TFI International (TFII) 40-F 23 Feb 23 2022 FY Annual report (Canada) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
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
Entity Common Stock, Shares Outstanding	86,539,559
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
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, 2022	Dec. 31, 2021	[2]
Assets
Cash and cash equivalents	$ 147,117	$ 19,292	[1]
Trade and other receivables	1,030,726	1,056,023
Inventoried supplies	24,181	24,402
Current taxes recoverable	12,788	6,080
Prepaid expenses	38,501	54,518
Assets held for sale	10,250	1,943
Current assets	1,263,563	1,162,258
Property and equipment	2,131,955	2,455,141
Right-of-use assets	381,640	398,533
Intangible assets	1,592,110	1,792,921
Investments	85,964	31,391
Employee benefits	4,359	0
Other assets	19,192	13,724
Deferred tax assets	27,047	29,695	[1]
Non-current assets	4,242,267	4,721,405
Total assets	5,505,830	5,883,663
Liabilities
Trade and other payables	708,768	861,908	[3]
Current taxes payable	41,714	16,552
Provisions	43,903	39,012	[1]
Other financial liabilities	19,275	10,566
Long-term debt	37,087	363,586
Lease liabilities	115,934	115,344
Current liabilities	966,681	1,406,968
Long-term debt	1,278,670	1,244,508
Lease liabilities	297,105	313,862
Employee benefits	0	68,037
Provisions	131,736	108,145
Other financial liabilities	382	8,033
Deferred tax liabilities	368,186	423,755	[1]
Non-current liabilities	2,076,079	2,166,340
Total liabilities	3,042,760	3,573,308
Equity
Share capital	1,089,229	1,133,181
Contributed surplus	41,491	39,150
Accumulated other comprehensive income	(233,321)	(144,665)
Retained earnings	1,565,671	1,282,689
Total equity	2,463,070	2,310,355	[1]
Total liabilities and equity	$ 5,505,830	$ 5,883,663
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[3]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	[1]
Profit or loss [abstract]
Revenue		$ 7,357,064	$ 6,468,785
Fuel surcharge		1,455,427	751,644
Total revenue	[2]	8,812,491	7,220,429
Materials and services expenses		4,592,191	3,815,453
Personnel expenses		2,362,856	1,974,081
Other operating expenses		492,291	380,342
Depreciation of property and equipment		248,638	225,007
Depreciation of right-of-use assets		126,276	112,782
Amortization of intangible assets		55,679	55,243
Gain on sale of business		(73,653)	0
Bargain purchase gain		0	(283,593)	[3]
Gain on sale of rolling stock and equipment		(59,661)	(24,644)
Gain on derecognition of right-of-use assets		(210)	(1,282)
(Gain) loss on sale of land and buildings		(43)	19
Gain on sale of assets held for sale		(77,911)	(12,209)
Loss on disposal of intangible assets		0	1
Total operating expenses		7,666,453	6,241,200
Operating income		1,146,038	979,229
Finance (income) costs
Finance income		(1,750)	(5,127)
Finance costs		82,147	78,145
Net finance costs		80,397	73,018
Income before income tax		1,065,641	906,211
Income tax expense		242,409	151,806
Net income		$ 823,232	$ 754,405
Earnings per share
Basic earnings per share		$ 9.21	$ 8.11
Diluted earnings per share		$ 9.02	$ 7.91
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Includes intersegment revenue and intersegment fuel surcharge[3]Adjustments to provisional amounts of UPS Freight prior year business combination (see note 5d))

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	[1]
Statement of comprehensive income [abstract]
Net income	$ 823,232	$ 754,405
Items that may be reclassified to income or loss in future years:
Foreign currency translation differences	(10,148)	12,960
Net investment hedge, net of tax	(72,046)	(15,542)
Employee benefits, net of tax	292	87
Items that may never be reclassified to income:
Defined benefit plan remeasurement, net of tax	63,508	(4,128)
Items directly reclassified to retained earnings:
Unrealized (loss) gain on investments in equity securities measured at fair value through OCI, net of tax	(5,495)	24,147
Other comprehensive (loss) income, net of tax	(23,889)	17,524
Total comprehensive income	$ 799,343	$ 771,929
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total		Share capital	Contributed surplus	Accumulated unrealized loss on employee benefit plans	Accumulated foreign currency translation differences & net investment hedge	Accumulated unrealized loss on investment in equity securities	Retained earnings (deficit)
Balance at Dec. 31, 2020		$ 1,788,612		$ 1,120,049	$ 19,783	$ (379)	$ (154,344)	$ 0	$ 803,503
Net income	[1]	754,405							754,405
Other comprehensive income (loss), net of tax		17,524	[1]			87	(2,582)	24,147	(4,128)
Realized (loss) gain on equity securities								(11,594)	11,594
Total comprehensive income (loss)		771,929	[1]			87	(2,582)	12,553	761,871
Share-based payment transactions, net of tax		27,577			27,577
Stock options exercised, net of tax		23,058		26,324	(3,266)
Dividends to owners of the Company		(89,121)							(89,121)
Repurchase of own shares		(198,153)		(23,449)					(174,704)
Net settlement of restricted share units, net of tax		(13,547)		10,257	(4,944)				(18,860)
Total transactions with owners, recorded directly in equity		(250,186)		13,132	19,367				(282,685)
Balance at Dec. 31, 2021	[1]	2,310,355	[2]	1,133,181	39,150	(292)	(156,926)	12,553	1,282,689
Net income		823,232							823,232
Other comprehensive income (loss), net of tax		(23,889)				292	(82,194)	(5,495)	63,508
Realized (loss) gain on equity securities								(1,259)	1,259
Total comprehensive income (loss)		799,343				292	(82,194)	(6,754)	887,999
Share-based payment transactions, net of tax		16,298			16,298
Stock options exercised, net of tax		16,502		22,800	(6,298)
Dividends to owners of the Company		(102,615)							(102,615)
Repurchase of own shares		(567,983)		(68,536)					(499,447)
Net settlement of restricted share units, net of tax		(8,830)		1,784	(7,659)				(2,955)
Total transactions with owners, recorded directly in equity		(646,628)		(43,952)	2,341				(605,017)
Balance at Dec. 31, 2022		$ 2,463,070		$ 1,089,229	$ 41,491	$ 0	$ (239,120)	$ 5,799	$ 1,565,671
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021
Cash flows from operating activities
Net income		$ 823,232		$ 754,405	[1]
Adjustments for:
Depreciation of property and equipment		248,638		225,007	[1]
Depreciation of right-of-use assets		126,276		112,782	[1]
Amortization of intangible assets		55,679		55,243	[1]
Share-based payment transactions		14,648		15,424	[1]
Net finance costs		80,397		73,018	[1]
Income tax expense		242,409		151,806	[1]
Gain on sale of business		(73,653)		0	[1]
Bargain purchase gain		0		(283,593)	[1]
Gain on sale of property and equipment		(59,704)		(24,625)	[1]
Gain on derecognition of right-of-use assets		(210)		(1,282)	[1]
Gain on sale of assets held for sale		(77,911)		(12,209)	[1]
Loss on disposal of intangible assets		0		1	[1]
Employee benefits		14,946		(20,193)	[1]
Provisions, net of payments		26,044		21,890	[1]
Net change in non-cash operating working capital		(147,453)		41,940	[1]
Interest paid		(77,512)		(65,453)	[1]
Income tax paid		(224,181)		(188,810)	[1]
Net cash from operating activities		971,645		855,351	[1]
Cash flows from (used in) investing activities
Purchases of property and equipment		(350,824)		(268,656)	[1]
Proceeds from sale of property and equipment		128,821		92,842	[1]
Proceeds from sale of assets held for sale		131,250		19,869	[1]
Purchases of intangible assets		(6,120)		(7,143)	[1]
Proceeds from sale of intangible assets		250		0	[1]
Proceeds from sale of business, net of cash disposed		546,228		0	[1]
Business combinations, net of cash acquired		(158,251)		(1,008,131)	[1]
Purchases of investments		(80,551)		(35,913)	[1]
Proceeds from sale of investments		12,930		40,686	[1]
Others		(311)		3,789	[1]
Net cash from (used in) investing activities		223,422		(1,162,657)	[1]
Cash flows (used in) from financing activities
Net decrease (increase) in bank indebtedness		7,490		(7,173)	[1]
Proceeds from long-term debt		334,164		661,039	[1]
Repayment of long-term debt		(369,692)		(43,868)	[1]
Net (increase) decrease in revolving facilities		(236,502)		118,859	[1]
Repayment of lease liabilities		(123,606)		(115,336)	[1]
Repayment of other financial liabilities		(21,108)		(11,216)	[1]
Dividends paid		(97,321)		(85,386)	[1]
Repurchase of own shares		(567,983)		(198,153)	[1]
Proceeds from exercise of stock options		16,502		20,114	[1]
Payment for settlement of restricted share units		(9,186)		(16,579)	[1]
Net cash (used in) from financing activities		(1,067,242)		322,301	[1]
Net change in cash and cash equivalents		127,825		14,995	[1]
Cash and cash equivalents, beginning of year	[1]	19,292	[2]	4,297
Cash and cash equivalents, end of year		$ 147,117		$ 19,292	[1],[2]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Reporting entity

Reporting entity	12 Months Ended
	Dec. 31, 2022
Disclosure Of General Information About Financial Statements [Abstract]
Reporting entity	1. Reporting entity TFI International Inc. (the “Company”) is incorporated under the Canada Business Corporations Act The consolidated financial statements of the Company as at and for the years ended December 31, 2022 and 2021 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, 2022
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 22, 2023. 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 business combinations; Note 1 6 Note 1 7

