit plans: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Fair value of plan assets, beginning of year 200 172,941 173,141 10,214 158,444 168,658 Interest income 8 9,035 9,043 250 8,124 8,374 Employer contributions ( 16 ) 20,000 19,984 37 - 37 Benefits paid - ( 2,749 ) ( 2,749 ) ( 10,139 ) ( 3,832 ) ( 13,971 ) Fair value remeasurement 193 ( 232 ) ( 39 ) ( 165 ) 11,816 11,651 Plan administration expenses - ( 1,981 ) ( 1,981 ) ( 44 ) ( 1,623 ) ( 1,667 ) Effect of movements in exchange rates ( 19 ) ( 35 ) ( 54 ) 47 12 59 Fair value of plan assets, end of year 366 196,979 197,345 200 172,941 173,141
Summary of Expense Recognized in Income or Loss	Expense recognized in income or loss: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Current service cost 474 55,749 56,223 382 58,155 58,537 Net interest cost 630 1,972 2,602 537 ( 782 ) ( 245 ) Plan administration expenses - 1,981 1,981 44 1,623 1,667 Net settlement - - - 28 29 57 Pension expense 1,104 59,702 60,806 991 59,025 60,016 Actual return on plan assets 201 8,803 9,004 85 19,940 20,025
Summary of Actuarial Losses Recognized in Other Comprehensive Income	Actuarial losses recognized in other comprehensive income: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Amount accumulated in retained 11,451 ( 80,494 ) ( 69,043 ) 8,871 ( 75,238 ) ( 66,367 ) earnings, beginning of year Recognized during the year 787 ( 23,282 ) ( 22,495 ) 2,580 ( 5,256 ) ( 2,676 ) Amount accumulated in retained earnings, end of year 12,238 ( 103,776 ) ( 91,538 ) 11,451 ( 80,494 ) ( 69,043 ) Recognized during the year, net of tax 580 ( 17,389 ) ( 16,809 ) 1,902 ( 3,918 ) ( 2,016 )
Summary of Significant Actuarial Assumptions Used (Expressed as Weighted Average)	The significant actuarial assumptions used (expressed as weighted average): December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Defined benefit obligation: Discount rate at 4.7 % 5.7 % 4.8 % 5.0 % Future salary increases N/A 2.0 % 3.0 % 2.0 % Employee benefit expense: Discount rate at 5.0 % 5.7 % 5.0 % 5.0 % Rate of return on plan assets at 5.0 % 5.7 % 5.0 % 5.0 % Future salary increases N/A 2.0 % 3.0 % 2.0 % At December 31, 2024 the weighted average duration of the defined benefit obligation was: TFI International pension plans 9.5 TForce Freight pension plans 16.3
Summary of Current Longevities Underlying Value of Liabilities in Defined Benefit Plans	Assumptions regarding future mortality are based on published statistics and mortality tables. The current longevities underlying the value of the liabilities in the defined benefit plans are as follows: December 31, 2024 December 31, 2023 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Longevity at age 65 for current pensioners Males 22.4 19.9 22.3 19.1 Females 25.0 21.9 25.0 22.0 Longevity at age 65 for current members aged 45 Males 23.8 21.5 23.8 20.6 Females 26.4 23.4 26.3 23.4
Summary of Impact of Changes of Major Assumptions on Defined Benefit Obligation	The following table presents the impact of changes of major assumptions on the defined benefit obligation for the years ended: 2024 2023 Increase Decrease Increase Decrease Discount rate (1% movement) ( 38,006 ) 48,004 ( 34,520 ) 44,102
Summary of Historical Information of Plans	Historical information: 2024 2023 2022 2021 2020 Defined benefit obligation 267,801 226,372 164,299 160,780 35,529 Fair value of plan assets ( 197,345 ) ( 173,141 ) ( 168,658 ) ( 93,903 ) ( 21,147 ) Deficit (surplus) in the plans 70,456 53,231 ( 4,359 ) 66,877 14,382 Experience adjustments arising on plan obligations ( 22,534 ) 8,975 ( 112,739 ) 5,823 3,220 Experience adjustments arising on plan assets ( 39 ) 11,651 ( 27,473 ) 310 1,129

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2024
Provisions [abstract]
Summary of Provisions	Self-insurance Other Total Balance at December 31, 2022 96,251 79,388 175,639 Additions through business combinations 5 16,364 3,555 19,919 Provisions made during the year 159,276 12,937 172,213 Provisions used during the year ( 129,089 ) ( 52,637 ) ( 181,726 ) Provisions reversed during the year ( 16,705 ) ( 7,080 ) ( 23,785 ) Unwind of discount on long-term provisions ( 2,666 ) - ( 2,666 ) Effect of movements in exchange rates 214 92 306 Balance at December 31, 2023 123,645 36,255 159,900 Additions through business combinations 5 51,813 6,110 57,923 Provisions made during the year 141,645 32,704 174,349 Provisions used during the year ( 104,716 ) ( 40,188 ) ( 144,904 ) Provisions reversed during the year ( 14,553 ) ( 1,370 ) ( 15,923 ) Unwind of discount on long-term provisions ( 550 ) - ( 550 ) Effect of movements in exchange rates ( 938 ) ( 174 ) ( 1,112 ) Balance at December 31, 2024 196,346 33,337 229,683 As at December 31, 2024 Current provisions 71,894 15,678 87,572 Non-current provisions 124,452 17,659 142,111 196,346 33,337 229,683 As at December 31, 2023 Current provisions 46,940 19,625 66,565 Non-current provisions 76,705 16,630 93,335 123,645 36,255 159,900

Deferred tax assets and liabi_2

Deferred tax assets and liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred tax assets and liabilities [abstract]
Summary of Deferred Tax Assets and Liabilities	December 31, December 31, Property and equipment ( 467,144 ) ( 382,208 ) Intangible assets ( 163,616 ) ( 127,547 ) Right-of-use assets 9,414 8,600 Employee benefits 26,324 26,510 Provisions 77,814 51,458 Tax losses 8,380 10,054 Other 1,307 506 Net deferred tax liabilities ( 507,521 ) ( 412,627 ) Presented as: Deferred tax assets 13,724 20,615 Deferred tax liabilities ( 521,245 ) ( 433,242 )
Summary of Movement in Temporary Differences	Movement in temporary differences during the year: Balance Recognized Recognized Acquired Balance December 31, in income directly in business December 31, 2023 or loss in equity combinations 2024 Property and equipment ( 382,208 ) 26,249 7,383 ( 118,568 ) ( 467,144 ) Intangible assets ( 127,547 ) 10,318 1,476 ( 47,863 ) ( 163,616 ) Long-term debt 8,600 1,190 ( 415 ) 39 9,414 Employee benefits 26,510 8,591 ( 8,777 ) - 26,324 Provisions 51,458 ( 957 ) 1,983 25,330 77,814 Tax losses 10,054 ( 1,624 ) ( 705 ) 655 8,380 Other 506 ( 866 ) 1,667 - 1,307 Net deferred tax liabilities ( 412,627 ) 42,901 2,612 ( 140,407 ) ( 507,521 ) Balance Recognized Recognized Acquired Balance December 31, in income directly in business December 31, 2022 or loss in equity combinations 2023 Property and equipment ( 360,111 ) 8,637 ( 3,233 ) ( 27,501 ) ( 382,208 ) Intangible assets ( 72,032 ) 10,870 ( 798 ) ( 65,587 ) ( 127,547 ) Long-term debt 7,497 660 443 - 8,600 Employee benefits 23,111 5,119 ( 1,720 ) - 26,510 Provisions 53,818 ( 5,399 ) ( 2,303 ) 5,342 51,458 Tax losses 5,686 2,953 1,411 4 10,054 Other 892 ( 396 ) 10 - 506 Net deferred tax liabilities ( 341,139 ) 22,444 ( 6,190 ) ( 87,742 ) ( 412,627 ) As at December 31, 2024, the Company had $ 148.0 million in capital losses for which no deferred tax assets has been recognized. These capital losses can be carried forward indefinitely but can only be used against future taxable capital gains. Additionally, as at December 31, 2024, no deferred tax liability was recognized for temporary differences arising from investments in subsidiaries because the Company controls the decisions affecting the realization of such liabilities and it is probable that the temporary differences will not reverse in the foreseeable future.

Share capital and other compo_2

Share capital and other components of equity (Tables)	12 Months Ended
	Dec. 31, 2024
Share Capital And Other Components Of Equity [Abstract]
Summary of Number of Common Shares Issued	The following table summarizes the number of common shares issued: (in number of shares) Note 2024 2023 Balance, beginning of year 84,441,733 86,539,559 Repurchase and cancellation of own shares ( 545,305 ) ( 2,609,900 ) Stock options exercised 20 512,009 512,074 Balance, end of period 84,408,437 84,441,733
Summary of Share Capital Issued and Fully Paid	The following table summarizes the share capital issued and fully paid: 2024 2023 Balance, beginning of year 1,107,290 1,089,229 Repurchase and cancellation of own shares ( 5,929 ) ( 28,303 ) Cash consideration of stock options exercised 13,523 12,777 Ascribed value credited to share capital on stock options exercised, net of tax 2,985 4,402 Issuance of shares on settlement of RSUs and PSUs, net of tax 17,631 29,185 Balance, end of year 1,135,500 1,107,290

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings per share [abstract]
Schedule of Basic and Diluted Earnings Per Share	Basic earnings per share The basic earnings per share and the weighted average number of common shares outstanding have been calculated as follows: (in thousands of dollars and number of shares) 2024 2023 Net income 422,484 504,877 Issued common shares, beginning of period 84,441,733 86,539,559 Effect of stock options exercised 285,606 340,802 Effect of repurchase of own shares ( 175,763 ) ( 972,615 ) Weighted average number of common shares 84,551,576 85,907,746 Earnings per share – basic (in dollars) 5.00 5.88 Diluted earnings per share The diluted earnings per share and the weighted average number of common shares outstanding after adjustment for the effects of all dilutive common shares have been calculated as follows: (in thousands of dollars and number of shares) 2024 2023 Net income 422,484 504,877 Weighted average number of common shares 84,551,576 85,907,746 Dilutive effect: Stock options, restricted share units and performance share units 691,532 1,147,023 Weighted average number of diluted common shares 85,243,108 87,054,769 Earnings per share - diluted (in dollars) 4.96 5.80

Share-based payment arrangeme_2

Share-based payment arrangements (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Summary of Changes in Outstanding Stock Options	The table below summarizes the changes in the outstanding stock options: (in thousands of options and in dollars) 2024 2023 Weighted Weighted Number average Number average of exercise of exercise options price options price Balance, beginning of year 790 29.17 1,302 27.89 Exercised ( 512 ) 27.93 ( 512 ) 25.92 Balance, end of year 278 31.44 790 29.17 Options exercisable, end of year 278 31.44 790 29.17
Summary of Information about Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at December 31, 2024: (in thousands of options and in dollars) Options outstanding and exercisable Weighted average Number remaining of contractual life Exercise prices options (in years) 23.70 6 0.1 30.71 246 1.2 40.41 26 2.6 278 1.3
Schedule of Deferred Share Unit Plan for Board Members	The following table provides the number of DSUs related to this plan: (in units) 2024 2023 Balance, beginning of year - 310,128 Paid - ( 313,312 ) Forfeited - ( 170 ) Dividends paid in units - 3,354 Balance, end of year - -
Restricted Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Summary of Changes to Outstanding Options	The table below summarizes changes to the outstanding RSUs: (in thousands of RSUs and in dollars) 2024 2023 Weighted Weighted Number average Number average of grant date of grant date RSUs fair value RSUs fair value Balance, beginning of year 192 93.62 272 58.33 Granted* 51 137.21 63 115.81 Reinvested 2 104.17 4 74.69 Settled ( 82 ) 77.79 ( 145 ) 36.87 Forfeited ( 5 ) 115.83 ( 2 ) 69.92 Balance, end of year 158 115.34 192 93.62 * Granted RSUs include the conversion of units of Daseke employees ( 5,182 RSUs)
Summary of Information about Options Outstanding	The following table summarizes information about RSUs outstanding as at December 31, 2024: (in thousands of RSUs and in dollars) RSUs outstanding Remaining Number of contractual life Grant date fair value RSUs (in years) 98.27 55 0.1 157.51 2 1.0 115.51 54 1.1 157.51 1 1.2 135.00 45 2.1 158 1.0
Performance Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Summary of Changes to Outstanding Options	The table below summarizes changes to the outstanding PSUs: (in thousands of PSUs and in dollars) 2024 2023 Weighted Weighted Number average Number average of grant date of grant date PSUs fair value PSUs fair value Balance, beginning of year 184 106.17 261 62.87 Granted 46 156.17 55 135.15 Reinvested 1 106.72 4 84.93 Settled ( 135 ) 89.87 ( 267 ) 32.70 Added due to performance conditions 64 89.87 134 32.93 Forfeited ( 5 ) 129.43 ( 3 ) 109.61 Balance, end of year 155 127.72 184 106.17
Summary of Information about Options Outstanding	The following table summarizes information about PSUs outstanding as at December 31, 2024: (in thousands of PSUs and in dollars) PSUs outstanding Remaining Number of contractual life Grant date fair value PSUs (in years) 100.43 57 0.1 135.15 53 1.1 156.17 45 2.1 155 1.0