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Significant accounting policies	3. Significant 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 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. 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 judgement 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. iv) Derivative financial instruments The Group uses derivative financial instruments to manage its foreign currency and interest rate risk exposures. Embedded derivatives are separated from the host contract and accounted for separately if the economic characteristics and risks of the host contract and the embedded derivative are not closely related, a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative, and the combined instrument is not measured at fair value through income or loss. Derivatives and embedded derivatives are recognized initially at fair value; related transaction costs are recognized in income or loss as incurred. Subsequent to initial recognition, derivatives and embedded derivatives are measured at fair value, and changes therein are recognized in net change in fair value of foreign exchange derivatives in income or loss with the exception of net change in fair value of cross currency interest rate swap contracts recognized in net foreign exchange gain or loss in income or loss. 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 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. 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) Inventoried supplies Inventoried supplies consist primarily of repair parts and fuel and are measured at the lower of cost and net realizable value. i) 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, 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. j) 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. k) 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, 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 are to be settled in cash, is recognized as an expense with a corresponding increase in liabilities. The liability is remeasured at each reporting date until settlement. The Group presents 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. l) 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. m) 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. n) Other operating expenses Other operating expenses consist primarily of third-party commissions, transitional service agreement fees, information technology support and software expenses, building expenses (including repairs and maintenance, electricity, janitorial & security services and property taxes). o) Finance income and finance costs Finance income comprises interest income on funds invested, dividend income and interest and accretion on promissory note. 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. p) 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

Segment reporting

Segment reporting	12 Months Ended
	Dec. 31, 2022
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. The following summary describes the operations in each of the Group’s reportable segments: Package and Courier: Pickup, transport and delivery of items across North America. 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) Beginning in the second quarter of fiscal 2021, due to the acquisition of UPS Ground Freight Inc., the Less-Than-Truckload reporting segment now represents the aggregation of the Canadian Less-Than-Truckload and U.S. Less-Than-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. (b) Prior to August 31, 2022, the Truckload reporting segment represented the aggregation of the Canadian Conventional Truckload, U.S. 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. On August 31,2022, the Group sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the U.S. Conventional Truckload operating segment. Subsequent to the sale, the remaining business operations in the Group’s U.S. Conventional Truckload operating segment were transferred to the Specialized Truckload operating segment. Because the transfer was amongst operating segments in the same reportable segment and the aggregation criteria continued to be met, there was no impact on the reportable segment results. 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. Package Less- and Than- Courier Truckload Truckload Logistics Corporate Eliminations Total 2022 Revenue (1) 498,972 3,243,556 1,986,331 1,689,122 - (60,917 ) 7,357,064 Fuel surcharge (1) 151,872 779,607 464,707 74,158 - (14,917 ) 1,455,427 Total revenue (1) 650,844 4,023,163 2,451,038 1,763,280 - (75,834 ) 8,812,491 Operating income 134,306 470,807 366,868 140,446 33,611 - 1,146,038 Selected items: Depreciation and amortization 26,532 152,666 212,430 38,244 721 - 430,593 Gain on sale of land and buildings - - 43 - - - 43 Gain on sale of assets held for sale - 55,714 22,197 - - - 77,911 Gain on sale of business - - - - 73,653 - 73,653 Intangible assets 180,119 167,798 775,464 468,547 182 - 1,592,110 Total assets 362,724 2,275,672 1,861,093 731,564 274,777 - 5,505,830 Total liabilities 126,383 836,937 464,962 239,916 1,374,687 (125 ) 3,042,760 Additions to property and equipment 15,097 168,667 165,953 1,150 402 - 351,269 2021* Revenue (1)(2) 560,147 2,440,640 1,901,157 1,620,926 - (54,085 ) 6,468,785 Fuel surcharge (1)(2) 81,302 374,750 261,595 41,146 - (7,149 ) 751,644 Total revenue (1) 641,449 2,815,390 2,162,752 1,662,072 - (61,234 ) 7,220,429 Operating income (loss) 108,440 572,798 230,189 142,794 (74,992 ) - 979,229 Selected items: Depreciation and amortization 26,404 116,060 211,561 38,208 799 - 393,032 Loss on sale of land and buildings - (16 ) - (3 ) - - (19 ) Gain on sale of assets held for sale - 1,640 10,569 - - - 12,209 Loss on sale of intangible assets (1 ) - - - - - (1 ) Bargain purchase gain (3) - 271,593 - 12,000 - - 283,593 Intangible assets 193,765 188,604 955,608 454,612 332 - 1,792,921 Total assets 379,881 2,351,138 2,317,615 746,638 88,391 - 5,883,663 Total liabilities 128,599 957,148 559,438 248,122 1,680,135 (134 ) 3,573,308 Additions to property and equipment 19,347 65,543 181,313 809 161 - 267,173 (1) * Recasted for: (2) (3) Geographical information Revenue is attributed to geographical locations based on the origin of service’s location. Package Less- and Than- Courier Truckload Truckload Logistics Eliminations Total 2022 Canada 650,844 667,506 1,182,198 256,714 (34,202 ) 2,723,060 United States - 3,355,657 1,268,840 1,488,941 (41,632 ) 6,071,806 Mexico - - - 17,625 - 17,625 Total 650,844 4,023,163 2,451,038 1,763,280 (75,834 ) 8,812,491 2021 Canada 641,449 576,311 912,166 269,568 (31,193 ) 2,368,301 United States - 2,239,079 1,250,586 1,370,843 (30,041 ) 4,830,467 Mexico - - - 21,661 - 21,661 Total 641,449 2,815,390 2,162,752 1,662,072 (61,234 ) 7,220,429 Segment assets are based on the geographical location of the assets. As at As at December 31, 2022 December 31, 2021 * Property and equipment, right-of-use assets and intangible assets Canada 1,848,746 1,933,050 United States 2,256,959 2,698,630 Mexico - 14,915 4,105,705 4,646,595 * Recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2022
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 2022, which 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. During the year ended December 31, 2022, the non-material businesses, in aggregate, contributed revenue and net income of $100.6 million and $5.9 million respectively since the acquisitions. Had the Group acquired these non-material businesses on January 1, 2022, as per management’s best estimates, the revenue and net income for these entities would have been $234.3 million and $17.9 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, 2022 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. During the year ended December 31, 2022, transaction costs of $0.1 million have been expensed in other operating expenses in the consolidated statements of income in relation to the above-mentioned business acquisitions. As of the reporting date, the Group had not completed the purchase price allocation over the identifiable net assets and goodwill of the 2022 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 purchase price allocation based on the best information available to the Group to date : Identifiable assets acquired and liabilities assumed Note December 31, 2022* Cash and cash equivalents 863 Trade and other receivables 28,231 Inventoried supplies and prepaid expenses 2,179 Property and equipment 9 70,959 Right-of-use assets 10 28,269 Intangible assets 11 45,740 Other assets 368 Trade and other payables (10,327 ) Income tax payable (1,465 ) Provisions 17 (280 ) Lease liabilities 15 (28,269 ) Deferred tax liabilities 1 8 (13,848 ) Total identifiable net assets 122,420 Total consideration transferred 181,608 Goodwill 11 59,188 Cash 159,114 Contingent consideration 22,494 Total consideration transferred 181,608 * Includes non-material adjustments to prior year’s acquisitions The trade receivables comprise gross amounts due of $28.4 million, of which $0.1 million was expected to be uncollectible at the acquisition date. Of the goodwill and intangible assets acquired through business combinations in 2022, $2.9 million is deductible for tax purposes. In line with the Group’s growth strategy, the Group acquired ten businesses during 2021, of which UPS Ground Freight Inc. (“UPS Freight”), which was renamed TForce Freight Inc. (“TForce Freight”) in April 202 1 On April 30, 2021, the Group completed the acquisition of UPS Freight, the Less-Than-Truckload and dedicated truckload divisions of United Parcel Service, Inc. The purchase price for this business acquisition totalled for $864.6 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. The fair value of the identifiable net assets acquired, including the fair value of the customer relationships acquired, exceeded the purchase price, resulting in a bargain purchase gain of $283.6 million in the Less-Than-Truckload and Logistics segments ($271.6 million and $12.0 million respectively). The bargain purchase gain resulted mainly from the measurement of the fair value related to the company’s tangible assets. During the year ended December 31, 2021, the business contributed revenue and net income of $2,334.4 million and $122.6 million (excluding the bargain purchase gain of $283.6 million), respectively since the acquisition. Had the Group acquired UPS Freight on January 1, 2021, as per management’s best estimates, the revenue and net income for this entity would have been $3,438.3 million and $146.0 million (excluding the bargain purchase gain of $283.6 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, 2021 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. During the year ended December 31, 2021, the non-material businesses, in aggregate, contributed revenue and net income of $64.9 million and $0.9 million respectively since the acquisitions. Had the Group acquired the non-material businesses on January 1, 2021, as per management’s best estimates, the revenue and net income for these entities would have been $174.9 million and $5.6 million (excluding the bargain purchase gain of $283.6 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, 2021 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 goodwill and intangible assets acquired through business combinations in 2021, $5.7 million is deductible for tax purposes. During the year ended December 31, 2021, transaction costs of $8.7 million had been expensed in other operating expenses in the consolidated statements of income in relation to the above-mentioned business acquisitions. The table below presents the purchase price allocation as at December 31, 2021: Identifiable assets acquired and liabilities assumed UPS Freight Note (reassessed - see note 5d))* Others** December 31, 2021 Cash and cash equivalents 6 11,570 11,576 Trade and other receivables 328,468 23,806 352,274 Inventoried supplies and prepaid expenses 26,643 3,500 30,143 Property and equipment 9 1,309,465 86,872 1,396,337 Right-of-use assets 10 100,971 10,619 111,590 Intangible assets 11 18,856 25,914 44,770 Other assets 8,133 65 8,198 Trade and other payables (209,474 ) (14,470 ) (223,944 ) Income tax payable - (2,668 ) (2,668 ) Employee benefits (65,849 ) - (65,849 ) Provisions 17 (74,867 ) (222 ) (75,089 ) Other non-current liabilities (56 ) (6 ) (62 ) Long-term debt 14 - (3,484 ) (3,484 ) Lease liabilities 15 (100,971 ) (10,619 ) (111,590 ) Deferred tax liabilities 1 8 (193,125 ) (17,785 ) (210,910 ) Total identifiable net assets 1,148,200 113,092 1,261,292 Total consideration transferred 864,607 162,313 1,026,920 Goodwill 1 1 - 49,221 49,221 Bargain purchase gain (283,593 ) - (283,593 ) Cash 864,607 155,100 1,019,707 Contingent consideration - 7,213 7,213 Total consideration transferred 864,607 162,313 1,026,920 * Recasted in fiscal 2022 for adjustments made to provisional * *Includes non-material adjustments to prior year’s acquisitions The valuation techniques used for measuring the fair value of land and buildings ($859.2 million) and customer relationships ($12.0 million) acquired regarding UPS Freight were as follows: Assets acquired Valuation technique Key inputs Land and buildings Market comparison technique and cost technique - Market prices for comparable sites - Average rebuild cost Customer relationships Excess earnings method: - Forecasted revenue attributable to existing customers and relationships - Annual attrition rate - Forecasted operating margin - Discount rate 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, 2022* December 31, 2021* Canadian Less-Than-Truckload Less-Than-Truckload - (225 ) Canadian Truckload Truckload 811 4,079 Specialized Truckload Truckload 35,865 42,546 U.S. Truckload Truckload - 2,846 Logistics Logistics 22,512 (25 ) 59,188 49,221 * Includes non-material adjustments to prior year’s acquisitions c) Contingent consideration The contingent consideration for the year ended December 31, 2022 relates to non-material business acquisitions and is recorded in the original purchase price allocation. This consideration is contingent on achieving specified earning levels in a future period. The maximum amount payable was $22.5 million in less than one year, and $21.0 million was paid prior to year-end. The contingent consideration for the year ended December 31, 2021 relates to a non-material business acquisition and is recorded in the original purchase price allocation. The fair value was determined using expected cash flows discounted at rates between 3.9% and 6.4%. This consideration is contingent on achieving specified earning levels in future periods. The maximum amount payable was $0.4 million in one year and $7.6 million in two years. The contingent consideration balance at December 31, 2022 is $8.8 million (2021 - $8.7 million) and is presented in other financial liabilities on the consolidated statements of financial position. d) Adjustment to the provisional amounts of prior year’s business combinations The 2021 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 UPS Ground Freight Inc. This acquisition was 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 and adjustments are required to be retrospectively reflected from the date of acquisition. Consequently, the fair value of certain assets acquired, and liabilities assumed of UPS Ground Freight Inc. in fiscal 2021 were adjusted in the quarter ended June 30, 2022 when the purchase price allocation was completed, and accordingly, the comparative information as at December 31, 2021 included in these consolidated financial statements has been revised as detailed below. The adjustment to prior period financial information from the date of acquisition to date resulted in an incremental $90.0 million bargain purchase gain which resulted in the June 30, 2021 financial information being recasted. As a result a final bargain purchase gain in the amount of $283.6 million was recognized in the statement of income for the year ended December 31, 2021. Dec. 31, 2021 Q2-2022 Final Cash and cash equivalents 6 - 6 Trade and other receivables 328,468 - 328,468 Inventoried supplies and prepaid expenses 26,643 - 26,643 Property and equipment 1,186,198 123,267 1,309,465 Right-of-use assets 100,971 - 100,971 Intangible assets 18,856 - 18,856 Other assets 860 7,273 8,133 Trade and other payables (208,928 ) (546 ) (209,474 ) Income tax payable 302 (302 ) - Employee benefits (65,849 ) - (65,849 ) Provisions (50,352 ) (24,515 ) (74,867 ) Other non-current liabilities (56 ) - (56 ) Lease liabilities (100,971 ) - (100,971 ) Deferred tax liabilities (177,992 ) (15,133 ) (193,125 ) Total identifiable net assets 1,058,156 90,044 1,148,200 Total consideration transferred 864,607 - 864,607 Bargain purchase gain (193,549 ) (90,044 ) (283,593 ) Total consideration transferred 864,607 - 864,607 e) Adjustment to the provisional amounts of prior year’s non-material business combinations The 2021 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 non-material acquisitions not mentioned previously. 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 non-material acquisitions in fiscal 2021 have been adjusted and finalized in 2022. No material adjustments were required to the provisional fair values for these prior period’s business combinations.