Materials and services expens_2

Materials and services expenses (Tables)	12 Months Ended
	Dec. 31, 2024
Material income and expense [abstract]
Summary of Materials and Services Expenses	The Group’s materials and services expenses are primarily costs related to independent contractors and vehicle operation expenses. Vehicle operation expenses consists primarily of fuel costs, repairs and maintenance, insurance, permits and operating supplies. 2024 2023 Independent contractors 2,902,226 2,805,924 Vehicle operation expenses 1,268,909 999,922 4,171,135 3,805,846

Personnel expenses (Tables)

Personnel expenses (Tables)	12 Months Ended
	Dec. 31, 2024
Personnel Expense [Abstract]
Summary of Personnel Expenses	Note 2024 2023 Short-term employee benefits 2,392,249 2,007,954 Contributions to defined contribution plans 9,011 8,399 Current and past service costs related to defined benefit plans 15 56,223 58,537 Termination benefits 27,758 16,743 Equity-settled share-based payment transactions 20 11,074 13,451 Cash-settled share-based payment transactions 20 - 4,538 2,496,315 2,109,622

Finance Income and Finance Co_2

Finance Income and Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Finance Income And Finance Costs [Abstract]
Summary of Finance Income and Finance Costs	Recognized in income or loss: Costs (income) 2024 2023 Interest expense on long-term debt and amortization of deferred financing fees 127,062 59,432 Interest expense on lease liabilities 24,904 16,042 Interest income ( 7,723 ) ( 8,121 ) Net change in fair value and accretion expense of contingent considerations ( 6,037 ) 165 Net foreign exchange loss (gain) 3,786 ( 491 ) Other financial expenses 16,247 13,844 Net finance costs 158,239 80,871 Presented as: Finance income ( 13,760 ) ( 8,612 ) Finance costs 171,999 89,483

Income tax expense (Tables)

Income tax expense (Tables)	12 Months Ended
	Dec. 31, 2024
Major components of tax expense (income) [abstract]
Summary of Income Tax Recognized in Income or Loss	Income tax recognized in income or loss: 2024 2023 Current tax expense Current period 179,142 192,388 Adjustment for prior periods 1,998 1,943 181,140 194,331 Deferred tax expense (recovery) Origination and reversal of temporary differences ( 39,578 ) ( 20,102 ) Variation in tax rate ( 1,053 ) 1,551 Adjustment for prior periods ( 2,270 ) ( 3,893 ) ( 42,901 ) ( 22,444 ) Income tax expense 138,239 171,887
Summary of Income Tax Recognized in Other Comprehensive Income	Income tax recognized in other comprehensive income: 2024 2023 Tax Tax Before (benefit) Net of Before (benefit) Net of tax expense tax Tax expense tax Foreign currency translation differences 5,675 - 5,675 ( 881 ) - ( 881 ) Defined benefit plan remeasurement gains 22,495 5,686 16,809 2,676 660 2,016 Gain (loss) on net investment hedge ( 135,112 ) 977 ( 136,089 ) 37,913 ( 1,792 ) 39,705 Change in fair value of investment in equity securities ( 7,962 ) 146 ( 8,108 ) 8,383 1,102 7,281 ( 114,904 ) 6,809 ( 121,713 ) 48,091 ( 30 ) 48,121
Summary of Reconciliation of Effective Tax Rate	Reconciliation of effective tax rate: 2024 2023 Income before income tax 560,723 676,764 Income tax using the Company’s statutory tax rate 26.5 % 148,592 26.5 % 179,342 Increase (decrease) resulting from: Rate differential between jurisdictions 0.0 % 200 0.1 % 548 Variation in tax rate - 0.2 % ( 1,053 ) 0.2 % 1,551 Non deductible expenses 1.2 % 6,839 0.3 % 2,005 Tax deductions and tax exempt income - 3.0 % ( 17,021 ) - 2.2 % ( 14,909 ) Adjustment for prior periods 0.0 % ( 272 ) - 0.3 % ( 1,950 ) Multi-jurisdiction tax 0.2 % 954 0.8 % 5,300 24.7 % 138,239 25.4 % 171,887

Financial Instruments and Fin_2

Financial Instruments and Financial Risk Management (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]
Summary of Maximum Exposure to Credit Risk	December 31, December 31, Trade and other receivables 927,654 894,771
Summary of Aging of Trade and Other Receivables	The aging of trade and other receivables at the reporting date was: Allowance for Allowance for expected expected Total credit loss Total credit loss 2024 2024 2023 2023 Not past due 646,859 2,145 619,888 1,817 Past due 1 – 30 days 174,343 2,526 159,928 2,909 Past due 31 – 60 days 52,700 7,578 47,529 8,727 Past due more than 60 days 79,013 13,012 96,932 16,053 952,915 25,261 924,277 29,506
Summary of Movement in Allowance for Expected Credit Loss in Respect of Trade and Other Receivables	The movement in the allowance for expected credit loss in respect of trade and other receivables during the year was as follows: 2024 2023 Balance, beginning of year 29,506 29,038 Business combinations 2,837 2,100 Bad debt expenses 14,846 30,992 Amount written off and recoveries ( 19,631 ) ( 33,302 ) Effect of movements in exchange rates ( 2,297 ) 678 Balance, end of year 25,261 29,506
Summary of Contractual Maturities of Financial Liabilities Including Estimated Interest Payment	The following are the contractual maturities of the financial liabilities, including estimated interest payment: Carrying Contractual Less than 1 to 2 2 to 5 More than amount cash flows 1 year years years 5 years 2024 Trade and other payables 639,190 639,190 639,190 - - - Long-term debt 2,402,881 3,178,019 209,454 973,603 522,404 1,472,558 Other financial liability* 7,779 7,779 7,779 - - - 3,049,850 3,824,988 856,423 973,603 522,404 1,472,558 2023 Trade and other payables 671,939 671,939 671,939 - - - Long-term debt 1,884,274 2,644,474 257,414 354,206 293,772 1,739,082 Other financial liability* 13,572 13,572 12,732 840 - - 2,569,785 3,329,985 942,085 355,046 293,772 1,739,082 * Includes the contractual maturities for the contingent considerations presented in other financial liabilities. Other financial liabilities with no contractual cashflows in the amount of $ 11.9 million (2023 - $ 13.5 million) are excluded from the table above.
Summary of Financial Assets and Liabilities Exposure to Foreign Currency Risk	The Group’s financial assets and liabilities exposure to foreign currency risk related to Canadian entities was as follows based on notional amounts: 2024 2023 Trade and other receivables 53,423 41,239 Trade and other payables ( 8,984 ) ( 7,379 ) Long-term debt ( 1,653,291 ) ( 1,654,689 ) Balance sheet exposure ( 1,608,852 ) ( 1,620,829 ) Long-term debt designated as investment hedge 1,655,000 1,655,000 Net balance sheet exposure 46,148 34,171
Summary of Exchange Rates Applied	The Group estimates its annual net USD denominated cash flow from operating activities at approximately $ 500 million (2023 - $ 470 million). This cash flow is earned evenly throughout the year. The following exchange rates applied during the year: December 31, December 31, Average USD for the year ended 1.3698 1.3497 Closing USD as at 1.4384 1.3243
Summary of Sensitivity Analysis	A 1-cent increase in the U.S. dollar at the reporting date, assuming all other variables, in particular interest rates, remain constant, would have increased (decreased) equity and income or loss by the amounts shown below. The analysis is performed on the same basis for 2023. 2024 2023 1-cent 1-cent 1-cent 1-cent Increase Decrease Increase Decrease Balance sheet exposure ( 11,185 ) 11,185 ( 12,239 ) 12,239 Long-term debt designated as investment hedge 11,506 ( 11,506 ) 12,497 ( 12,497 ) Net balance sheet exposure 321 ( 321 ) 258 ( 258 )
Summary of Carrying Amount of Interest-bearing Financial Instruments	At December 31, 2024 and 2023, the interest rate profile of the Group’s carrying amount of interest-bearing financial instruments: 2024 2023 Fixed rate instruments 2,402,881 1,884,182
Summary of Debt-to-Equity and Debt-to-Capitalization Ratios	The Group monitors its long-term debt using the ratios below to maintain an appropriate debt level. The Group’s debt-to-equity and debt-to-capitalization ratios are as follows: 2024 2023 Long-term debt 2,402,881 1,884,182 Shareholders' equity 2,673,275 2,591,410 Debt-to-equity ratio 0.90 0.73 Debt-to-capitalization ratio 1 0.47 0.42 1 Long-term debt divided by the sum of shareholders' equity and long-term debt.
Summary of Fair Values of Financial Assets and Liabilities, Together with Carrying Amounts Shown in Statements of Financial Position	The fair values of financial assets and liabilities, together with the carrying amounts shown in the statements of financial position, are as follows: December 31, 2024 December 31, 2023 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets Assets carried at fair value Investment in equity securities 22,097 22,097 50,209 50,209 Assets carried at amortized cost Trade and other receivables 927,654 927,654 894,771 894,771 949,751 949,751 944,980 944,980 Financial liabilities Liabilities carried at fair value Other financial liability 19,686 19,686 27,119 27,119 Liabilities carried at amortized cost Trade and other payables 639,190 639,190 671,936 671,936 Long-term debt 2,402,881 2,339,947 1,884,182 1,678,662 3,061,757 2,998,823 2,583,237 2,377,717

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2024
Related party transactions [abstract]
Summary of Costs Incurred for Key Management Personnel	Key management personnel compensation comprised: 2024 2023 Short-term benefits 14,360 15,457 Post-employment benefits 719 6 19 Equity-settled share-based payment transactions 8,207 8,674 23,286 24,750

Reporting Entity - Additional I

Reporting Entity - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024
Disclosure Of General Information About Financial Statements [Abstract]
Name of reporting entity or other means of identification	TFI International Inc.
Domicile of entity	Canada
Address of entity's registered office	8801 Trans-Canada Highway, Suite 500, Montreal, Quebec, H4S 1Z6.

Material Accounting Policies -

Material Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024
Top of Range
Accounting Policies [Line Items]
Pillar Two effective tax rates	15%
Bottom of Range
Accounting Policies [Line Items]
Pillar Two effective tax rates	15%

Material Accounting Policies _2

Material Accounting Policies - Summary of Depreciation Method and Useful Lives (Details)	12 Months Ended
	Dec. 31, 2024
Buildings
Disclosure Of Property Plant And Equipment [Line Items]
Basis	Straight-line
Buildings | Bottom of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	15 years
Buildings | Top of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	40 years
Rolling Stock
Disclosure Of Property Plant And Equipment [Line Items]
Basis	Primarily straight-line
Rolling Stock | Bottom of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	3 years
Rolling Stock | Top of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	20 years
Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Basis	Primarily straight-line
Equipment | Bottom of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	5 years
Equipment | Top of Range
Disclosure Of Property Plant And Equipment [Line Items]
Useful lives	12 years

Material Accounting Policies _3

Material Accounting Policies - Summary of Estimated Useful Lives of Intangible Assets with Finite Lives are Amortized on Straight-line Basis (Details)	12 Months Ended
	Dec. 31, 2024
Customer Relationships | Bottom of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	5 years
Customer Relationships | Top of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	20 years
Trademarks | Bottom of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	5 years
Trademarks | Top of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	20 years
Non-compete Agreements | Bottom of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	3 years
Non-compete Agreements | Top of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	10 years
Information Technology | Bottom of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	5 years
Information Technology | Top of Range
Disclosure Of Intangible Assets [Line Items]
Useful lives	7 years