Sale of business

Sale of business	12 Months Ended
	Dec. 31, 2022
Sale of business [Abstract]
Sale of business	6. Sale of business On August 31, 2022, CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses were sold to Heartland Express for a net consideration of $553.0 million, which includes cash consideration, net working capital adjustments and is net of incremental selling costs of $4.5 million. The total consideration is subject to additional working capital closing adjustments and still subject to buyer acceptance as of the date of issuance of these financial statements. The sale resulted in a gain on sale of business The table below presents the net assets disposed: Note December 31, 2022 Cash and cash equivalents 6,790 Trade and other receivables 77,877 Inventoried supplies and prepaid expenses 7,856 Property and equipment 9 321,123 Right-of-use assets 10 3,203 Intangible assets 11 42,599 Goodwill 11 144,551 Other assets 306 Accumulated other comprehensive income - CTA 2,737 Trade and other payables (46,776 ) Income tax payable (564 ) Employee benefits (1,302 ) Provisions 17 (1,465 ) Lease liabilities 15 (3,129 ) Deferred tax liabilities 18 (74,441 ) Total identifiable net assets 479,365 Total consideration received 553,018 Gain on sale of business 73,653 The goodwill disposed of was 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, 2022 U.S. Truckload Truckload 141,056 Logistics Logistics 3,495 144,551

Trade and other receivables

Trade and other receivables	12 Months Ended
	Dec. 31, 2022
Trade and other current receivables [abstract]
Trade and other receivables	7. Trade and other receivables December 31, 2022 December 31, 2021 Trade receivables, net of expected credit loss 966,428 986,783 Other receivables 64,298 69,240 1,030,726 1,056,023 The Group’s exposure to credit and currency risks related to trade and other receivables is disclosed in note 26 a) and d). Trade receivables as at December 31, 2022 include $48.5 million of in-transit revenue balances (December 31, 2021 – $58.2 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, 2022
Disclosure Of Information About Additional Cash Flow Information [Abstract]
Additional cash flow information	8. Additional cash flow information Net change in non-cash operating working capital 2022 2021 Trade and other receivables (59,105 ) (101,664 ) Inventoried supplies (1,498 ) (1,233 ) Prepaid expenses 9,924 (9,455 ) Trade and other payables (96,774 ) 154,292 (147,453 ) 41,940

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Property and equipment	9. Property and equ ipme Note Land and Rolling Equipment Total Cost Balance at December 31, 2020 314,804 1,267,617 134,234 1,716,655 Additions through business combinations** 5 889,657 445,656 61,024 1,396,337 Other additions 36,902 217,080 13,191 267,173 Disposals (1,473 ) (177,992 ) (8,773 ) (188,238 ) Transfer from right-of-use assets - 21,474 - 21,474 Reclassification (to) from assets held for sale (8,843 ) 1,023 - (7,820 ) Effect of movements in exchange rates 2,221 (2,395 ) 1,089 915 Balance at December 31, 2021 1,233,268 1,772,463 200,765 3,206,496 Additions through business combinations* 5 2,003 66,240 2,716 70,959 Other additions 46,928 286,277 18,064 351,269 Disposals (678 ) (122,946 ) (9,370 ) (132,994 ) Sale of business 6 (31,356 ) (452,547 ) (1,817 ) (485,720 ) Reclassification to assets held for sale (67,203 ) - - (67,203 ) Effect of movements in exchange rates (15,972 ) (47,939 ) (5,570 ) (69,481 ) Balance at December 31, 2022 1,166,990 1,501,548 204,788 2,873,326 Accumulated Depreciation Balance at December 31, 2020 59,817 494,322 88,088 642,227 Depreciation 16,301 187,895 20,811 225,007 Disposals (1,332 ) (110,341 ) (8,347 ) (120,020 ) Transfer from right-of-use assets - 5,746 - 5,746 Reclassification (to) from assets held for sale (2,997 ) 424 - (2,573 ) Effect of movements in exchange rates 223 (153 ) 898 968 Balance at December 31, 2021 72,012 577,893 101,450 751,355 Depreciation 21,353 203,431 23,854 248,638 Disposals (137 ) (56,549 ) (7,191 ) (63,877 ) Sale of business 6 (6,837 ) (157,618 ) (142 ) (164,597 ) Reclassification to assets held for sale (5,426 ) - - (5,426 ) Effect of movements in exchange rates 2,175 (23,885 ) (3,012 ) (24,722 ) Balance at December 31, 2022 83,140 543,272 114,959 741,371 Net carrying amounts At December 31, 2021 1,161,256 1,194,570 99,315 2,455,141 At December 31, 2022 1,083,850 958,276 89,829 2,131,955 * Includes non-material adjustments to prior year’s acquisitions ** Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)). As at December 31, 2022, $1.3 million is included in trade and other payables for the purchases of property and equipment (December 31, 2021 – $1.0 million). Security As at December 31, 2022, certain rolling stock are pledged as security for conditional sales contracts, with a carrying amount of $126.4 million (December 31, 2021 - $144.5 million) (see note 14).