Segment Reporting - Information

Segment Reporting - Information Regarding Results of Reportable Segment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	$ 7,304,626	$ 6,416,886
Fuel surcharge	[1]	1,092,204	1,104,281
Total revenue	[1]	8,396,830	7,521,167
Operating income (loss)		718,962	757,635
Materials and services expenses		4,171,135	3,805,846
Personnel expenses		2,496,315	2,109,622
Other operating expenses		435,486	434,751
Depreciation and amortization		582,069	441,975
Gain (loss) on sale of land and buildings			(40)
Gain, net of impairment, on sale of assets held for sale		(192)	14,721
Loss on sale of business			(3,011)
Intangible assets		2,622,951	2,019,301
Total assets		7,145,844	6,283,620
Total liabilities		4,472,569	3,692,210
Additions to property and equipment		393,301	360,247
Operating Segments | Less-Than-Truckload
Disclosure Of Operating Segments [Line Items]
Revenue	[1],[2]	3,085,727	3,236,267
Fuel surcharge	[1],[2]	617,208	712,390
Total revenue	[1],[2],[3]	3,702,935	3,948,657
Operating income (loss)	[2]	361,235	424,789
Materials and services expenses	[2]	1,541,476	1,700,911
Personnel expenses	[2]	1,360,982	1,377,596
Other operating expenses	[2]	222,619	259,603
Depreciation and amortization	[2]	213,524	198,754
Gain (loss) on sale of land and buildings	[2]		(35)
Gain, net of impairment, on sale of assets held for sale	[2]	(2,549)	10,546
Intangible assets	[2]	396,533	378,623
Total assets	[2]	2,618,714	2,688,854
Total liabilities	[2]	802,778	878,751
Additions to property and equipment	[2]	188,055	239,327
Operating Segments | Truckload
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	2,551,540	1,625,592
Fuel surcharge	[1]	385,765	310,446
Total revenue	[1]	2,937,305	1,936,038
Operating income (loss)		252,434	237,393
Materials and services expenses		1,511,418	992,788
Personnel expenses		783,894	473,948
Other operating expenses		94,835	55,420
Depreciation and amortization		307,244	194,761
Gain (loss) on sale of land and buildings			(5)
Gain, net of impairment, on sale of assets held for sale		2,321	3,949
Intangible assets		1,491,373	857,666
Total assets		3,374,010	2,004,163
Total liabilities		813,350	462,812
Additions to property and equipment		196,596	115,048
Operating Segments | Logistics
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	1,720,976	1,604,878
Fuel surcharge	[1]	100,735	92,138
Total revenue	[1]	1,821,711	1,697,016
Operating income (loss)		182,364	160,112
Materials and services expenses		1,216,026	1,194,534
Personnel expenses		267,569	191,146
Other operating expenses		95,438	103,715
Depreciation and amortization		60,419	47,914
Gain, net of impairment, on sale of assets held for sale		36	226
Intangible assets		734,736	782,923
Total assets		1,098,617	1,140,174
Total liabilities		390,525	336,875
Additions to property and equipment		7,920	5,561
Corporate
Disclosure Of Operating Segments [Line Items]
Operating income (loss)		(77,071)	(64,659)
Materials and services expenses		(32,665)	(21,843)
Personnel expenses		83,870	66,932
Other operating expenses		22,594	16,013
Depreciation and amortization		882	546
Loss on sale of business			(3,011)
Intangible assets		309	89
Total assets		54,503	450,429
Total liabilities		2,466,034	2,013,900
Additions to property and equipment		730	311
Eliminations
Disclosure Of Operating Segments [Line Items]
Revenue	[1],[2]	(53,617)	(49,851)
Fuel surcharge	[1],[2]	(11,504)	(10,693)
Total revenue	[1],[2],[3]	(65,121)	(60,544)
Materials and services expenses	[2]	(65,120)	(60,544)
Total liabilities	[2]	$ (118)	$ (128)
[1] Includes intersegment revenue and intersegment fuel surcharge, which are eliminated in the consolidated results and are not disclosed by reportable segment due to the non-material amounts. Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations. Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations.

Segment Reporting - Summary of

Segment Reporting - Summary of Revenue Attributed to Geographical Locations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	$ 8,396,830	$ 7,521,167
Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		2,543,560	2,567,236
United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		5,853,270	4,953,931
Operating Segments | Less-Than-Truckload
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1],[2],[3]	3,702,935	3,948,657
Operating Segments | Less-Than-Truckload | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue	[2]	1,162,733	1,188,635
Operating Segments | Less-Than-Truckload | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue	[2]	2,540,202	2,760,022
Operating Segments | Truckload
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	2,937,305	1,936,038
Operating Segments | Truckload | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,159,562	1,139,272
Operating Segments | Truckload | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,777,743	796,766
Operating Segments | Logistics
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	1,821,711	1,697,016
Operating Segments | Logistics | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		258,489	271,136
Operating Segments | Logistics | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,563,222	1,425,880
Eliminations
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1],[2],[3]	(65,121)	(60,544)
Eliminations | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue	[2]	(37,224)	(31,807)
Eliminations | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue	[2]	$ (27,897)	$ (28,737)
[1] Includes intersegment revenue and intersegment fuel surcharge, which are eliminated in the consolidated results and are not disclosed by reportable segment due to the non-material amounts. Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations. Recasted for changes in aggregation in the current year. Specifically, “Package and Courier” was presented separately in previous years is now aggregated within “Less-Than-Truckload”. The remaining amounts remain the same, except for resultant changes to the Eliminations.

Segment Reporting - Summary o_2

Segment Reporting - Summary of Segment Assets on Geographical Location (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets	$ 6,050,786	$ 4,860,403
Canada
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets	2,213,562	2,208,595
United States
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets	$ 3,837,224	$ 2,651,808

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Business	Dec. 31, 2023 USD ($) Business	Apr. 01, 2024 USD ($)	Aug. 16, 2023 USD ($)
Disclosure Of Business Combinations [Line Items]
Number of business acquired | Business	11	12
Purchase price	$ 1,040,980	$ 659,755
Revenue of acquiree since acquisition date		225,300
Net income (loss) of acquiree since acquisition date		18,000
Transaction costs		900
Trade receivables	208,800	80,000
Trade receivables expected to be uncollectible	2,800	2,100
Goodwill and intangible assets deducted for tax purpose	1,000	18,900
Contingent consideration, maximum amount payable in one year	4,500	13,500
Contingent consideration, maximum amount payable in two years	2,900	800
Contingent consideration balance	7,800	13,200
Fair value of assets	949,751	944,980
Land and buildings [member]
Disclosure Of Business Combinations [Line Items]
Fair value of assets	54,000
Customer-related intangible assets [member]
Disclosure Of Business Combinations [Line Items]
Fair value of assets	109,100
Trademarks
Disclosure Of Business Combinations [Line Items]
Fair value of assets	92,800
Non Material Business
Disclosure Of Business Combinations [Line Items]
Revenue of acquiree since acquisition date	148,400	178,300
Net income (loss) of acquiree since acquisition date	1,100	6,300
Revenue of entity as if combination occurred at beginning of period	236,900	333,200
Net income (loss) of entity as if combination occurred at beginning of period	7,400	9,100
JHT
Disclosure Of Business Combinations [Line Items]
Purchase price		309,304		$ 309,300
Revenue of acquiree since acquisition date		589,500
Net income (loss) of acquiree since acquisition date		$ 50,500
Daseke
Disclosure Of Business Combinations [Line Items]
Purchase price	816,958		$ 817,000
Term loan			500,000
Equipment financing debt			$ 314,700
Revenue of acquiree since acquisition date	1,052,000
Net income (loss) of acquiree since acquisition date	20,700
Revenue of entity as if combination occurred at beginning of period	1,408,800
Net income (loss) of entity as if combination occurred at beginning of period	19,200
Severances and other restructuring costs	19,700
Transaction costs	500
Daseke | Corporate
Disclosure Of Business Combinations [Line Items]
Severances and other restructuring costs	$ 19,700

Business Combinations - Summary

Business Combinations - Summary of Purchase Price Allocations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Apr. 01, 2024	Dec. 31, 2023	Aug. 16, 2023
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents	$ 79,464		$ 17,582
Trade and other receivables	205,952		77,900
Inventoried supplies and prepaid expenses	25,841		16,873
Property and equipment	590,083		240,339
Right-of-use assets	116,837		30,994
Intangible assets	254,394		279,466
Other assets	3,093		24,002
Trade and other payables	(127,005)		(64,105)
Income tax receivable (payable)	7,845		(953)
Employee benefits	(194)
Provisions	(57,923)		(19,919)
Other non-current liabilities	(213)		(488)
Long-term debt	(314,670)		(4,808)
Lease liabilities	(116,837)		(30,994)
Deferred tax liabilities	(140,407)		(87,742)
Total identifiable net assets	526,260		478,147
Total consideration transferred	1,040,980		659,755
Goodwill	514,720		181,608
Cash	1,037,427		646,283
Contingent consideration	3,553		13,472
Total consideration transferred	1,040,980		659,755
JHT
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents			5,709
Trade and other receivables			38,250
Inventoried supplies and prepaid expenses			10,976
Property and equipment			65,489
Right-of-use assets			5,385
Intangible assets			198,659
Other assets			23,887
Trade and other payables			(35,221)
Income tax receivable (payable)			(1,682)
Provisions			(19,919)
Other non-current liabilities			(444)
Long-term debt			(4,808)
Lease liabilities			(5,385)
Deferred tax liabilities			(55,367)
Total identifiable net assets			225,529
Total consideration transferred			309,304
Goodwill			83,775
Cash			309,304
Total consideration transferred			309,304	$ 309,300
Daseke
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents	46,242
Trade and other receivables	173,389
Inventoried supplies and prepaid expenses	20,997
Property and equipment	523,892
Right-of-use assets	107,676
Intangible assets	202,290
Other assets	3,093
Trade and other payables	(102,133)
Income tax receivable (payable)	8,669
Employee benefits	(194)
Provisions	(57,923)
Other non-current liabilities	(213)
Long-term debt	(314,670)
Lease liabilities	(107,676)
Deferred tax liabilities	(125,796)
Total identifiable net assets	377,643
Total consideration transferred	816,958
Goodwill	439,315
Cash	816,958
Total consideration transferred	816,958	$ 817,000
Others
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents	33,222		11,873
Trade and other receivables	32,563		39,650
Inventoried supplies and prepaid expenses	4,844		5,897
Property and equipment	66,191		174,850
Right-of-use assets	9,161		25,609
Intangible assets	52,104		80,807
Other assets			115
Trade and other payables	(24,872)		(28,884)
Income tax receivable (payable)	(824)		729
Other non-current liabilities			(44)
Lease liabilities	(9,161)		(25,609)
Deferred tax liabilities	(14,611)		(32,375)
Total identifiable net assets	148,617		252,618
Total consideration transferred	224,022		350,451
Goodwill	75,405		97,833
Cash	220,469		336,979
Contingent consideration	3,553		13,472
Total consideration transferred	$ 224,022		$ 350,451

Business Combinations - Summa_2

Business Combinations - Summary of Valuation Techniques Used For Measuring The Fair Value Of Material Assets Acquired Regarding UPS Freight (Details)	12 Months Ended
	Dec. 31, 2024
Land and buildings [member] | Market comparison technique and cost technique
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Valuation technique	Market comparison technique and cost technique: The valuation model considers market prices for comparable sites, when available, and considers depreciated replacement cost, which reflects adjustments for physical deterioration, when appropriate.
Land and buildings [member] | Market prices for comparable sites | Market comparison technique and cost technique
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Market prices for comparable sites
Land and buildings [member] | Average rebuild cost | Market comparison technique and cost technique
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Average rebuild cost
Customer Relationship [Member] | Excess earnings method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Valuation technique	Excess earnings method: The valuation model considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets.
Customer Relationship [Member] | Forecasts | Excess earnings method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Forecasted revenue attributable to existing customers and relationships
Customer Relationship [Member] | Annual Attrition Rate [Member] | Excess earnings method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Annual attrition rate
Customer Relationship [Member] | Forecasted Operating Margin [Member] | Excess earnings method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Forecasted operating margin
Customer Relationship [Member] | Discount Rate Measurement Input [Member] | Excess earnings method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Discount rate
Trademarks | Relief from Royalty Method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Valuation technique	Relief from royalty method: The valuation model considers the discounted estimated royalty payments that are expected to be avoided as a result of the trademarks being owned.
Trademarks | Forecasted revenue associated with the trademarks | Relief from Royalty Method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Forecasted revenue associated with the trademarks
Trademarks | Royalty rate | Relief from Royalty Method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Royalty rate
Trademarks | Discount rate | Relief from Royalty Method
Valuation techniques Used For Measuring The Fair Value Of Material Assets Acquired In Busniess Combination [Line Items]
Key inputs	Discount rate

Business Combinations - Schedul

Business Combinations - Schedule of Goodwill Arising in the Business Combinations Allocated to Operating Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Business Combinations [Line Items]
Goodwill allocated	$ 514,720	$ 181,608
Canadian Less-Than-Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Less-Than-Truckload
Goodwill allocated	$ 115	9,142
U.S. Less-Than-Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Less-Than-Truckload
Goodwill allocated	$ 31,058	3,376
Canadian Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Truckload
Goodwill allocated	$ 12,980	16,017
Specialized Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Truckload
Goodwill allocated	$ 468,618	43,080
Logistics
Disclosure Of Business Combinations [Line Items]
Reportable segment	Logistics
Goodwill allocated	$ 1,949	$ 109,993

Business combinations - Disclos

Business combinations - Disclosure Of Fair Value Of Certain Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Apr. 01, 2024	Dec. 31, 2023
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	$ 79,464		$ 17,582
Trade and other receivables	205,952		77,900
Inventoried supplies and prepaid expenses	25,841		16,873
Property and equipment	590,083		240,339
Right-of-use assets	116,837		30,994
Intangible assets	254,394		279,466
Other assets	3,093		24,002
Trade and other payables	(127,005)		(64,105)
Income tax (payable) receivable	7,845		(953)
Employee benefits	(194)
Provisions	(57,923)		(19,919)
Other non-current liabilities	(213)		(488)
Long-term debt	(314,670)		(4,808)
Lease liabilities	(116,837)		(30,994)
Deferred tax liabilities	(140,407)		(87,742)
Total identifiable net assets	526,260		478,147
Total consideration transferred	1,040,980		659,755
Goodwill	514,720		181,608
Cash	1,037,427		646,283
Total consideration transferred	1,040,980		$ 659,755
Daseke
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	46,242
Trade and other receivables	173,389
Inventoried supplies and prepaid expenses	20,997
Property and equipment	523,892
Right-of-use assets	107,676
Intangible assets	202,290
Other assets	3,093
Trade and other payables	(102,133)
Income tax (payable) receivable	8,669
Employee benefits	(194)
Provisions	(57,923)
Other non-current liabilities	(213)
Long-term debt	(314,670)
Lease liabilities	(107,676)
Deferred tax liabilities	(125,796)
Total identifiable net assets	377,643
Total consideration transferred	816,958
Goodwill	439,315
Cash	816,958
Total consideration transferred	816,958	$ 817,000
Provisional Fair Value Included in the Interim Financial Statements [Member] | Daseke
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	46,242
Trade and other receivables	173,389
Inventoried supplies and prepaid expenses	32,611
Property and equipment	577,825
Right-of-use assets	113,385
Intangible assets	60,233
Other assets	3,093
Trade and other payables	(100,716)
Income tax (payable) receivable	(58)
Employee benefits	(194)
Provisions	(54,681)
Other non-current liabilities	(213)
Long-term debt	(314,671)
Lease liabilities	(113,385)
Deferred tax liabilities	(96,434)
Total identifiable net assets	326,426
Total consideration transferred	816,958
Goodwill	490,532
Cash	816,958
Total consideration transferred	816,958
Measurement Period Adjustment [Member] | Daseke
Disclosure of detailed information about business combination [line items]
Inventoried supplies and prepaid expenses	(11,614)
Property and equipment	(53,933)
Right-of-use assets	(5,709)
Intangible assets	142,057
Trade and other payables	(1,417)
Income tax (payable) receivable	8,727
Provisions	(3,242)
Long-term debt	1
Lease liabilities	5,709
Deferred tax liabilities	(29,362)
Total identifiable net assets	51,217
Goodwill	(51,217)
Reassessed Fair Value [Member] | Daseke
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	46,242
Trade and other receivables	173,389
Inventoried supplies and prepaid expenses	20,997
Property and equipment	523,892
Right-of-use assets	107,676
Intangible assets	202,290
Other assets	3,093
Trade and other payables	(102,133)
Income tax (payable) receivable	8,669
Employee benefits	(194)
Provisions	(57,923)
Other non-current liabilities	(213)
Long-term debt	(314,670)
Lease liabilities	(107,676)
Deferred tax liabilities	(125,796)
Total identifiable net assets	377,643
Total consideration transferred	816,958
Goodwill	439,315
Cash	816,958
Total consideration transferred	$ 816,958

Trade and Other Receivables - S

Trade and Other Receivables - Summary of Detailed Information about Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Trade and other current receivables [abstract]
Trade receivables, net of expected credit loss	$ 893,659	$ 846,681
Other receivables	33,995	48,090
Trade and other receivables	$ 927,654	$ 894,771

Trade and Other Receivables - A

Trade and Other Receivables - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Trade and other current receivables [abstract]
Trade receivables included in transit revenue	$ 31.5	$ 32.4

Additional Cash Flow Informat_3

Additional Cash Flow Information - Summary of Net Change in Non-cash Operating Working Capital (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Information About Additional Cash Flow Information [Abstract]
Trade and other receivables	$ 145,432	$ 224,121
Inventoried supplies	8,101	6,533
Prepaid expenses	12,125	(11,648)
Trade and other payables	(154,092)	(112,375)
Increase (decrease) in working capital	$ 11,566	$ 106,631

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		$ 2,415,472
Other additions		393,301	$ 360,247
Depreciation		332,580	249,835
Ending balance		2,891,087	2,415,472
Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		3,334,548	2,873,326
Additions through business combinations		590,083	240,339
Other additions		393,301	360,247
Disposals		(188,417)	(136,955)
Reclassification to from assets held for sale		(75,935)	(33,066)
Reclassification between categories	[1]		0
Effect of movements in exchange rates		(121,130)	30,657
Ending balance		3,932,450	3,334,548
Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		(919,076)	(741,371)
Depreciation		332,580	249,835
Disposals		130,462	79,086
Reclassification to from assets held for sale		(30,463)	(5,950)
Reclassification between categories	[1]		0
Effect of movements in exchange rates		(49,368)	12,906
Ending balance		(1,041,363)	(919,076)
Land and Buildings
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,278,576
Ending balance		1,375,316	1,278,576
Land and Buildings | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,383,977	1,166,990
Additions through business combinations		115,405	145,204
Other additions		68,580	77,516
Disposals		(6,008)	(398)
Reclassification to from assets held for sale		(30,974)	(13,325)
Reclassification between categories	[1]		0
Effect of movements in exchange rates		(38,902)	7,990
Ending balance		1,492,078	1,383,977
Land and Buildings | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		(105,401)	(83,140)
Depreciation		25,222	21,841
Disposals		5,829	92
Reclassification to from assets held for sale		(2,237)	(1,003)
Reclassification between categories	[1]		0
Effect of movements in exchange rates		(5,795)	1,515
Ending balance		(116,762)	(105,401)
Rolling Stock
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,067,968
Ending balance		1,436,775	1,067,968
Rolling Stock | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,758,200	1,501,548
Additions through business combinations		465,400	91,870
Other additions		295,452	265,687
Disposals		(162,983)	(136,028)
Reclassification to from assets held for sale		(44,961)	(19,741)
Reclassification between categories	[1]		36,319
Effect of movements in exchange rates		(67,244)	18,545
Ending balance		2,243,864	1,758,200
Rolling Stock | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		(690,232)	(543,272)
Depreciation		286,817	210,523
Disposals		107,464	78,584
Reclassification to from assets held for sale		(28,226)	(4,947)
Reclassification between categories	[1]		11,089
Effect of movements in exchange rates		(34,270)	8,879
Ending balance		(807,089)	(690,232)
Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		68,928
Ending balance		78,996	68,928
Equipment | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		192,371	204,788
Additions through business combinations		9,278	3,265
Other additions		29,269	17,044
Disposals		(19,426)	(529)
Reclassification to from assets held for sale		0	0
Reclassification between categories	[1]		(36,319)
Effect of movements in exchange rates		(14,984)	4,122
Ending balance		196,508	192,371
Equipment | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		(123,443)	(114,959)
Depreciation		20,541	17,471
Disposals		17,169	410
Reclassification to from assets held for sale		0	0
Reclassification between categories	[1]		(11,089)
Effect of movements in exchange rates		(9,303)	2,512
Ending balance		$ (117,512)	$ (123,443)
[1] * Reclassification between categories had no impact on the depreciation of the reclassified property and equipment

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Property Plant And Equipment [Line Items]
Purchase of property and equipment	$ 392,819	$ 361,563	[1]
Rolling Stock
Disclosure Of Property Plant And Equipment [Line Items]
Property and equipment pledged as security	246,100	89,600
Trade and Other Payables
Disclosure Of Property Plant And Equipment [Line Items]
Purchase of property and equipment	$ 500	$ 0
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Right-of-Use Assets - Summary o

Right-of-Use Assets - Summary of Right-of-Use Assets (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		$ 425,630
Depreciation		169,505	$ 132,112
Ending balance		536,748	425,630
Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		882,531	784,631
Other additions		208,028	155,218
Additions through business combinations		116,837	30,994
Derecognition	[1]	(108,560)	(102,921)
Effect of movements in exchange rates		(60,490)	14,609
Ending balance		1,038,346	882,531
Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		456,901	402,991
Depreciation		169,505	132,112
Derecognition	[1]	(92,830)	(85,768)
Effect of movements in exchange rates		(31,978)	7,566
Ending balance		501,598	456,901
Land and Buildings
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		257,844
Ending balance		339,824	257,844
Land and Buildings | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		588,359	528,791
Other additions		116,440	74,580
Additions through business combinations		75,086	15,033
Derecognition	[1]	(41,580)	(39,674)
Effect of movements in exchange rates		(37,320)	9,629
Ending balance		700,985	588,359
Land and Buildings | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		330,515	286,256
Depreciation		82,112	66,877
Derecognition	[1]	(29,960)	(28,074)
Effect of movements in exchange rates		(21,506)	5,456
Ending balance		361,161	330,515
Rolling Stock
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		165,681
Ending balance		194,225	165,681
Rolling Stock | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		290,358	252,043
Other additions		90,876	79,690
Additions through business combinations		40,297	15,961
Derecognition	[1]	(66,563)	(62,276)
Effect of movements in exchange rates		(23,076)	4,940
Ending balance		331,892	290,358
Rolling Stock | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		124,677	114,971
Depreciation		85,897	64,340
Derecognition	[1]	(62,520)	(56,723)
Effect of movements in exchange rates		(10,387)	2,089
Ending balance		137,667	124,677
Equipment
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		2,105
Ending balance		2,699	2,105
Equipment | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		3,814	3,797
Other additions		712	948
Additions through business combinations		1,454	0
Derecognition	[1]	(417)	(971)
Effect of movements in exchange rates		(94)	40
Ending balance		5,469	3,814
Equipment | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		1,709	1,764
Depreciation		1,496	895
Derecognition	[1]	(350)	(971)
Effect of movements in exchange rates		(85)	21
Ending balance		$ 2,770	$ 1,709
[1] * Derecognized right-of-use assets include negotiated asset purchases and extinguishments resulting from accidents as well as fully amortized or end of term right-of-use assets.

Intangible Assets - Summary of

Intangible Assets - Summary of Reconciliation of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	$ 2,019,301
Ending balance	2,622,951	$ 2,019,301
Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	2,444,620	1,970,851
Additions through business combinations	769,114	461,074
Other additions	6,274	2,758
Extinguishments	(9,287)	(18,576)
Effect of movements in exchange rates	(110,176)	28,513
Ending balance	3,100,545	2,444,620
Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	425,319	378,741
Amortization for the year	79,984	60,028
Extinguishments	(9,287)	(18,576)
Effect of movements in exchange rates	(18,422)	5,126
Ending balance	477,594	425,319
Goodwill
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,483,077
Ending balance	1,921,608	1,483,077
Goodwill | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,562,129	1,359,345
Additions through business combinations	514,720	181,608
Other additions	0	0
Extinguishments	0	0
Effect of movements in exchange rates	(80,040)	21,176
Ending balance	1,996,809	1,562,129
Goodwill | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	79,052	78,012
Amortization for the year	0	0
Extinguishments	0	0
Effect of movements in exchange rates	(3,851)	1,040
Ending balance	75,201	79,052
Customer Relationships
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	470,367
Ending balance	549,422	470,367
Customer Relationships | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	757,195	513,697
Additions through business combinations	153,576	244,574
Other additions	0	0
Extinguishments	0	(7,203)
Effect of movements in exchange rates	(25,215)	6,127
Ending balance	885,556	757,195
Customer Relationships | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	286,828	244,252
Amortization for the year	61,406	46,629
Extinguishments	0	(7,203)
Effect of movements in exchange rates	(12,100)	3,150
Ending balance	336,134	286,828
Trademarks and other
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	37,553
Ending balance	124,222	37,553
Trademarks and other | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	62,672	42,680
Additions through business combinations	96,510	27,127
Other additions	0	0
Extinguishments	(4,432)	(7,820)
Effect of movements in exchange rates	(2,364)	685
Ending balance	152,386	62,672
Trademarks and other | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	25,119	27,050
Amortization for the year	8,408	5,461
Extinguishments	(4,432)	(7,820)
Effect of movements in exchange rates	(931)	428
Ending balance	28,164	25,119
Non-compete Agreements
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	11,446
Ending balance	10,607	11,446
Non-compete Agreements | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	23,319	20,007
Additions through business combinations	3,674	5,556
Other additions	0	0
Extinguishments	(1,515)	(2,524)
Effect of movements in exchange rates	(1,223)	280
Ending balance	24,255	23,319
Non-compete Agreements | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	11,873	10,130
Amortization for the year	3,869	4,099
Extinguishments	(1,515)	(2,524)
Effect of movements in exchange rates	(579)	168
Ending balance	13,648	11,873
Information Technology
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	16,858
Ending balance	17,092	16,858
Information Technology | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	39,305	35,122
Additions through business combinations	634	2,209
Other additions	6,274	2,758
Extinguishments	(3,340)	(1,029)
Effect of movements in exchange rates	(1,334)	245
Ending balance	41,539	39,305
Information Technology | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	22,447	19,297
Amortization for the year	6,301	3,839
Extinguishments	(3,340)	(1,029)
Effect of movements in exchange rates	(961)	340
Ending balance	$ 24,447	$ 22,447

Intangible Assets - Summary o_2

Intangible Assets - Summary of Aggregate Carrying Amounts of Goodwill Allocated to Each Units (Details) - Operating Segment - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	$ 1,921,608	$ 1,483,077
Package and Courier
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	167,264	182,120
Canadian Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	125,484	140,402
U.S. Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	34,802	3,375
Canadian Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	101,727	109,593
Specialized Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	1,055,530	599,292
Logistics
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	$ 436,801	$ 448,295