Right-of-use Assets

Right-of-use Assets	12 Months Ended
	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-use assets	10. Right-of-use assets Note Land and buildings Rolling stock Equipment Total Cost Balance at December 31, 2020 452,106 191,164 2,290 645,560 Transfer to property and equipment - (21,474 ) - (21,474 ) Other additions 37,768 51,494 1,084 90,346 Additions through business combinations* 5 57,916 52,465 1,209 111,590 Derecognition** (39,842 ) (40,434 ) (668 ) (80,944 ) Effect of movements in exchange rates 2,329 495 (12 ) 2,812 Balance at December 31, 2021 510,277 233,710 3,903 747,890 Other additions 62,353 53,906 962 117,221 Additions through business combinations* 5 14,217 14,052 - 28,269 Sale of business 6 (238 ) (5,780 ) - (6,018 ) Derecognition** (31,475 ) (34,221 ) (977 ) (66,673 ) Effect of movements in exchange rates (26,343 ) (9,624 ) (91 ) (36,058 ) Balance at December 31, 2022 528,791 252,043 3,797 784,631 Depreciation Balance at December 31, 2020 232,541 74,503 1,231 308,275 Transfer to property and equipment - (5,746 ) - (5,746 ) Depreciation 59,719 51,953 1,110 112,782 Derecognition** (35,691 ) (30,926 ) (579 ) (67,196 ) Effect of movements in exchange rates 938 308 (4 ) 1,242 Balance at December 31, 2021 257,507 90,092 1,758 349,357 Depreciation 66,036 59,101 1,139 126,276 Sale of business 6 (130 ) (2,685 ) - (2,815 ) Derecognition** (22,733 ) (26,783 ) (1,082 ) (50,598 ) Effect of movements in exchange rates (14,424 ) (4,754 ) (51 ) (19,229 ) Balance at December 31, 2022 286,256 114,971 1,764 402,991 Net carrying amounts At December 31, 2021 252,770 143,618 2,145 398,533 At December 31, 2022 242,535 137,072 2,033 381,640 * Includes non-material adjustments to prior year’s acquisitions ** 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, 2022
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	11. Intangible assets Other intangible assets Note Goodwill Customer Trademarks Non- compete agreements Information technology Total Cost Balance at December 31, 2020 1,523,626 574,942 86,402 14,688 22,524 2,222,182 Additions through business combinations* 5 49,221 29,130 4,166 4,405 7,069 93,991 Other additions - 3,263 - - 3,880 7,143 Extinguishments - (18,357 ) (1,178 ) (1,027 ) (1,510 ) (22,072 ) Effect of movements in exchange rates (556 ) (464 ) (579 ) (118 ) 33 (1,684 ) Balance at December 31, 2021 1,572,291 588,514 88,811 17,948 31,996 2,299,560 Additions through business combinations* 5 59,188 38,121 3,846 3,727 46 104,928 Other additions - - - - 6,120 6,120 Disposals - - (380 ) - - (380 ) Sale of business 6 (210,806 ) (33,312 ) (28,589 ) (150 ) (1,075 ) (273,932 ) Extinguishments - (61,985 ) (19,058 ) (836 ) (1,321 ) (83,200 ) Effect of movements in exchange rates (61,328 ) (17,641 ) (1,950 ) (682 ) (644 ) (82,245 ) Balance at December 31, 2022 1,359,345 513,697 42,680 20,007 35,122 1,970,851 Amortization and impairment losses Balance at December 31, 2020 148,016 261,599 43,636 5,304 15,964 474,519 Amortization - 44,862 3,274 3,378 3,729 55,243 Extinguishments - (18,357 ) (1,178 ) (1,027 ) (1,509 ) (22,071 ) Effect of movements in exchange rates (536 ) (526 ) (57 ) 11 56 (1,052 ) Balance at December 31, 2021 147,480 287,578 45,675 7,666 18,240 506,639 Amortization - 43,538 4,764 3,702 3,675 55,679 Disposals - - (130 ) - - (130 ) Sale of business 6 (66,255 ) (16,669 ) (2,996 ) (26 ) (836 ) (86,782 ) Extinguishments - (61,985 ) (19,058 ) (836 ) (1,321 ) (83,200 ) Effect of movements in exchange rates (3,213 ) (8,210 ) (1,205 ) (376 ) (461 ) (13,465 ) Balance at December 31, 2022 78,012 244,252 27,050 10,130 19,297 378,741 Net carrying amounts At December 31, 2021 1,424,811 300,936 43,136 10,282 13,756 1,792,921 At December 31, 2022 1,281,333 269,445 15,630 9,877 15,825 1,592,110 * Includes non-material adjustments to prior year’s acquisitions In 2022, CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses were sold to Heartland Express, including the indefinite-life trademarks. At December 31, 2022, there are no material indefinite life intangible assets. At December 31, 2021, the Group performed its annual impairment testing for indefinite life trademarks. The Group estimated the value in use to be $36.6 million compared to its carrying value of $27.5 million, resulting in no impairment charge. Management used the relief-from-royalty method and discount rates between 6.7% and 9.9% in its analysis. In 2021, the Group rebranded a subsidiary by initiating a change of name. The Group estimates that previous tradename will retain value for a 2-year period during the transition. Accordingly, the amortization period had been changed from indefinite life to 2 years for the remaining net book value of this subsidiary of $3.5 million. At December 31, 2022, 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, 2022 December 31, 2021 Package and Courier 177,941 190,853 Less-Than-Truckload Canadian Less-Than-Truckload 128,449 137,638 Truckload Canadian Truckload 87,604 93,152 Specialized Trucklo a 546,674 536,267 U.S. Truckload* - 141,064 Logistics 340,665 325,837 1,281,333 1,424,811 * On August 31,2022, TFI International sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the US-based Conventional TL operating segment. Subsequent to the sale, the remaining businesses operations in TFI International’s US-based Conventional TL operating segment, were transferred to the Specialized TL operating segment. This resulted in a retrospective recasting of goodwill of $104.5 million transferred from US-based Conventional TL operating segment to the Specialized TL operating segment to the 2021 amounts. The results as at December 31, 2022 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 2022 2021 Package and Courier 11.5 % 9.3 % Less-Than-Truckload Canadian Less-Than-Truckload 11.5 % 9.3 % Truckload Canadian Truckload 13.9 % 11.7 % Specialized Truckload* 12.7 % 10.5 % U.S. Truckload* - 10.5 % Logistics 10.9 % 8.7 % * On August 31,2022, TFI International sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the US-based Conventional TL operating segment. Subsequent to the sale, the remaining businesses operations in TFI International’s US-based Conventional TL operating segment, were transferred to the Specialized TL operating segment. 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% (2021 – 40.0%) at a market interest rate of 9.4% (2021 – 5.7%). 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 2.0% (2021 – 2.0%) in revenues and margins were adjusted where deemed appropriate. The terminal value growth rate was 2.0% (2021 – 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, 2022
Investments [Abstract]
Investments	12. Investments As at December 31, 2022 As at December 31, 2021 Level 1 investments 71,979 16,391 Level 3 investments 13,985 15,000 85,964 31,391 Investments that were previously disclosed in Other assets in the consolidated statements of financial position are now separately presented in the Investments line item and were recast due to the material nature of the account in 2022. Level 1 investments include 1,026,696 shares of ArcBest Corporation (NYSE: ARCB) that were marked to market with the publicly available stock price. Level 3 investments were marked to fair value based on the company performance as at December 31, 2022. The Group elected to designate these investments as at fair value through OCI.

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2022
Trade and other payables [abstract]
Trade and other payables	13. Trade and other payables As at December 31, 2022 As at December 31, 2021 * Trade payables and accrued expenses 498,777 612,092 Personnel accrued expenses 179,702 224,935 Dividend payable 30,289 24,881 708,768 861,908 * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)). The Group’s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 26.