Intangible Assets - Summary o_3

Intangible Assets - Summary of Pre-tax Discount Rates (Details)	Dec. 31, 2024	Dec. 31, 2023
Package and Courier
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	11.80%	12%
Canadian Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	11.80%	12%
U.S. Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	11.20%	11.40%
Canadian Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	14.20%	14.40%
Specialized Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	13%	13.20%
Logistics
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	11.20%	11.40%

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Intangible Assets [Line Items]
Aggregate amount of indefinite intangible assets	$ 254,394	$ 279,466
Daseke
Disclosure Of Intangible Assets [Line Items]
Aggregate amount of indefinite intangible assets	202,290
Trademarks | Daseke
Disclosure Of Intangible Assets [Line Items]
Aggregate amount of indefinite intangible assets	$ 45,700
Discounted Cash Flow
Disclosure Of Intangible Assets [Line Items]
Debt leveraging interest rate	40%	40%
Market interest rate	9.40%	10.50%
Average growth rate	2.50%	2%
Terminal value growth rate	2%	2%

Investments - Disclosure Of Inv

Investments - Disclosure Of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	$ 22,097	$ 50,209
Level 1 Investment
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	4,669	31,557
Level 2 Investment
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	4,276	4,339
Level 3 Investment
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	$ 13,152	$ 14,313

Investments - Additional Inform

Investments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	[1]
Disclosure of Investments [Line Items]
Proceeds from sale of investments	$ 19,068	$ 89,225
Level 1 Investment
Disclosure of Investments [Line Items]
Proceeds from sale of investments	19,100
Realized gain (loss) on equity securities, net of tax	$ 7,200
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Trade and Other Payables - Summ

Trade and Other Payables - Summary of Trade and Other Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Trade and other payables [abstract]
Trade payables and accrued expenses	$ 430,585	$ 450,638
Personnel accrued expenses	170,621	187,522
Dividend payable	37,984	33,776
Trade and other payables	$ 639,190	$ 671,936

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Details) $ in Thousands, $ in Millions				12 Months Ended
	Mar. 22, 2024 USD ($)	Oct. 13, 2023 USD ($)	Aug. 21, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 CAD ($)	Dec. 31, 2022 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings				$ 2,402,881	$ 1,884,182		$ 1,315,757
Proceeds from borrowings, classified as financing activities				500,000	575,000
Property and equipment				2,891,087	2,415,472
Carrying value
Disclosure Of Detailed Information About Borrowings [Line Items]
Property and equipment				3,932,450	3,334,548		2,873,326
Rolling Stock
Disclosure Of Detailed Information About Borrowings [Line Items]
Property and equipment pledged as security				246,100	89,600
Property and equipment				1,436,775	1,067,968
Rolling Stock | Carrying value
Disclosure Of Detailed Information About Borrowings [Line Items]
Property and equipment				2,243,864	1,758,200		$ 1,501,548
Unsecured Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings	$ 500,000
Deferred financing fees	1,300
Repayments of current borrowings				$ 300,000
Additional credit availability	$ 500,000
Debt instrument interest rate				1.65%		1.65%
Unsecured Term Loan | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings maturity terms	1 year
Unsecured Term Loan | Bottom of Range | SOFR [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Credit facility, basis points	128%
Unsecured Term Loan | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings maturity terms	3 years
Unsecured Term Loan | Top of Range | SOFR [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Credit facility, basis points	190%
Unsecured Term Loan | United States of America, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings				$ 199,609	$ 0
Debt instrument interest rate				6.07%		6.07%
Year of maturity				2027
Unsecured Term Loan | Year One
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings	$ 100,000
Unsecured Term Loan | Year Two
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings	100,000
Unsecured Term Loan | Year Three
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings	$ 300,000
Unsecured Revolving Credit Facility
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability				$ 175,000
Unsecured Revolving Credit Facility | Canada, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability						$ 245
Debt instrument interest rate				5.10%	6.58%	5.10%
Unsecured Revolving Credit Facility | United States of America, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability						$ 5
Debt instrument interest rate				6.83%	6.60%	6.83%
New Unsecured Revolving Credit Facility
Disclosure Of Detailed Information About Borrowings [Line Items]
Term loan credit facility				$ 904,900	$ 951,400
Unsecured Debenture
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument effective rate					3.32%
Unsecured Debenture | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				3.32%	3.32%	3.32%
Unsecured Debenture | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				4.22%	4.22%	4.22%
Unsecured Debenture | Canada, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings				$ 0	$ 151,023
Year of maturity				2024
Unsecured Debenture | Canada, Dollars | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				3.32%		3.32%
Unsecured Debenture | Canada, Dollars | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				4.22%		4.22%
Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Deferred financing fees		$ 1,200	$ 100
Proceeds from borrowings, classified as financing activities		$ 500,000	75,000
Percentage of principal amount				100%		100%
Unsecured Senior Notes | Tranche One [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Proceeds from borrowings, classified as financing activities			$ 50,000
Year of maturity			August 19, 2035
Unsecured Senior Notes | Tranche Two [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Proceeds from borrowings, classified as financing activities			$ 25,000
Year of maturity			2038
Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings maturity terms		5 years
Debt instrument interest rate		6.27%	5.56%
Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings maturity terms		20 years
Debt instrument interest rate		7.11%	5.64%
Unsecured Senior Notes | United States of America, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings				$ 254,631	$ 254,376
Unsecured Senior Notes | United States of America, Dollars | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				2.89%		2.89%
Year of maturity				2026
Unsecured Senior Notes | United States of America, Dollars | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate				5.64%		5.64%
Year of maturity				2038

Long-term Debt - Summary of Con

Long-term Debt - Summary of Contractual Terms of Groups Interest-bearing Long-term Debt Measured at Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Non-current liabilities
Unsecured revolving facilities	$ 275,054	$ 22,166
Unsecured term loan	199,609	0
Unsecured senior notes	1,652,742	1,652,049
Conditional sales contracts	178,052	31,278
Other long-term debt	3,971	4,338
Non-current portion of non-current borrowings	2,309,428	1,709,831
Current liabilities
Current portion of unsecured debenture	0	151,023
Current portion of conditional sales contracts	93,087	22,974
Current portion of other long-term debt	366	354
Current borrowings and current portion of non-current borrowings	$ 93,453	$ 174,351

Long-term Debt - Summary of Ter

Long-term Debt - Summary of Terms and Conditions of Outstanding Long-term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Mar. 22, 2024	Dec. 31, 2023	Oct. 13, 2023	Aug. 21, 2023	Dec. 31, 2022
Disclosure Of Detailed Information About Borrowings [Line Items]
Carrying amount	$ 2,402,881		$ 1,884,182			$ 1,315,757
Unsecured Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.65%
Carrying amount		$ 500,000
Unsecured Debenture | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	4.22%		4.22%
Unsecured Debenture | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.32%		3.32%
Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate				7.11%	5.64%
Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate				6.27%	5.56%
Canada, Dollars | Unsecured Revolving Facility | CORRA
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.50%
Year of maturity	2026
Face value	$ 370,000		$ 30,400
Carrying amount	$ 255,812		21,239
Canada, Dollars | Unsecured Debenture
Disclosure Of Detailed Information About Borrowings [Line Items]
Year of maturity	2024
Face value	$ 0		200,000
Carrying amount	$ 0		151,023
Canada, Dollars | Unsecured Debenture | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	4.22%
Canada, Dollars | Unsecured Debenture | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.32%
Canada, Dollars | Conditional Sales Contracts
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 390,766		71,847
Carrying amount	$ 271,139		54,252
Canada, Dollars | Conditional Sales Contracts | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	7.40%
Year of maturity	2027
Canada, Dollars | Conditional Sales Contracts | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.45%
Year of maturity	2025
United States of America, Dollars | Unsecured Revolving Facility | SOFR
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.50%
Year of maturity	2026
Face value	$ 19,310		1,000
Carrying amount	$ 19,242		927
United States of America, Dollars | Unsecured Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	6.07%
Year of maturity	2027
Face value	$ 200,000		0
Carrying amount	199,609		0
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	255,000		255,000
Carrying amount	$ 254,631		254,376
United States of America, Dollars | Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	5.64%
Year of maturity	2038
United States of America, Dollars | Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	2.89%
Year of maturity	2026
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 500,000		500,000
Carrying amount	$ 499,273		499,100
United States of America, Dollars | Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.50%
Year of maturity	2036
United States of America, Dollars | Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.15%
Year of maturity	2029
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 200,000		200,000
Carrying amount	$ 199,719		199,665
United States of America, Dollars | Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.55%
Year of maturity	2034
United States of America, Dollars | Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	2.87%
Year of maturity	2029
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 200,000		200,000
Carrying amount	$ 199,846		199,808
United States of America, Dollars | Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.80%
Year of maturity	2037
United States of America, Dollars | Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.50%
Year of maturity	2032
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 500,000		500,000
Carrying amount	$ 499,273		499,100
United States of America, Dollars | Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	7.11%
Year of maturity	2043
United States of America, Dollars | Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	6.27%
Year of maturity	2028
United States of America, Dollars | Other Long-term Debt
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.04%
Year of maturity	2027
Face value	$ 4,337		4,692
Carrying amount	$ 4,337		$ 4,692

Long-term Debt - Summary of Cha

Long-term Debt - Summary of Changes to Long-term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Balance at beginning of year	$ 1,884,182	$ 1,315,757
Proceeds from long-term debt	500,000	575,000
Business combinations	314,670	4,808
Repayment of long-term debt	(536,700)	(41,371)
Net increase in revolving facilities	261,783	25,242
Amortization of deferred financing fees	2,170	1,337
Effect of movements in exchange rates	(159,433)	41,322
Effect of movements in exchange rates - OCI hedge	136,209	(37,913)
Balance at end of year	$ 2,402,881	$ 1,884,182

Long-term Debt - Summary of Pri

Long-term Debt - Summary of Principal Installments of Other Long-Term Debt Payable during the Subsequent Years (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	$ 2,406,517
Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	93,453
1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	1,320,338
More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	992,726
Unsecured Revolving Facility
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	276,040
Unsecured Revolving Facility | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	0
Unsecured Revolving Facility | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	276,040
Unsecured Revolving Facility | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	0
Unsecured Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	200,000
Unsecured Term Loan | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	0
Unsecured Term Loan | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	200,000
Unsecured Term Loan | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	0
Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	1,655,000
Unsecured Senior Notes | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	0
Unsecured Senior Notes | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	665,000
Unsecured Senior Notes | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	990,000
Conditional Sales Contracts
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	271,140
Conditional Sales Contracts | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	93,087
Conditional Sales Contracts | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	175,327
Conditional Sales Contracts | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	2,726
Other Long-term Debt
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	4,337
Other Long-term Debt | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	366
Other Long-term Debt | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	3,971
Other Long-term Debt | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	$ 0

Lease Liabilities - Summary of

Lease Liabilities - Summary of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lease liabilities [abstract]
Current portion of lease liabilities	$ 152,449	$ 127,397
Long-term portion of lease liabilities	421,213	332,761
Lease liabilities	$ 573,662	$ 460,158	$ 413,039

Lease Liabilities - Summary o_2

Lease Liabilities - Summary of Changes to Lease Liabilities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Lease liabilities [abstract]
Balance at beginning of year		$ 460,158	$ 413,039
Business combinations		116,837	30,994
Additions		208,028	155,218
Derecognition	[1]	(15,625)	(18,635)
Repayment		(165,350)	(128,107)
Effect of movements in exchange rates		(30,386)	7,649
Balance at end of year		$ 573,662	$ 460,158
[1] Derecognized lease liabilities include negotiated asset purchases and extinguishments resulting from accidents.