Long-term debt

Long-term debt	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Long-term debt	14. Long-term debt This note provides information about the contractual terms of the Group’s interest-bearing long-term debt, which are measured at amortized cost. For more information about the Group’s exposure to interest rate, foreign exchange currency and liquidity, see note 26. As at December 31, 2022 As at December 31, 2021 Non-current liabilities Unsecured revolving facilities - 239,406 Unsecured debenture 147,233 157,743 Unsecured senior notes 1,075,702 778,613 Conditional sales contracts 55,735 68,746 1,278,670 1,244,508 Current liabilities Current portion of unsecured term loan - 324,444 Current portion of conditional sales contracts 37,087 39,142 37,087 363,586 Terms and conditions of outstanding long-term debt are as follows: 2022 2021 Currency Nominal interest rate Year of maturity Face Carrying Face Carrying Unsecured revolving facility a CAD BA + 1.125% 2026 - - 130,000 101,061 Unsecured revolving fa c a CAD BA + 1.125% 2026 - - 21,279 16,646 Unsecured revolving facility a USD SOFR + 1.125% 2026 - - 120,000 118,634 Unsecured revolving facility a USD SOFR + 1.125% 2026 - - 3,100 3,065 Unsecured term loan a CAD BA + 1.125% 2022 - - 410,000 324,444 Unsecured debenture b CAD 3.32% - 4.22% 2024 200,000 147,233 200,000 157,743 Unsecured senior notes c USD 2.89% - 3.85% 2026 - 180,000 179,013 180,000 179,658 Unsecured senior notes c USD 3.15% - 3.50% 2029 - 500,000 497,258 500,000 499,049 Unsecured senior notes c USD 2.87% - 3.55% 2029 - 200,000 199,644 100,000 99,906 Unsecured senior notes c USD 3.50% - 3.80% 2032 - 200,000 199,787 - - Conditional sales contracts d Mainly CAD 1.45% - 5.28% 2022 125,810 92,822 136,338 107,888 1,315,757 1,608,094 The table below summarizes changes to the long-term debt: Note 2022 2021 Balance at beginning of year 1,608,094 872,544 Proceeds from long-term debt 334,164 661,039 Business combinations 5 - 3,484 Repayment of long-term debt (369,692 ) (43,868 ) Net increase (decrease) in revolving facilities (236,502 ) 118,859 Amortization of deferred financing fees 1,296 1,296 Effect of movements in exchange rates (97,744 ) (23,154 ) Effect of movements in exchange rates - debt designated as net investment hedge 76,141 17,894 Balance at end of year 1,315,757 1,608,094 a) Unsecured revolving credit facility and term loans On September 2, 2022, the Group extended its credit facility until August 16, 2026. Under the new extension, the CAD availability and USD availability remain unchanged. The adoption of the Interest Rate Benchmark Reform - Phase 2 113 175 The revolving credit facility is unsecured and can be extended annually. The Group’s revolving facilities have a total size of $929.6 million (December 31, 2021 - $997.1 million). The agreement provides an additional $185.8 million of credit availability (CAD $245 million and USD $5 million). As of December 31, 2022, the credit facility’s interest rate on CAD denominated debt was 4.49% (2021 – 1.70%) and on USD denominated debt was 4.30% (2021 – 1.35%). On August 16, 2021, the Group extended its revolving credit facility until August 16, 2025. Under the extension, CAD availability was increased by CAD $10 million and USD availability increased by USD $50 million. Based on certain ratios, the interest rate will be the sum of the banker’s acceptance rate, or Libor rate on US$ denominated debt, plus an applicable margin, which can vary between 113 175 On December 18, 2021, the Group repaid, without penalty, the first tranche of CAD $200 million of its term loan which was due in June 2022. The remaining second tranche of term loan of CAD $410 million is unsecured and was due in June 2022 and was repaid in March 2022. Early repayment, in part or whole, was permitted, without penalty, and permanently reduced the amount borrowed. The terms and conditions of this unsecured term loan were the same as the unsecured revolving credit facility and are subject to the same covenants. As of December 31, 2021, the term loan’s interest rate was 1.90%. 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 26(f)). b) Unsecured debenture The unsecured debenture is maturing in December 2024 and is carrying an interest rate between 3.32% and 4.22% (2021 – 3.32% to 4.22%) depending on certain ratios. As of December 31, 2022, the debenture’s effective rate was 3.32% (2021 – 3.57%). The debenture may be repaid, without penalty, after December 20, 2022, subject to the approval of the Group’s syndicate of bank lenders. 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 March 23, 2022, the Company received $200 million in proceeds from the issuance of new debts taking the form of unsecured senior notes consisting of two tranches, of $100 million each, maturing on March 23, 2032, and 2037 On March 23, 2022, the Company received additional $100 million in proceeds from the amendment and restatement of the debt agreement signed on July 2, 2021, taking the form of unsecured senior notes as the third tranche maturing on April 2, 2034, bearing fixed interest rate of 3.55%. Deferred financing fees of $0.1 million were recognized as a result of the transaction. The proceeds raised from the two debt issuances were used in full to pay off the unsecured term loan which was due in June 2022 without any penalty. On January 13, 2021, the Group received $500 million in proceeds from the issuance of a new debt taking the form of unsecured senior notes consisting of four tranches maturing between January 2029 and January 2036 and bearing fixed interest between 3.15% and 3.50%. These notes may be prepaid at any time prior to maturity dates, 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. Deferred financing fees of $1.4 million were recognized on the increase. On July 2, 2021, the Group received $100 million in proceeds from the issuance of a new debt taking the form of unsecured senior notes consisting of two tranches maturing on July 2, 2029, and July 2, 2033, bearing fixed interest of 2.87% and 3.34%. These notes may be prepaid at any time prior to maturity dates, 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 July 14, 2021, the Group received $30 million in proceeds from the issuance of a new debt taking the form of unsecured senior notes consisting of two tranches maturing on July 14, 2029, and July 14, 2033, bearing fixed interest of 2.89% and 3.37%. These notes may be prepaid at any time prior to maturity dates, 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. 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 26(f)). d) Conditional sales contracts Conditional sales contracts are secured by rolling stock having a carrying value of $126.4 million (December 31, 2021 - $144.5 million,) (see note 9). e) Principal installments of other 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 debenture - 147,558 - 147,558 Unsecured senior notes - 150,000 930,000 1,080,000 Conditional sales contracts 37,087 51,768 3,967 92,822 37,087 349,326 933,967 1,320,380

Lease liabilities

Lease liabilities	12 Months Ended
	Dec. 31, 2022
Lease liabilities [abstract]
Lease liabilities	15. Lease liabilities As at As at December 31, 2022 December 31, 2021 Current portion of lease liabilities 115,934 115,344 Long-term portion of lease liabilities 297,105 313,862 413,039 429,206 The table below summarizes changes to the lease liabilities: Note 2022 2021 Balance at beginning of year 429,206 355,986 Business combinati o 5 28,269 111,590 Sale of business 6 (3,129 ) - Additions 117,221 90,346 Derecognition* (16,285 ) (15,030 ) Repayment (123,606 ) (115,336 ) Effect of movements in exchange rates (18,637 ) 1,650 Balance at end of year 413,039 429,206 * Derecognized lease liabilities include negotiated asset purchases and extinguishments resulting from accidents. The incremental borrowing rate used on average for 2022 is 4.01% (2021 – 2.59%). 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 $9.9 million (2021 – $12.7 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 $377.7 million (2021 - $362.4 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, 2022 was $20.6 million (2021 - $18.9 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, 2022 was $15.2 million (2021 - $15.4 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, 2022 Less than 1 year 129,059 Between 1 and 5 years 260,095 More than 5 years 64,950 454,104 For the year ended December 31, 2022, operating lease expenses of $45.6 million (2021 – $42.4 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, 2022
Disclosure of information about defined benefit plans [abstract]
Employee benefits	16. Employee benefits TFI International pension plans The Group sponsors defined benefit pension plans for 99 of its employees (2021 – 105). These plans are all within Canada and include one unregistered plan. All the defined benefit plans are no longer offered to employees and two defined benefits plans in the past have been converted prospectively to defined contribution plans. Therefore, the future obligation will only vary by actuarial re-measurements. With the exception of one plan, all other plans do not have recurring contributions for employees. These plans are still required to fund past service costs. The remaining plan is 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, 2021 and the next required valuation will be as of December 31, 2022. TForce Freight pension plans Pursuant to the terms of the purchase agreement for TForce Freight, the 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, 2021. Information in the tables that follow pertains to all of the Group’s defined benefit pension plans. December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation 20,189 144,110 164,299 27,127 133,653 160,780 Fair value of plan assets (10,214 ) (158,444 ) (168,658 ) (13,437 ) (80,466 ) (93,903 ) Net defined benefit liability (asset) 9,975 (14,334 ) (4,359 ) 13,690 53,187 66,877 Plan assets comprise: December 31, 2022 December 31, 2021 TFI International pension plans Equity securities 7 % 6 % Debt securities 91 % 89 % Other 2 % 5 % TForce Freight pension plans Equity securities 95 % 48 % Debt securities 5 % 52 % 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. The other asset categories are real estate investment trusts. Movement in the present value of the accrued benefit obligation for defined benefit plans: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension Note plans plans Total plans plans Total Defined benefit obligati o 27,127 133,653 160,780 35,529 - 35,529 Increase through business combinations 5 - - - - 70,261 70,261 Current service cost 539 115,967 116,506 619 54,818 55,437 Interest cost 730 3,522 4,252 814 1,475 2,289 Benefits paid (985 ) (1,283 ) (2,268 ) (4,885 ) (552 ) (5,437 ) Remeasurement (gain) loss arising from: - Demographic - (12,200 ) (12,200 ) - 252 252 - Financial assumptions (4,880 ) (83,707 ) (88,587 ) (1,402 ) 7,399 5,997 - Experience (489 ) (11,463 ) (11,952 ) (426 ) - (426 ) Settlement - 82 82 (3,420 ) - (3,420 ) Effect of movements in exchange rates (1,853 ) (461 ) (2,314 ) 298 - 298 Defined benefit obligation, end of year 20,189 144,110 164,299 27,127 133,653 160,780 Movement in the fair value of plan assets for defined benefit plans: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension Note plans plans Total plans plans Total Fair value of plan assets,beginning of year 13,437 80,466 93,903 21,147 - 21,147 Increase through business combinations 5 - - - - 4,412 4,412 Interest income 348 3,746 4,094 451 100 551 Employer contributions 457 103,099 103,556 815 75,482 76,297 Benefits paid (985 ) (1,283 ) (2,268 ) (4,885 ) (552 ) (5,437 ) Fair value remeasurement (2,066 ) (25,407 ) (27,473 ) (698 ) 1,008 310 Plan administration expenses (59 ) (1,735 ) (1,794 ) (112 ) - (112 ) Settlement - - - (3,475 ) - (3,475 ) Effect of movements in exchange rates (918 ) (442 ) (1,360 ) 194 16 210 Fair value of plan assets, end of year 10,214 158,444 168,658 13,437 80,466 93,903 Expense recognized in income or loss: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Current service cost 539 115,967 116,506 619 54,818 55,437 Net interest cost 382 (224 ) 158 363 1,375 1,738 Plan administration expenses 59 1,735 1,794 112 - 112 Net settlement - 82 82 55 - 55 Pension expense 980 117,560 118,540 1,149 56,193 57,342 Actual return on plan assets (1,718 ) (21,661 ) (23,379 ) (247 ) 1,108 861 Actuarial losses recognized in other comprehensive income: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Amount accumulated in retained earnings, beginning of year 12,174 6,643 18,817 13,304 - 13,304 Recognized during the year (3,303 ) (81,881 ) (85,184 ) (1,130 ) 6,643 5,513 Amount accumulated in retained earnings, end of year 8,871 (75,238 ) (66,367 ) 12,174 6,643 18,817 Recognized during the year, net of tax (2,435 ) (61,073 ) (63,508 ) (833 ) 4,961 4,128 The significant actuarial assumptions used (expressed as weighted average): December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Defined benefit obligation: Discount rate at 5.0 % 5.2 % 3.0 % 2.9 % Future salary increases 1.6 % 2.0 % 1.6 % 2.0 % Employee benefit expense: Discount rate at 2.4 % 5.2 % 5.2 % 2.9 % Rate of return on plan assets at 2.4 % 5.2 % 5.2 % 2.9 % Future salary increases 3.0 % 2.0 % 2.0 % 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, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Longevity at age 65 for current pensioners Males 22.7 19.0 22.7 20.1 Females 24.9 21.4 24.9 22.2 Longevity at age 65 for current members aged 45 Males 23.6 20.6 23.6 21.7 Females 25.8 22.9 25.8 23.7 At December 31, 2022 the weighted average duration of the defined benefit obligation was: TFI International pension plans 9.7 TForce Freig h 18.0 The following table presents the impact of changes of major assumptions on the defined benefit obligation for the years ended: 2022 2021 Increase Decrease Increase Decrease Discount rate (1% movement) (25,536 ) 32,517 (27,922 ) 36,696 Life expectancy (1-year movement) 3,911 (4,122 ) 4,475 (4,650 ) Historical information: 2022 2021 2020 2019 2018 Defined benefit obligation 164,299 160,780 35,529 31,449 27,579 Fair value of plan ass e (168,658 ) (93,903 ) (21,147 ) (18,108 ) (16,581 ) (Surplus) deficit in the plan (4,359 ) 66,877 14,382 13,341 10,998 Experience adjustments arising on plan obligations (112,739 ) 5,823 3,220 2,116 (2,427 ) Experience adjustments arising on plan assets (27,473 ) 310 1,129 467 (815 ) The Group expects contributions of million to be paid to its defined benefit plans in 2023.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2022
Provisions [abstract]
Provisions	17. Provisions Self insurance Other Total Balance at December 31, 2020 47,733 6,522 54,255 Additions through business combinations* 5 125 74,964 75,089 Provisions made during the year 94,885 4,352 99,237 Provisions used during the year (62,836 ) (7,977 ) (70,813 ) Provisions reversed during the year (9,259 ) - (9,259 ) Unwind of discount on long-term provisions (929 ) - (929 ) Effect of movements in exchange rates (252 ) (171 ) (423 ) Balance at December 31, 2021 69,467 77,690 147,157 Additions through business combinations 5 - 280 280 Sale of business 6 (1,465 ) - (1,465 ) Provisions made during the year 126,439 15,372 141,811 Provisions used during the year (80,040 ) (13,470 ) (93,510 ) Provisions reversed during the year (13,236 ) (306 ) (13,542 ) Unwind of discount on long-term provisions (4,153 ) - (4,153 ) Effect of movements in exchange rates (761 ) (178 ) (939 ) Balance at December 31, 2022 96,251 79,388 175,639 As at December 31, 2022 Current provisions 33,918 9,985 43,903 Non-current provisions 62,333 69,403 131,736 96,251 79,388 175,639 As at December 31, 2021* Current provisions 26,771 12,241 39,012 Non-current provisions 42,696 65,449 108,145 69,467 77,690 147,157 * Recasted in fiscal 2022 for adjustments made to 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 3.99% (2021 – 1.3%). Other provisions include mainly litigation provisions of $42.3 million (2021 - $34.6 million) and environmental remediation liabilities of $23.4 million (2021 - $26.5

Deferred tax assets and liabili

Deferred tax assets and liabilities	12 Months Ended
	Dec. 31, 2022
Deferred tax assets and liabilities [abstract]
Deferred tax assets and liabilities	18. Deferred tax assets and liabilities December 31, 2022 December 31, 2021* Property and equipment (360,111 ) (432,334 ) Intangible assets (72,032 ) (78,888 ) Right-of-use assets 7,497 8,025 Employee benefits 23,111 43,821 Provisions 53,818 57,961 Tax losses 5,686 10,272 Other 892 (2,917 ) Net deferred tax liabilities (341,139 ) (394,060 ) Presented as: Deferred tax assets 27,047 29,695 Deferred tax liabilities (368,186 ) (423,755 ) * Recasted in fiscal 2022 for adjustments made to Movement in temporary differences during the year: Balance Recognized Recognized Disposal Acquired Balance December 31, in income directly of in business December 31, 202 1* or loss in equity business combinations 202 2 Property and equipment (432,334 ) 1,397 7,194 67,442 (3,810 ) (360,111 ) Intangible assets (78,888 ) 8,231 1,956 8,490 (11,821 ) (72,032 ) Long-term debt 8,025 (31 ) (497 ) - - 7,497 Employee benefits 43,821 6,711 (27,421 ) - - 23,111 Provisions 57,961 (4,466 ) 406 (1,490 ) 1,407 53,818 Tax losses 10,272 (4,058 ) (545 ) - 17 5,686 Other (2,917 ) 696 2,755 - 358 892 Net deferred tax liabilities (394,060 ) 8,480 (16,152 ) 74,441 (13,848 ) (341,139 ) * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) Balance Recognized Recognized Disposal Acquired Balance December 31, in income directly of in business December 31, 202 0 or loss in equity business combinations * 202 1 Property and equipment (178,087 ) (182 ) 1,402 - (255,467 ) (432,334 ) Intangible assets (73,496 ) 6,443 (790 ) - (11,045 ) (78,888 ) Long-term de b 4,852 3,158 15 - - 8,025 Employee benefits 10,634 3,124 13,384 - 16,679 43,821 Provisions 15,151 14,499 13 - 28,298 57,961 Tax losses 94 (237 ) (210 ) - 10,625 10,272 Other (108 ) (892 ) (1,917 ) - - (2,917 ) Net deferred tax liabilities (220,960 ) 25,913 11,897 - (210,910 ) (394,060 ) * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Share capital and other compone

Share capital and other components of equity	12 Months Ended
	Dec. 31, 2022
Share Capital And Other Components Of Equity [Abstract]
Share capital and other components of equity	19. 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 preferred shares may be issued in one or more series, with such rights and conditions as may be determined by resolution of the Directors who shall determine the designation, rights, privileges, conditions and restrictions to be attached to the preferred shares of such series. There are no voting rights attached to the preferred shares except as prescribed by law. In the event of the liquidation, dissolution or winding-up of the Company, or any other distribution of assets of the Company among its shareholders, the holders of the preferred shares of each series are entitled to receive, with priority over the common shares and any other shares ranking junior to the preferred shares of the Company, an amount equal to the redemption price for such shares, plus an amount equal to any dividends declared thereon but unpaid and not more. The preferred shares for each series are also entitled to such other preferences over the common shares and any other shares ranking junior to the preferred shares as may be determined as to their respective series authorized to be issued. The preferred shares of each series shall be on a parity basis with the preferred shares of every other series with respect to payment of dividends and return of capital. There are no preferred shares currently issued and outstanding. The following table summarizes the number of common shares issued: (in number of shares) Note 2022 2021 Balance, beginning of year 92,152,893 93,397,985 Repurchase and cancellation of own shares (6,368,322 ) (2,157,862 ) Stock options exercised 21 754,988 912,770 Balance, end of period 86,539,559 92,152,893 The following table summarizes the share capital issued and fully paid: 2022 2021 Balance, beginning of year 1,133,181 1,120,049 Repurchase and cancellation of own shares (68,536 ) (23,449 ) Cash consideration of stock options exercised 16,502 20,114 Ascribed value credited to share capital on stock options exercised, net of tax 6,298 6,210 Issuance of shares on settlement of RSUs, net of tax 1,784 10,257 Balance, end of year 1,089,229 1,133,181 Pursuant to the normal course issuer bid (“NCIB”) which began on November 2, 2022 and ending on November 1, 2023, the Company is authorized to repurchase for cancellation up to a maximum of 6,370,199 of its common shares under certain conditions. As at December 31, 2022, and since the inception of this NCIB, the Company has repurchased and cancelled 436,820 shares. During 2022, the Company repurchased 6,368,322 common shares at a weighted average price of $89.19 per share for a total purchase price of $568.0 million relating to the NCIB. During 2021, the Company repurchased 2,157,862 common shares at a weighted average price of $91.83 per share for a total purchase price of $198.2 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 $499.4 million (2021 – $174.7 million) was charged to retained earnings as share repurchase premium. Contributed surplus The contributed surplus account is used to record amounts arising on the issue of equity-settled share-based payment awards (see note 21). Accumulated other comprehensive income (“AOCI”) At December 31, 2022 and 2021, AOCI is comprised of accumulated foreign currency translation differences arising from the translation of the financial statements of foreign operations, financial assets measured at fair value through OCI, gain or loss on net investment hedge, realized gains on investments and defined benefit plan remeasurement gain or loss. Dividends In 2022, the Company declared quarterly dividends amounting to a total of $1.16 per outstanding common share when the dividend was declared (2021 – $0.96) for a total of $102.6 million (2021 - $89.1 million). On February 22, 2023, the Board of Directors approved a quarterly dividend of $0.35 per outstanding common share of the Company’s capital, for an expected aggregate payment of $30.3 million to be paid on April 17, 2023 to shareholders of record at the close of business on March 31, 2023.