Lease Liabilities - Additional

Lease Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Lease liabilities [abstract]
Incremental borrowing rate	5.17%	5.44%
Lease liabilities include future lease payments	$ 7.3	$ 7.9
Increase in lease liabilities	441.2	375
Expense related to variable lease payments	26.2	21.9
Sub leasing right-of-use assets	21.1	15.7
Lease expenses	$ 41.3	$ 36.8

Lease Liabilities - Summary o_3

Lease Liabilities - Summary of Contractual Cash Flow Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	$ 654,734
Less than 1 Year
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	176,039
Between 1 and 5 Years
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	361,122
More than 5 Years
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	$ 117,573

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Participants Employee	Dec. 31, 2023 USD ($) Participants Employee
Disclosure Of Defined Benefit Plans [Line Items]
Number of employees sponsored under defined benefit pension plans | Employee	1	1
Estimate of contributions expected to be paid to plan for next annual reporting period	$ 84.8
Contributions to multi-employer plans expensed amount	$ 10	$ 3.5
TForce Freight pension plans
Disclosure Of Defined Benefit Plans [Line Items]
Number of employees active participation under defined benefit pension plan | Participants	6,124	6,895
TForce Freight pension plans
Disclosure Of Defined Benefit Plans [Line Items]
Weighted-average duration of defined benefit obligation	16 years 3 months 18 days
TFI International pension plans
Disclosure Of Defined Benefit Plans [Line Items]
Weighted-average duration of defined benefit obligation	9 years 6 months

Employee Benefits - Summary of

Employee Benefits - Summary of Information about Group's Defined Benefit Pension Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of defined benefit plans [line items]
Defined benefit obligation	$ 267,801	$ 226,372	$ 164,299	$ 160,780	$ 35,529
Fair value of plan assets	(197,345)	(173,141)	(168,658)	(93,903)	(21,147)
Net defined benefit liability (asset)	70,456	53,231	$ (4,359)	$ 66,877	$ 14,382
TFI International pension plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation	14,938	13,999
Fair value of plan assets	(366)	(200)
Net defined benefit liability (asset)	14,572	13,799
TForce Freight pension plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation	252,863	212,373
Fair value of plan assets	(196,979)	(172,941)
Net defined benefit liability (asset)	$ 55,884	$ 39,432

Employee Benefits - Summary o_2

Employee Benefits - Summary of Plan Assets (Details)	Dec. 31, 2024	Dec. 31, 2023
TFI International pension plans
Disclosure of defined benefit plans [line items]
Equity securities	0%	14%
Other	100%	86%
TForce Freight pension plans
Disclosure of defined benefit plans [line items]
Equity securities	95%	95%
Debt securities	5%	5%

Employee Benefits - Summary o_3

Employee Benefits - Summary of Movement in Present Value of Accrued Benefit Obligation for Defined Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	$ 226,372	$ 164,299
Current service cost	56,223	58,537
Interest cost	11,645	8,129
Benefits paid	(2,749)	(13,971)
Remeasurement (gain) loss arising from:
- Demographic	3,143	1,017
- Financial assumptions	(29,381)	7,869
- Experience	3,704	89
Settlement	0	57
Effect of movements in exchange rates	(1,156)	346
Defined benefit obligation, end of year	267,801	226,372
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	13,999	20,189
Current service cost	474	382
Interest cost	638	787
Benefits paid	0	(10,139)
Remeasurement (gain) loss arising from:
- Demographic	0	0
- Financial assumptions	141	566
- Experience	839	1,849
Settlement	0	28
Effect of movements in exchange rates	(1,153)	337
Defined benefit obligation, end of year	14,938	13,999
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	212,373	144,110
Current service cost	55,749	58,155
Interest cost	11,007	7,342
Benefits paid	(2,749)	(3,832)
Remeasurement (gain) loss arising from:
- Demographic	3,143	1,017
- Financial assumptions	(29,522)	7,303
- Experience	2,865	(1,760)
Settlement	0	29
Effect of movements in exchange rates	(3)	9
Defined benefit obligation, end of year	$ 252,863	$ 212,373

Employee Benefits - Summary o_4

Employee Benefits - Summary of Movement in Fair Value of Plan Assets for Defined Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	$ 173,141	$ 168,658
Interest income	11,645	8,129
Plan administration expenses	1,981	1,667
Settlement	0	57
Effect of movements in exchange rates	(1,156)	346
Fair value of plan assets, end of year	197,345	173,141
TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Interest income	638	787
Plan administration expenses	0	44
Settlement	0	28
Effect of movements in exchange rates	(1,153)	337
TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Interest income	11,007	7,342
Plan administration expenses	1,981	1,623
Settlement	0	29
Effect of movements in exchange rates	(3)	9
Plan Assets
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	173,141	168,658
Interest income	9,043	8,374
Employer contributions	19,984	37
Benefits paid	(2,749)	(13,971)
Fair value remeasurement	(39)	11,651
Plan administration expenses	(1,981)	(1,667)
Effect of movements in exchange rates	(54)	59
Fair value of plan assets, end of year	197,345	173,141
Plan Assets | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	200	10,214
Interest income	8	250
Employer contributions	(16)	37
Benefits paid	0	(10,139)
Fair value remeasurement	193	(165)
Plan administration expenses	0	(44)
Effect of movements in exchange rates	(19)	47
Fair value of plan assets, end of year	366	200
Plan Assets | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	172,941	158,444
Interest income	9,035	8,124
Employer contributions	20,000	0
Benefits paid	(2,749)	(3,832)
Fair value remeasurement	(232)	11,816
Plan administration expenses	(1,981)	(1,623)
Effect of movements in exchange rates	(35)	12
Fair value of plan assets, end of year	$ 196,979	$ 172,941

Employee Benefits - Summary o_5

Employee Benefits - Summary of Expense Recognized in Income or Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of defined benefit plans [line items]
Current service cost	$ 56,223	$ 58,537
Net interest cost	2,602	(245)
Plan administration expenses	1,981	1,667
Net settlement	0	57
Pension expense	60,806	60,016
Actual return on plan assets	9,004	20,025
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Current service cost	474	382
Net interest cost	630	537
Plan administration expenses	0	44
Net settlement	0	28
Pension expense	1,104	991
Actual return on plan assets	201	85
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Current service cost	55,749	58,155
Net interest cost	1,972	(782)
Plan administration expenses	1,981	1,623
Net settlement	0	29
Pension expense	59,702	59,025
Actual return on plan assets	$ 8,803	$ 19,940

Employee Benefits - Summary o_6

Employee Benefits - Summary of Actuarial Losses Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of defined benefit plans [line items]
Recognized during the year	$ (22,495)	$ (2,676)
Recognized during the year, net of tax	(16,809)	(2,016)
Accumulated unrealized loss on employee benefit plans
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	(69,043)	(66,367)
Amount accumulated in retained earnings, end of year	(91,538)	(69,043)
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	11,451	8,871
Recognized during the year	787	2,580
Amount accumulated in retained earnings, end of year	12,238	11,451
Recognized during the year, net of tax	580	1,902
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	(80,494)	(75,238)
Recognized during the year	(23,282)	(5,256)
Amount accumulated in retained earnings, end of year	(103,776)	(80,494)
Recognized during the year, net of tax	$ (17,389)	$ (3,918)

Employee Benefits - Summary o_7

Employee Benefits - Summary of Significant Actuarial Assumptions Used (Expressed as Weighted Average) (Details)	Dec. 31, 2024	Dec. 31, 2023
Accrued Benefit Obligation | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	4.70%	4.80%
Future salary increases		3%
Accrued Benefit Obligation | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5.70%	5%
Future salary increases	2%	2%
Employee Benefit Expense | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5%	5%
Rate of return on plan assets at January 1	5%	5%
Future salary increases		3%
Employee Benefit Expense | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5.70%	5%
Rate of return on plan assets at January 1	5.70%	5%
Future salary increases	2%	2%

Employee Benefits - Summary o_8

Employee Benefits - Summary of Current Longevities Underlying Value of Liabilities in Defined Benefit Plans (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Longevity at Age 65 for Current Pensioners | Males | TFI International Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	22 years 4 months 24 days	22 years 3 months 18 days
Longevity at Age 65 for Current Pensioners | Males | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	19 years 10 months 24 days	19 years 1 month 6 days
Longevity at Age 65 for Current Pensioners | Females | TFI International Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	25 years	25 years
Longevity at Age 65 for Current Pensioners | Females | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	21 years 10 months 24 days	22 years
Longevity at Age 65 for Current Members Aged 45 | Males | TFI International Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	23 years 9 months 18 days	23 years 9 months 18 days
Longevity at Age 65 for Current Members Aged 45 | Males | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	21 years 6 months	20 years 7 months 6 days
Longevity at Age 65 for Current Members Aged 45 | Females | TFI International Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	26 years 4 months 24 days	26 years 3 months 18 days
Longevity at Age 65 for Current Members Aged 45 | Females | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	23 years 4 months 24 days	23 years 4 months 24 days

Employee Benefits - Summary o_9

Employee Benefits - Summary of Impact of Changes of Major Assumptions on Defined Benefit Obligation (Details) - Discount Rate (1% Movement) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase	$ (38,006)	$ (34,520)
Decrease	$ 48,004	$ 44,102

Employee Benefits - Summary _10

Employee Benefits - Summary of Historical Information of Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Surplus (deficit) in plan [abstract]
Defined benefit obligation	$ 267,801	$ 226,372	$ 164,299	$ 160,780	$ 35,529
Fair value of plan assets	(197,345)	(173,141)	(168,658)	(93,903)	(21,147)
Net defined benefit liability (asset)	70,456	53,231	(4,359)	66,877	14,382
Experience adjustments arising on plan obligations	(22,534)	8,975	(112,739)	5,823	3,220
Experience adjustments arising on plan assets	$ (39)	$ 11,651	$ (27,473)	$ 310	$ 1,129

Provisions - Summary of Provisi

Provisions - Summary of Provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Provisions [Line Items]
Beginning balance	$ 159,900	$ 175,639
Additions through business combinations	57,923	19,919
Provisions made during the year	174,349	172,213
Provisions used during the year	(144,904)	(181,726)
Provisions reversed during the year	(15,923)	(23,785)
Unwind of discount on long-term provisions	(550)	(2,666)
Effect of movements in exchange rates	(1,112)	306
Ending balance	229,683	159,900
Current provisions	87,572	66,565
Non-current provisions	142,111	93,335
Self Insurance
Provisions [Line Items]
Beginning balance	123,645	96,251
Additions through business combinations	51,813	16,364
Provisions made during the year	141,645	159,276
Provisions used during the year	(104,716)	(129,089)
Provisions reversed during the year	(14,553)	(16,705)
Unwind of discount on long-term provisions	(550)	(2,666)
Effect of movements in exchange rates	(938)	214
Ending balance	196,346	123,645
Current provisions	71,894	46,940
Non-current provisions	124,452	76,705
Other
Provisions [Line Items]
Beginning balance	36,255	79,388
Additions through business combinations	6,110	3,555
Provisions made during the year	32,704	12,937
Provisions used during the year	(40,188)	(52,637)
Provisions reversed during the year	(1,370)	(7,080)
Unwind of discount on long-term provisions	0	0
Effect of movements in exchange rates	(174)	92
Ending balance	33,337	36,255
Current provisions	15,678	19,625
Non-current provisions	$ 17,659	$ 16,630

Provisions - Additional Informa

Provisions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other provisions [line items]
Discount rate of provision	4.38%	3.84%
Other provisions	$ 229,683	$ 159,900	$ 175,639
Litigation provision [Member]
Disclosure of other provisions [line items]
Other provisions	17,700	16,600
Environmental remediation liabilities [Member]
Disclosure of other provisions [line items]
Other provisions	$ 3,500	$ 9,700

Deferred Tax Assets and Liabi_3

Deferred Tax Assets and Liabilities - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred tax liabilities	$ (507,521)	$ (412,627)
Deferred tax assets	13,724	20,615
Deferred tax liabilities	(521,245)	(433,242)
Property and Equipment
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	(467,144)	(382,208)	$ (360,111)
Intangible Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	(163,616)	(127,547)	(72,032)
Right-of-use assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	9,414	8,600
Employee Benefits
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	26,324	26,510	23,111
Provisions
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	77,814	51,458	53,818
Tax Losses
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	8,380	10,054	$ 5,686
Other
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	$ 1,307	$ 506

Deferred Tax Assets and Liabi_4

Deferred Tax Assets and Liabilities - Summary of Movement in Temporary Differences (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Property and Equipment
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	$ (382,208)	$ (360,111)
Deferred tax expense recognized in income or loss	26,249	8,637
Deferred tax recognized in directly in equity	7,383	(3,233)
Acquired in business combinations	(118,568)	(27,501)
Ending Balance	(467,144)	(382,208)
Intangible Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	(127,547)	(72,032)
Deferred tax expense recognized in income or loss	10,318	10,870
Deferred tax recognized in directly in equity	1,476	(798)
Acquired in business combinations	(47,863)	(65,587)
Ending Balance	(163,616)	(127,547)
Long-Term Debt
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	8,600	7,497
Deferred tax expense recognized in income or loss	1,190	660
Deferred tax recognized in directly in equity	(415)	443
Acquired in business combinations	39
Ending Balance	9,414	8,600
Employee Benefits
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	26,510	23,111
Deferred tax expense recognized in income or loss	8,591	5,119
Deferred tax recognized in directly in equity	(8,777)	(1,720)
Ending Balance	26,324	26,510
Provisions
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	51,458	53,818
Deferred tax expense recognized in income or loss	(957)	(5,399)
Deferred tax recognized in directly in equity	1,983	(2,303)
Acquired in business combinations	25,330	5,342
Ending Balance	77,814	51,458
Tax Losses
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	10,054	5,686
Deferred tax expense recognized in income or loss	(1,624)	2,953
Deferred tax recognized in directly in equity	(705)	1,411
Acquired in business combinations	655	4
Ending Balance	8,380	10,054
Other
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	506	892
Deferred tax expense recognized in income or loss	(866)	(396)
Deferred tax recognized in directly in equity	1,667	10
Ending Balance	1,307	506
Net Deferred Tax Liabilities
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	(412,627)	(341,139)
Deferred tax expense recognized in income or loss	42,901	22,444
Deferred tax recognized in directly in equity	2,612	(6,190)
Acquired in business combinations	(140,407)	(87,742)
Ending Balance	$ (507,521)	$ (412,627)