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Earnings per share	20. 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) 2022 2021* Net income 823,232 754,405 Issued common shares, beginning of period 92,152,893 93,397,985 Effect of stock options exercised 314,112 593,740 Effect of repurchase of own shares (3,107,423 ) (937,480 ) Weighted average number of common shares 89,359,582 93,054,245 Earnings per share – basic (in dollars) 9.21 8.11 * Recasted in fiscal 2022 for adjustments made to 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) 2022 2021 * Net income 823,232 754,405 Weighted average number of common shares 89,359,582 93,054,245 Dilutive effect: Stock options and restricted share units 1,898,097 2,281,778 Weighted average number of diluted common shares 91,257,679 95,336,023 Earnings per share - diluted (in dollars) 9.02 7.91 * Recasted in fiscal 2022 for adjustments made to As at December 31, 2022, no stock options were excluded from the calculation of diluted earnings per share (2021 – 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, 2022
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share-based payment arrangements	21. 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) 2022 2021 Weighted Weighted Number average Number average of exercise of exercise options price options price Balance, beginning of year 2,061 25.70 2,982 24.65 Exercised (755 ) 21.84 (913 ) 22.30 Forfeited (4 ) 40.41 (8 ) 23.70 Balance, end of year 1,302 27.89 2,061 25.70 Options exercisable, end of year 1,273 27.60 1,705 24.27 The following table summarizes information about stock options outstanding and exercisable at December 31, 2022: (in thousands of options and in dollars) Options outstanding Options exercisable Exercise prices Number Weighted average remaining contractual life (in years ) Number of options 18.83 128 0.6 128 26.82 164 1.1 164 23.70 325 2.1 325 30.71 607 3.2 607 40.41 78 4.6 49 1,302 2.5 1,273 Of the options outstanding at December 31, 2022, a total of 1,106,883 (2021 – 1,669,767) are held by key management personnel. The weighted average share price at the date of exercise for stock options exercised in 2022 was $99.32 (2021 – $87.65). In 2022, the Group recognized a compensation expense of $0.4 million (2021 - $1.0 million) with a corresponding increase to contributed surplus. No stock options were granted during 2022 and 2021 under the Company’s stock option plan. Deferred share unit plan for board members (cash-settled) The Company offers a deferred share unit (“DSU”) plan for its board members. Under this plan, until December 31, 2020, board members may 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) 2022 2021 Balance, beginning of year 306,554 373,926 Paid - (71,709 ) Dividends paid in units 3,574 4,337 Balance, end of year 310,128 306,554 In 2022, the Group recognized, as a result of the cash-settled director compensation plan, a compensation expense of $ 1.2 million (2021 – $ 1.1 million). In personnel expenses, the Group recognized a mark-to-market gain on DSUs of $ 1.3 million (2021 – loss of $ 22.9 million). As at December 31, 2022, the total carrying amount of liabilities for cash-settled arrangements recorded in trade and other payables amounted to $ 31.0 million (2021 – $ 34.4 million). Effective Performance contingent 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 7, 2022, the Company granted a total of 63,404 RSUs under the Company’s equity incentive plan of which 39,750 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 $98.27 per unit. On April 28, 2022, the Company granted a total of 10,815 RSUs under the Company’s equity incentive plan of which 10,815 were granted to the directors of the Company under On February 8, 2021, the Company granted a total of 78,122 RSUs under the Company’s equity incentive plan of which 51,328 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 $70.59 per unit. On April 27, 2021, the Company granted a total of 12,924 RSUs under the Company’s equity incentive plan of which 12,924 were granted to the directors of the Company under the new director compensation plan. The On December 20, 2021, the Company granted a total of 34,221 RSUs under the Company’s equity incentive plan of which 34,221 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 RSUs vest on April 30, 2022. The fair value of the RSUs granted was $103.66 per unit. The table below summarizes changes to the outstanding RSUs: (in thousands of RSUs and in dollars) 2022 2021 Number of RSUs Weighted average grant date fair value Number of RSUs Weighted average grant date fair value Balance, beginning of year 272 54.27 299 31.54 Granted 74 96.04 125 80.29 Reinvested 3 60.68 4 37.90 Settled (49 ) 93.80 (153 ) 30.70 Settled on sale of business (15 ) 44.19 - - Forfeited (13 ) 71.13 (3 ) 53.12 Balance, end of year 272 58.33 272 54.27 The following table summarizes information about RSUs outstanding and exercisable as at December 31, 2022: (in thousands of RSUs and in dollars) RSUs outstanding Grant date fair value Number of RSUs Remaining contractual life (in years) 32.41 131 0.1 83.28 11 0.3 70.59 71 1.1 98.27 59 2.1 272 0.8 On August 31, 2022, due to the sale of CFI’s truckload, Temp Control and Mexican non-asset logistics businesses, a total of 22,876 RSUs were cancelled (14,630 RSUs settled and 8,246 RSUs forfeited), and the employees were compensated based on the plan terms, which require unvested awards to be forfeited and vested awards to be paid out in cash equal to the fair value of the shares. The weighted average share price at the date of settlement of RSUs was $104.28. The Group expensed the total initial grant date fair value of the settled RSUs and the excess of the price paid over the carrying value of shares, in the amount of $0.8 million, was accounted for as repurchase of an equity interest and charged to retained earnings. The weighted average share price at the date of settlement of the other RSUs vested in 2022 was $83.28 (2021 – $107.76). The excess of the purchase price paid to repurchase shares on the market over the carrying value of awarded RSUs, in the amount of $1.2 million (2021 – $18.9 million), was charged to retained earnings as share repurchase premium. In 2022, the Group recognized, as a result of RSUs, a compensation expense of $6.9 million (2021 - $8.2 million) with a corresponding increase to contributed surplus. Of the RSUs outstanding at December 31, 2022, a total of 171,790 (2021 – 171,222) are held by key management personnel. Performance share units On February 7, 2022, the Company granted a total of 63,404 PSUs under the Company’s equity incentive plan of which 39,750 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 $100.43 per unit as at grant date and $112.71 per unit as at December 31, 2022 On February 8, 2021, the Company granted a total of 78,122 PSUs under the Company’s equity incentive plan of which 51,328 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 $89.64 per unit as at grant date and $114.35 per unit as at December 31, 2022 (2021 - $105.53 per unit). The table below summarizes changes to the outstanding PSUs: (in thousands of PSUs and in dollars) 2022 2021 Weighted Weighted Number average Number average of grant date of grant date PSUs fair value PSUs fair value Balance, beginning of year 226 52.25 147 32.41 Granted 63 100.43 78 89.64 Reinvested 3 62.94 3 45.64 Settled (6 ) 47.77 - - Added due to performance conditions 22 50.87 - - Settled on sale of business (28 ) 46.85 - - Forfeited (19 ) 75.59 (2 ) 41.65 Balance, end of year 261 62.87 226 52.25 The following table summarizes information about PSUs outstanding and exercisable as at December 31, 2022: (in thousands of PSUs and in dollars) PSUs outstanding Remaining Number of contractual life Grant date fair value PSUs (in years) 32.41 132 0.1 89.64 70 1.1 100.43 59 2.1 261 0.8 On August 31, 2022, due to the sale of CFI’s truckload, Temp Control and Mexican non-asset logistics businesses, a total of 41,380 PSUs, including 18,504 PSUs added for performance conditions met as per PSU plan terms, were cancelled (28,442 PSUs settled and 12,938 PSUs forfeited), and the employees were compensated based on the plan terms, which require unvested awards to be forfeited and vested awards to be paid out in cash equal to the fair value of the shares. The weighted average share price at the date of settlement of PSUs was $104.28. The Group expensed the total fair value of the settled PSUs and the excess of the price paid over the carrying value of shares, in the amount of $0.8 million, was accounted for as repurchase of an equity interest and charged to retained earnings. In 2022, the Group recognized, as a result of PSUs, a compensation expense of $7.3 million (2021 - $6.2 million) with a corresponding increase to contributed surplus. Of the PSUs outstanding at December 31, 2022, a total of 171,790 (2021 – 138,141) are held by key management personnel.

Materials and services expenses

Materials and services expenses	12 Months Ended
	Dec. 31, 2022
Material income and expense [abstract]
Materials and services expenses	22. 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. 2022 2021 Independent contractors 3,394,544 2,911,393 Vehicle operation expenses 1,197,647 904,060 4,592,191 3,815,453

Personnel expenses

Personnel expenses	12 Months Ended
	Dec. 31, 2022
Personnel Expense [Abstract]
Personnel expenses	23. Personnel expenses Note 2022 2021 Short-term employee benefits 2,216,769 1,863,907 Contributions to defined contribution plans 9,570 9,323 Current and past service costs related to defined benefit plans 16 116,506 55,437 Termination benefits 6,688 6,053 Equity-settled share-based payment transactions 21 14,648 15,424 Cash-settled share-based payment transactions 21 (1,325 ) 23,937 2,362,856 1,974,081 In 2020, the Canada Emergency Wage Subsidy (“CEWS”) was established to enable Canadian employers to re-hire workers previously laid off, help prevent further job losses, and to better position themselves to resume normal operations following the COVID-19 pandemic declaration and crisis. During 2021, certain legal entities within the Company qualified for the CEWS resulting in a $12.3 million (2022 - nil) subsidy that was recorded and offset against personnel expenses, presented in short-term employee benefits, in the consolidated statement of income.

Finance Income and Finance Cost

Finance Income and Finance Costs	12 Months Ended
	Dec. 31, 2022
Disclosure Of Finance Income And Finance Costs [Abstract]
Finance income and finance costs	24. Finance income and finance costs Recognized in income or loss: Costs (income) 2022 2021 Interest expense on long-term debt and amortization of deferred financing fees 52,230 45,953 Interest expense on lease liabilities 13,264 13,521 Interest income (1,750 ) (2,187 ) Net change in fair value and accretion expense of contingent considerations 216 1,932 Net foreign exchange loss (gain) 556 (1,471 ) Net impact of early repayment of contingent consideration - (1,469 ) Other financial expenses 15,881 16,739 Net finance costs 80,397 73,018 Presented as: Finance income (1,750 ) (5,127 ) Finance costs 82,147 78,145