Deferred Tax Assets and Liabi_5

Deferred Tax Assets and Liabilities - Additional Information (Details)	Dec. 31, 2024 USD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]
Capital losses for which no deferred tax assets has been recognized	$ 148,000,000
Temporary differences arising from investments in subsidiaries for which deferred tax liabilities not recognised	$ 0

Share Capital and Other Compo_3

Share Capital and Other Components of Equity - Additional Information (Details)			12 Months Ended
	Apr. 15, 2025	Feb. 15, 2025 USD ($) $ / shares	Dec. 31, 2024 USD ($) Vote $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Nov. 01, 2024 shares	Dec. 31, 2022 shares
Share Capital And Other Components Of Equity [Line Items]
Number of shares issued				84,441,733		86,539,559
Common Shares
Share Capital And Other Components Of Equity [Line Items]
Common stock voting rights (vote per share) | Vote			1
Number of shares issued			84,408,437	84,441,733		86,539,559
Excess of purchase price charged to retained earnings as share repurchase premium | $			$ 70,700,000	$ 259,700,000
Quarterly dividends declared per share | $ / shares			$ 1.65	$ 1.45
Dividend payables | $			$ 139,500,000	$ 124,300,000
Dividend payable date	Apr. 15, 2025
Dividend payable of record date			Mar. 31, 2025
Common Shares | Normal Course Issuer Bid
Share Capital And Other Components Of Equity [Line Items]
Number of shares repurchased			545,305	2,609,900
Weighted average price per share repurchased common shares | $ / shares			$ 140.5	$ 110.36
Total purchase price of common shares | $			$ 76,600,000	$ 288
Common Shares | Events After Reporting Period
Share Capital And Other Components Of Equity [Line Items]
Quarterly dividends declared per share | $ / shares		$ 0.45
Dividend payables | $		$ 37,900,000
Common Shares | Events After Reporting Period | Normal Course Issuer Bid
Share Capital And Other Components Of Equity [Line Items]
Authorized to repurchase for cancellation of shares					7,918,102
Number of shares repurchased and cancelled			295,205

Share Capital and Other Compo_4

Share Capital and Other Components of Equity - Summary of Number of Common Shares Issued (Details) - Common Shares - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Classes Of Share Capital [Line Items]
Balance, beginning of year	84,441,733	86,539,559
Repurchase and cancellation of own shares	(545,305)	(2,609,900)
Stock options exercised	512,009	512,074
Balance, end of period	84,408,437	84,441,733

Share Capital and Other Compo_5

Share Capital and Other Components of Equity - Summary of Share Capital Issued and Fully Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Number of shares issued [abstract]
Balance, beginning of year	$ 1,107,290	$ 1,089,229
Repurchase and cancellation of own shares	(5,929)	(28,303)
Cash consideration of stock options exercised	13,523	12,777
Ascribed value credited to share capital on stock options exercised, net of tax	2,985	4,402
Issuance of shares on settlement of RSUs and PSUs, net of tax	17,631	29,185
Balance, end of year	$ 1,135,500	$ 1,107,290

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic Earnings Per Share and Weighted Average Number of Common Shares Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per share [abstract]
Net income	$ 422,484	$ 504,877	[1]
Balance, beginning of year	84,441,733	86,539,559
Effect of stock options exercised	285,606	340,802
Effect of repurchase of own shares	(175,763)	(972,615)
Weighted average number of common shares	84,551,576	85,907,746
Earnings per share – basic (in dollars)	$ 5	$ 5.88
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Diluted Earnings Per Share and Weighted Average Number of Common Shares Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per share [abstract]
Net income	$ 422,484	$ 504,877	[1]
Weighted average number of common shares	84,551,576	85,907,746
Dilutive effect of Stock options and restricted share units	691,532	1,147,023
Weighted average number of diluted common shares	85,243,108	87,054,769
Earnings per share - diluted (in dollars)	$ 4.96	$ 5.8
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per share [abstract]
Stock options excluded from the calculation of diluted earnings per share	0	0

Share Based Payment Arrangement

Share Based Payment Arrangements - Additional Information (Details) $ / shares in Units, $ in Millions					12 Months Ended
		Feb. 08, 2024 Party Decimal $ / shares	Apr. 26, 2023 Party $ / shares	Feb. 06, 2023 Decimal Party $ / shares	Dec. 31, 2024 USD ($) shares $ / shares	Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Weighted average share price at the date of exercise for stock options exercised | $ / shares					$ 141.69	$ 123.72
Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of options, Options outstanding					252,736	726,572
Stock Option Plan (Equity-settled)
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Maximum number of shares issuable upon exercise of options granted					5,979,201
Share-based compensation award, vesting period					3 years
Compensation expense | $					$ 0	$ 0.2
Number of share options granted					0	0
Deferred Share Unit
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Share-based compensation award, vesting period					1 year
Mark-to-market gain (loss) in personnel expenses | $						$ 4.5
Liabilities from share-based payment transactions | $					$ 2.9	35.8
Deferred Share Unit | Trade and Other Payables
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Liabilities from share-based payment transactions | $						2.9
Restricted Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $					$ 6.2	$ 6
Number of equity instruments granted	[1]				51,000	63,000
Weighted average price per share repurchased common shares | $ / shares					$ 134.64	$ 115.13
Share repurchase premium | $					$ 10.4	$ 18.3
Number of outstanding instruments					158,000	192,000	272,000
Number of other equity instruments exercised or vested in share-based payment arrangement					82,000	145,000
Number of other equity instruments forfeited in share-based payment arrangement					5,000	2,000
Restricted Share Units | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Party		45,850	7,632	55,400
Fair value of RSU granted, per unit | $ / shares		$ 135	$ 117.85	$ 115.51
Restricted Share Units | Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments					103,872	116,368
Restricted Share Units | Key Management Personnel | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Party		30,842	7,632	38,275
Performance Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $					$ 4.9	$ 7.3
Number of equity instruments granted					46,000	55,000
Weighted average price per share repurchased common shares | $ / shares					$ 133.74	$ 115.13
Share repurchase premium | $					$ 19.8	$ 36.8
Number of outstanding instruments					155,000	184,000	261,000
Number of other equity instruments exercised or vested in share-based payment arrangement					135,000	267,000
Number of other equity instruments forfeited in share-based payment arrangement					5,000	3,000
Performance Share Units | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Decimal		45,850		55,400
Fair value of RSU granted, per unit | $ / shares		$ 156.17		$ 135.15
Performance Share Units | Equity Incentive Plan | Monte Carlo simulation model [Member]
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Fair value of PSU granted per share | $ / shares		$ 151.44		$ 124.75
Performance Share Units | Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments					103,872	116,368
Performance Share Units | Key Management Personnel | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Decimal		30,842		38,275
Director Compensation Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $					$ 2.2	$ 1.1
[1] Granted RSUs include the conversion of units of Daseke employees ( 5,182 RSUs)

Share Based Payment Arrangeme_2

Share Based Payment Arrangements - Summary of Changes in Outstanding Stock Options (Details) - Stock Options shares in Thousands	12 Months Ended
	Dec. 31, 2024 shares $ / shares	Dec. 31, 2023 shares $ / shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of options, beginning of year | shares	790	1,302
Number of options, Exercised | shares	(512)	(512)
Number of options, end of year | shares	278	790
Number of options, Options exercisable, end of year | shares	278	790
Weighted average exercise price, beginning of year | $ / shares	$ 29.17	$ 27.89
Weighted average exercise price, Exercised | $ / shares	27.93	25.92
Weighted average exercise price, end of year | $ / shares	31.44	29.17
Weighted average exercise price, Options exercisable, end of year | $ / shares	$ 31.44	$ 29.17

Share Based Payment Arrangeme_3

Share Based Payment Arrangements - Summary of Information about Stock Options Outstanding and Exercisable (Details) - Stock Options - shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	278	790	1,302
Weighted average remaining contractual life (in years)	1 year 3 months 18 days
Number of options, Options exercisable	278	790
Exercise Price 23.70
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	6
Weighted average remaining contractual life (in years)	1 month 6 days
Exercise Price 30.71
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	246
Weighted average remaining contractual life (in years)	1 year 2 months 12 days
Exercise Price 40.41
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	26
Weighted average remaining contractual life (in years)	2 years 7 months 6 days

Share Based Payment Arrangeme_4

Share Based Payment Arrangements - Schedule of Deferred Share Unit Plan for Board Members (Details) - Deferred Share Unit - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of Deferred Share Unit Plan for Board Members [line items]
Balance, beginning of year	0	310,128,000
Paid	0	(313,312)
Forfeited	0	(170)
Dividends paid in units	0	3,354
Balance, end of year	0	0

Share Based Payment Arrangeme_5

Share Based Payment Arrangements - Summary of Changes to Outstanding RSUs (Details) - Restricted Share Units shares in Thousands		12 Months Ended
		Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Balance, beginning of year | shares		192	272
Number of equity instruments, Granted | shares	[1]	51	63
Number of equity instruments, Reinvested | shares		2	4
Number of equity instruments, Settled | shares		(82)	(145)
Number of equity instruments, Forfeited | shares		(5)	(2)
Number of equity instruments, Balance, end of year | shares		158	192
Weighted average grant date fair value, Balance, beginning of year | $		$ 93.62	$ 58.33
Weighted average grant date fair value, Granted | $	[1]	137.21	115.81
Weighted average grant date fair value, Reinvested | $		104.17	74.69
Weighted average grant date fair value, Settled | $		77.79	36.87
Weighted average grant date fair value, Forfeited | $		115.83	69.92
Weighted average grant date fair value, Balance, end of year | $		$ 115.34	$ 93.62
[1] Granted RSUs include the conversion of units of Daseke employees ( 5,182 RSUs)

Share Based Payment Arrangeme_6

Share Based Payment Arrangements - Summary of Changes to Outstanding RSUs (Parenthetical) (Details) - Restricted Share Units - shares shares in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of equity instruments granted	[1]	51	63
Daseke
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of equity instruments granted		5,182
[1] Granted RSUs include the conversion of units of Daseke employees ( 5,182 RSUs)

Share Based Payment Arrangeme_7

Share Based Payment Arrangements - Summary of Information about RSUs Outstanding (Details) - Restricted Share Units shares in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments	158	192	272
Weighted average remaining contractual life (in years)	1 year
98.27
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 98.27
Number of outstanding instruments	55
Weighted average remaining contractual life (in years)	1 month 6 days
157.51
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 157.51
Number of outstanding instruments	2
Weighted average remaining contractual life (in years)	1 year
115.51
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 115.51
Number of outstanding instruments	54
Weighted average remaining contractual life (in years)	1 year 1 month 6 days
157.51
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 157.51
Number of outstanding instruments	1
Weighted average remaining contractual life (in years)	1 year 2 months 12 days
135.00
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 135
Number of outstanding instruments	45
Weighted average remaining contractual life (in years)	2 years 1 month 6 days

Share Based Payment Arrangeme_8

Share Based Payment Arrangements - Summary of Changes to Outstanding PSUs (Details) - Performance Share Units shares in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Balance, beginning of year | shares	184	261
Number of equity instruments, Granted | shares	46	55
Number of equity instruments, Reinvested | shares	1	4
Number of equity instruments, Settled | shares	(135)	(267)
Added due to performance conditions | shares	64	134
Number of equity instruments, Forfeited | shares	(5)	(3)
Number of equity instruments, Balance, end of year | shares	155	184
Weighted average grant date fair value, Balance, beginning of year | $	$ 106.17	$ 62.87
Weighted average grant date fair value, Granted | $	156.17	135.15
Weighted average grant date fair value, Reinvested | $	106.72	84.93
Weighted average grant date fair value, Settled | $	89.87	32.7
Added due to performance conditions | $	89.87	32.93
Weighted average grant date fair value, Forfeited | $	129.43	109.61
Weighted average grant date fair value, Balance, end of year | $	$ 127.72	$ 106.17

Share Based Payment Arrangeme_9

Share Based Payment Arrangements - Summary of Information about PSUs Outstanding (Details) - Performance Share Units shares in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments	155	184	261
Weighted average remaining contractual life (in years)	1 year
100.43
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 100.43
Number of outstanding instruments	57
Weighted average remaining contractual life (in years)	1 month 6 days
135.15
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 135.15
Number of outstanding instruments	53
Weighted average remaining contractual life (in years)	1 year 1 month 6 days
156.17
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 156.17
Number of outstanding instruments	45
Weighted average remaining contractual life (in years)	2 years 1 month 6 days

Materials and Services Expens_3

Materials and Services Expenses - Summary of Materials and Services Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Material income and expense [abstract]
Independent contractors	$ 2,902,226	$ 2,805,924
Vehicle operation expenses	1,268,909	999,922
Total materials and services expenses	$ 4,171,135	$ 3,805,846

Personnel Expenses - Summary of

Personnel Expenses - Summary of Personnel Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Classes of employee benefits expense [abstract]
Short-term employee benefits	$ 2,392,249	$ 2,007,954
Contributions to defined contribution plans	9,011	8,399
Current and past service costs related to defined benefit plans	56,223	58,537
Termination benefits	27,758	16,743
Equity-settled share-based payment transactions	11,074	13,451
Cash-settled share-based payment transactions	0	4,538
Personnel expenses	$ 2,496,315	$ 2,109,622

Finance Income and Finance Co_3

Finance Income and Finance Costs - Summary of Finance Income and Finance Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Finance Income And Finance Costs [Abstract]
Interest expense on long-term debt and amortization of deferred financing fees	$ 127,062	$ 59,432
Interest expense on lease liabilities	24,904	16,042
Interest income and accretion on promissory note	(7,723)	(8,121)
Net change in fair value and accretion expense of contingent considerations	(6,037)	165
Net foreign exchange loss (gain)	3,786	(491)
Other financial expenses	16,247	13,844
Net finance costs	158,239	80,871
Finance income	(13,760)	(8,612)
Finance costs	$ 171,999	$ 89,483

Income Tax Expense - Summary of

Income Tax Expense - Summary of Income Tax Recognized in Income or Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Current period	$ 179,142	$ 192,388
Adjustment for prior periods	1,998	1,943
Total	181,140	194,331
Origination and reversal of temporary differences	(39,578)	(20,102)
Variation in tax rate	(1,053)	1,551
Adjustment for prior periods	(2,270)	(3,893)
Total	(42,901)	(22,444)
Income tax expense	$ 138,239	$ 171,887

Income Tax Expense - Summary _2

Income Tax Expense - Summary of Income Tax Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income tax relating to components of other comprehensive income [abstract]
Foreign currency translation differences, Before tax	$ 5,675	$ (881)
Defined benefit plan remeasurement gains, Before tax	22,495	2,676
Gain (Loss) on net investment hedge, Before tax	(135,112)	37,913
Change in fair value of investment in equity securities, Before tax	(7,962)	8,383
Income tax recognized in other comprehensive income, before tax	(114,904)	48,091
Defined benefit plan remeasurement gains (losses), Tax (expenses) benefit	5,686	660
Loss on net investment hedge, Tax (Benefit) expenses	977	(1,792)
Change in fair value of investment in equity securities, Tax (benefit) expenses	146	1,102
Income tax recognized in other comprehensive income, Tax (expense) benefit	6,809	(30)
Foreign currency translation differences net of tax	5,675	(881)
Defined benefit plan remeasurement gains (losses) net of tax	16,809	2,016
Loss on net investment hedge net of tax	(136,089)	39,705
Change in fair value of investment in equity securities net of tax	(8,108)	7,281
Other comprehensive (loss) income , net of tax	$ (121,713)	$ 48,121

Income Tax Expense - Summary _3

Income Tax Expense - Summary of Reconciliation of Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
In Dollars
Income before income tax	$ 560,723	$ 676,764
Income tax using the Company's statutory tax rate	148,592	179,342
Rate differential between jurisdictions	200	548
Variation in tax rate	(1,053)	1,551
Non deductible expenses	6,839	2,005
Tax deductions and tax exempt income	(17,021)	(14,909)
Adjustment for prior years	(272)	(1,950)
Multi-jurisdiction tax	954	5,300
Income tax expense	$ 138,239	$ 171,887
In Percent
Income tax using the Company's statutory tax rate	26.50%	26.50%
Rate differential between jurisdictions	0%	0.10%
Variation in tax rate	(0.20%)	0.20%
Non deductible expenses	1.20%	0.30%
Tax deductions and tax exempt income	(3.00%)	(2.20%)
Adjustment for prior years	0%	(0.30%)
Multi-jurisdiction tax	0.20%	0.80%
Average effective tax rate	24.70%	25.40%

Financial Instruments and Fin_3

Financial Instruments and Financial Risk Management - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 CAD ($)	Dec. 31, 2023 CAD ($)
Disclosure Of Financial Instruments [Line Items]
Customer information	No single customer accounts for more than 5% of the Group’s revenue
Group's revenue	5%
Percentage of trade receivables that are not past due or 30 days or less past due	91.40%	89.90%
Trade receivables description	Approximately 91.4% (2023 – 89.9%) of the Group’s trade receivables are not past due or 30 days or less past due
Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Amounts available under revolving credit facility	$ 549,700,000	$ 915,300,000
Additional amounts available under revolving credit facility	175,000,000	190,000,000
Currency Risk
Disclosure Of Financial Instruments [Line Items]
Estimated annual net US$ denominated cash flow from operating activities	500,000,000	470,000,000
Market Risk
Disclosure Of Financial Instruments [Line Items]
Derivative assets	0	0
Canada, Dollars | Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Additional amounts available under revolving credit facility			$ 245	$ 245
United States of America, Dollars | Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Additional amounts available under revolving credit facility	$ 5,000,000	$ 5,000,000
Top of Range
Disclosure Of Financial Instruments [Line Items]
Bad debt expense to consolidated revenue	0.30%

Financial Instruments and Fin_4

Financial Instruments and Financial Risk Management - Summary of Maximum Exposure to Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Trade and Other Receivables
Disclosure Of Financial Instruments [Line Items]
Maximum exposure to credit risk	$ 927,654	$ 894,771

Financial Instruments and Fin_5

Financial Instruments and Financial Risk Management - Summary of Aging of Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Trade And Other Current Receivables [Line Items]
Trade and other receivables	$ 952,915	$ 924,277
Trade and Other Receivables
Trade And Other Current Receivables [Line Items]
Allowance for expected credit loss	25,261	29,506	$ 29,038
Not Past Due
Trade And Other Current Receivables [Line Items]
Trade and other receivables	646,859	619,888
Not Past Due | Trade and Other Receivables
Trade And Other Current Receivables [Line Items]
Allowance for expected credit loss	2,145	1,817
Past Due 1 – 30 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	174,343	159,928
Past Due 1 – 30 Days | Trade and Other Receivables
Trade And Other Current Receivables [Line Items]
Allowance for expected credit loss	2,526	2,909
Past Due 31 – 60 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	52,700	47,529
Past Due 31 – 60 Days | Trade and Other Receivables
Trade And Other Current Receivables [Line Items]
Allowance for expected credit loss	7,578	8,727
Past Due More Than 60 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	79,013	96,932
Past Due More Than 60 Days | Trade and Other Receivables
Trade And Other Current Receivables [Line Items]
Allowance for expected credit loss	$ 13,012	$ 16,053

Financial Instruments and Fin_6

Financial Instruments and Financial Risk Management - Summary of Movement in Allowance for Expected Credit Loss in Respect of Trade and Other Receivables (Details) - Trade and Other Receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Trade And Other Current Receivables [Line Items]
Balance, beginning of year	$ 29,506	$ 29,038
Business combinations	2,837	2,100
Bad debt expenses	14,846	30,992
Amount written off and recoveries	(19,631)	(33,302)
Effect of movements in exchange rates	(2,297)	678
Balance, end of year	$ 25,261	$ 29,506

Financial Instruments and Fin_7

Financial Instruments and Financial Risk Management - Summary of Contractual Maturities of Financial Liabilities Including Estimated Interest Payment (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		$ 3,061,757	$ 2,583,237
Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		3,049,850	2,569,785
Contractual cash flows		3,824,988	3,329,985
Liquidity Risk | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		639,190	671,939
Trade and other payables		639,190	671,939
Liquidity Risk | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		2,402,881	1,884,274
Long-term debt		3,178,019	2,644,474
Liquidity Risk | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	[1]	7,779	13,572
Other financial liability	[1]	7,779	13,572
Liquidity Risk | Less than 1 Year
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		856,423	942,085
Liquidity Risk | Less than 1 Year | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		639,190	671,939
Liquidity Risk | Less than 1 Year | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		209,454	257,414
Liquidity Risk | Less than 1 Year | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	[1]	7,779	12,732
Liquidity Risk | 1 to 2 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		973,603	355,046
Liquidity Risk | 1 to 2 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		973,603	354,206
Liquidity Risk | 1 to 2 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	[1]	0	840
Liquidity Risk | 2 to 5 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		522,404	293,772
Liquidity Risk | 2 to 5 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		522,404	293,772
Liquidity Risk | 2 to 5 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	[1]	0	0
Liquidity Risk | More than 5 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		1,472,558	1,739,082
Liquidity Risk | More than 5 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities		1,472,558	1,739,082
Liquidity Risk | More than 5 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	[1]	$ 0	$ 0
[1] Includes the contractual maturities for the contingent considerations presented in other financial liabilities. Other financial liabilities with no contractual cashflows in the amount of $ 11.9 million (2023 - $ 13.5 million) are excluded from the table above.

Financial Instruments and Fin_8

Financial Instruments and Financial Risk Management - Summary of Contractual Maturities of Financial Liabilities Including Estimated Interest Payment (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Other financial liabilities with no contractual cashflows	$ 11.9	$ 13.5

Financial Instruments and Fin_9

Financial Instruments and Financial Risk Management - Summary of Financial Assets and Liabilities Exposure to Foreign Currency Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Financial Instruments [Line Items]
Trade and other receivables	$ 952,915	$ 924,277
Long-term debt	(2,309,428)	(1,709,831)
Currency Risk
Disclosure Of Financial Instruments [Line Items]
Trade and other receivables	53,423	41,239
Trade and other payables	(8,984)	(7,379)
Long-term debt	(1,653,291)	(1,654,689)
Balance sheet exposure	(1,608,852)	(1,620,829)
Long-term debt designated as investment hedge	1,655,000	1,655,000
Net balance sheet exposure	$ 46,148	$ 34,171

Financial Instruments and Fi_10

Financial Instruments and Financial Risk Management - Summary of Exchange Rates Applied (Details) - Currency Risk - United States of America, Dollars - Rate	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Financial Instruments [Line Items]
Average USD for the year ended	1.3698	1.3497
Closing USD as at	1.4384	1.3243

Financial Instruments and Fi_11

Financial Instruments and Financial Risk Management - Summary of Sensitivity Analysis (Details) - Currency Risk - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	$ (1,608,852)	$ (1,620,829)
Long-term debt designated as investment hedge	1,655,000	1,655,000
Net balance sheet exposure	46,148	34,171
1-cent Increase
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	(11,185)	(12,239)
Long-term debt designated as investment hedge	11,506	12,497
Net balance sheet exposure	321	258
1-cent Decrease
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	11,185	12,239
Long-term debt designated as investment hedge	(11,506)	(12,497)
Net balance sheet exposure	$ (321)	$ (258)

Financial Instruments and Fi_12

Financial Instruments and Financial Risk Management - Summary of Carrying Amount of Interest-bearing Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Financial Instruments By Type Of Interest Rate [Line Items]
Carrying amount	$ 2,402,881	$ 1,884,182	$ 1,315,757
Fixed Rate Instruments
Disclosure Of Financial Instruments By Type Of Interest Rate [Line Items]
Carrying amount	$ 2,402,881	$ 1,884,182

Financial Instruments and Fi_13

Financial Instruments and Financial Risk Management - Summary of Debt-to-Equity and Debt-to-Capitalization Ratios (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about financial instruments [abstract]
Long-term debt		$ 2,402,881	$ 1,884,182	$ 1,315,757
Shareholders' equity		$ 2,673,275	$ 2,591,410	$ 2,463,070
Debt-to-equity ratio		0.9	0.73
Debt-to-capitalization ratio	[1]	0.47	0.42
[1] Long-term debt divided by the sum of shareholders' equity and long-term debt.

Financial Instruments and Fi_14

Financial Instruments and Financial Risk Management - Summary of Fair Values of Financial Assets and Liabilities, Together with Carrying Amounts Shown in Statements of Financial Position (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	$ 949,751	$ 944,980
Financial assets, Fair Value	949,751	944,980
Financial liabilities, Carrying Amount	3,061,757	2,583,237
Financial liabilities, Fair Value	2,998,823	2,377,717
Assets Carried at Fair Value | Investment in Equity Securities
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	22,097	50,209
Financial assets, Fair Value	22,097	50,209
Assets Carried at Amortized Cost | Trade and Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	927,654	894,771
Financial assets, Fair Value	927,654	894,771
Liabilities Carried at Fair Value | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	19,686	27,119
Financial liabilities, Fair Value	19,686	27,119
Liabilities Carried at Amortized Cost | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	639,190	671,936
Financial liabilities, Fair Value	639,190	671,936
Liabilities Carried at Amortized Cost | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	2,402,881	1,884,182
Financial liabilities, Fair Value	$ 2,339,947	$ 1,678,662

Contingencies, letters of cre_2

Contingencies, letters of credit and other commitments - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Commitments And Contingencies [Abstract]
Outstanding letter of credit	$ 129.8	$ 106.2
Purchase commitments	35.6	62.3
Purchase order for leases	$ 26.7	$ 44.4

Related Parties - Summary of Co

Related Parties - Summary of Costs Incurred for Key Management Personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Related party transactions [abstract]
Short-term benefits	$ 14,360	$ 15,457
Post-employment benefits	719	19
Equity-settled share-based payment transactions	8,207	8,674
Key management personnel compensation	$ 23,286	$ 24,750

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [line items]
Purchase of investments	$ 0	$ 41,719	[1]
[1] Recasted for presentation of $ 6,337 from Net cash used in financing activities to the Effect of movements in exchange rates on cash and cash equivalents.