Income tax expense

Income tax expense	12 Months Ended
	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Income tax expense	25. Income tax expense Income tax recognized in income or loss: 2022 2021 Current tax expense Current period 263,877 179,821 Adjustment for prior periods (12,988 ) (2,102 ) 250,889 177,719 Deferred tax expense (recovery) Origination and reversal of temporary differences (19,834 ) (27,427 ) Variation in tax rate (242 ) 175 Adjustment for prior periods 11,596 1,339 (8,480 ) (25,913 ) Income tax expense 242,409 151,806 Income tax recognized in other comprehensive income: 2022 2021 Tax Tax Before (benefit ) Net of Before (benefit ) Net of tax expense tax Tax expense tax Foreign currency translation differences (10,148 ) - (10,148 ) 12,960 - 12,960 Defined benefit plan remeasurement gains (losses) 85,184 21,676 63,508 (5,513 ) (1,385 ) (4,128 ) Employee benefit 304 12 292 124 37 87 Loss on net investment hedge (76,141 ) (4,095 ) (72,046 ) (17,894 ) (2,352 ) (15,542 ) Change in fair value of investment in equity securities (6,573 ) (1,078 ) (5,495 ) 27,803 3,656 24,147 (7,374 ) 16,515 (23,889 ) 17,480 (44 ) 17,524 Reconciliation of effective tax rate: 2022 2021 ** Income before income tax 1,065,641 906,211 Income tax using the Company’s statutory tax rate 26.5 % 282,395 26.5 % 240,146 Increase (decrease) resulting from: Rate differential between jurisdictions -0.2 % (2,206 ) -0.3 % (2,297 ) Variation in tax rate 0.0 % (242 ) 0.0 % 175 Non deductible expenses 0.3 % 3,105 0.6 % 5,670 Tax deductions and tax exempt income* -3.8 % (40,172 ) -10.2 % (92,355 ) Adjustment for prior periods -0.1 % (1,392 ) -0.1 % (763 ) Multi-jurisdiction tax 0.1 % 921 0.1 % 1,230 22.7 % 242,409 16.8 % 151,806 * Tax deductions and tax exempt income for 2022 is mainly due to the gain on sale of business recorded on the sale of CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses resulting in no taxes. In 2021, tax deductions and tax exempt income is mainly due to the tax exempt bargain purchase gain recorded on the acquisition of UPS Freight, which was recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) ** Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Financial instruments and finan

Financial instruments and financial risk management	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Financial instruments and financial risk management	26. 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 85.3% (2021 – 89.7%) of the Group’s trade receivables are not past due or 30 days or less past due; • Bad debt expense has been less than 0.2% of consolidated revenues for the last 2 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 1,030,726 1,056,023 Impairment losses The aging of trade and other receivables at the reporting date was: Total 2022 Impairment 2022 Total 2021 Impairment 2021 Not past due 696,357 1,124 772,077 462 Past due 1 – 30 days 184,907 2,904 178,641 2,732 Past due 31 – 60 days 83,676 8,712 63,634 8,195 Past due more than 60 days 94,824 16,298 68,988 15,928 1,059,764 29,038 1,083,340 27,317 The movement in the allowance for expected credit loss in respect of trade and other receivables during the year was as follows: 2022 2021 Balance, beginning of year 27,317 11,528 Business combinations 127 9,561 Sale of business (1,914 ) - Bad debt expenses 19,644 10,854 Amount written off and recoveries (14,129 ) (4,372 ) Effect of movements in exchange rates (2,007 ) (254 ) Balance, end of year 29,038 27,317 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 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 $911.8 million availability as at December 31, 2022 (2021 - $747.6 million) and an additional $185.8 million credit available (CAD $245 million and USD $5 million). The additional credit is available under certain conditions under the Group’s syndicated bank agreement (2021 - $198.9 million, CAD $245 million and USD $5 million). 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 2022 Trade and other payables 708,768 708,768 708,768 - - - Long-term debt 1,315,757 1,659,085 80,916 268,727 229,969 1,079,473 Other financial liability 8,775 8,775 8,775 - - - 2,033,300 2,376,628 798,459 268,727 229,969 1,079,473 2021 * Trade and other payables 861,908 861,908 861,908 - - - Long-term debt 1,608,094 1,896,085 404,454 283,736 463,538 744,357 Other financial liability 8,674 8,674 1,561 7,056 57 - 2,478,676 2,766,667 1,267,923 290,792 463,595 744,357 * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) 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, 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. 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 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: 2022 2021 Trade and other receivables 50,732 50,192 Trade and other payables (8,301 ) (4,804 ) Long-term debt (1,079,774 ) (903,556 ) Balance sheet exposure (1,037,343 ) (858,168 ) Long-term debt designated as investment hedge 1,080,000 900,000 Net balance sheet exposure 42,657 41,832 The Group estimates its annual net USD denominated cash flow from operating activities at approximately $710 million (2021 - $720 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 1.3013 1.2535 Closing USD as at 1.3554 1.2637 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 2021. 2022 2021 1-cent 1-cent 1-cent 1-cent Increase Decrease Increase Decrease Balance sheet exposure (7,653 ) 7,653 (6,791 ) 6,791 Long-term debt designated as investment hedge 7,968 (7,968 ) 7,122 (7,122 ) Net balance sheet exposure 315 (315 ) 331 (331 ) 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 ere At December 31, 2022 and 2021, the interest rate profile of the Group’s carrying amount interest-bearing financial instruments excluding the effects of interest rate derivatives was: 2022 2021 Fixed rate instruments 1,315,757 1,044,244 Variable rate instruments - 563,850 1,315,757 1,608,094 The fair value of the interest rate swaps has been estimated using industry standard valuation models which use rates published on financial capital markets, adjusted for credit risk. 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. Cash flow sensitivity analysis for variable rate instruments A 1% change in interest rates at the reporting date would have increased (decreased) equity and net income or net loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. The analysis is performed on the same basis for 2021 . 2022 2021 1% increase 1% decrease 1% increase 1% decrease Interest on variable rate instrument - - (4,156 ) 4,156 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 level of borrowings and the advantages and security by 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: 2022 2021* Long-term debt 1,315,757 1,608,094 Shareholders’ equity 2,463,070 2,310,355 Debt-to-equity ratio 0.53 0.70 Debt-to-capitalization ratio 1 0.35 0.41 1 * Recasted in fiscal 2022 for adjustments made to There were no changes in the Group’s approach to capital management during the year. The Group’s credit facility agreement requires monitoring 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”), and, 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, 2022 and 2021, 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 need, 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, 2022 December 31, 2021 * Carrying Fair Carrying Fair Amount Value Amount Value Financial assets Assets carried at fair value Investment in equity securities 85,964 85,964 31,391 31,391 Assets carried at amortized cost Trade and other receivables 1,030,726 1,030,726 1,056,023 1,056,023 1,116,690 1,116,690 1,087,414 1,087,414 Financial liabilities Liabilities carried at fair value Other financial liability 19,657 19,657 18,599 18,599 Liabilities carried at amortized cost Trade and other payables 708,768 708,768 861,908 861,908 Long-term debt 1,315,757 1,300,591 1,608,094 1,378,813 2,044,182 2,029,016 2,488,601 2,259,320 * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) Interest rates used for determining fair value The interest rates used to discount estimated cash flows, when applicable, are based on the government yield curve at December 31 plus an adequate credit spread, and were as follows: 2022 2021 Long-term debt 3.4 % 2.1 % Fair value hierarchy 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, 2022. 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, 2022
Disclosure Of Commitments And Contingencies [Abstract]
Contingencies, letters of credit and other commitments	27. 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, 2022, the Group had $66.8 million of outstanding letters of credit (2021 - $47.4 million). c) Other commitments As at December 31, 2022, the Group had $149.8 million of purchase commitments (2021 – $75.1 million) and $13.9 million of purchase orders for leases that the Group intends to enter into and that are expected to materialize within a year (2021 – $13.2 million).

Related parties

Related parties	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Related parties	28. 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’s 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 2 1 Key management personnel compensation comprised: 2022 2021 Short-term benefits 16,858 14,427 Post-employment benefits 800 793 Equity-settled share-based payment transactions 10,874 11,031 28,532 26,251

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2022
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	29. Subsequent events Subsequent to year end the Company acquired businesses for a cash total of million and contingent consideration remaining to be evaluated, including the

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Basis of consolidation	a) Basis of consolidation i) Business combinations 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. 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 judgement 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. iv) Derivative financial instruments The Group uses derivative financial instruments to manage its foreign currency and interest rate risk exposures. Embedded derivatives are separated from the host contract and accounted for separately if the economic characteristics and risks of the host contract and the embedded derivative are not closely related, a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative, and the combined instrument is not measured at fair value through income or loss. Derivatives and embedded derivatives are recognized initially at fair value; related transaction costs are recognized in income or loss as incurred. Subsequent to initial recognition, derivatives and embedded derivatives are measured at fair value, and changes therein are recognized in net change in fair value of foreign exchange derivatives in income or loss with the exception of net change in fair value of cross currency interest rate swap contracts recognized in net foreign exchange gain or loss in income or loss.
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
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. 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.
Inventoried supplies	h) Inventoried supplies Inventoried supplies consist primarily of repair parts and fuel and are measured at the lower of cost and net realizable value.
Impairment	i) 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, 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	j) 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	k) 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, 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 are to be settled in cash, is recognized as an expense with a corresponding increase in liabilities. The liability is remeasured at each reporting date until settlement. The Group presents 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	l) 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	m) 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	n) Other operating expenses Other operating expenses consist primarily of third-party commissions, transitional service agreement fees, information technology support and software expenses, building expenses (including repairs and maintenance, electricity, janitorial & security services and property taxes).
Finance income and finance costs	o) Finance income and finance costs Finance income comprises interest income on funds invested, dividend income and interest and accretion on promissory note. 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	p) 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	q) 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, and restricted share units and stock options granted to employees.
Segment reporting	r) 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.
Government grants	s) Government grants The Group recognizes a government grant when there is reasonable assurance it will comply with the conditions required to qualify for the grant, and that the grant will be received. The Group recognizes government grants as a reduction to the expense that the grant is intended to offset.
New standards and interpretations adopted during the year	t) 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 interim periods beginning on or after January 1, 2022 and have been applied in preparing these consolidated financial statements. Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37) On May 14, 2020, the IASB issued Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37). The amendments are effective for annual periods beginning on or after January 1, 2022 and apply to contracts existing at the date when the amendments are first applied. Early adoption is permitted. IAS 37 does not specify which costs are included as a cost of fulfilling a contract when determining whether a contract is onerous. The IASB’s amendments address this issue by clarifying that the “costs of fulfilling a contract” comprise both: · the incremental costs – e.g. direct labour and materials; and · an allocation of other direct costs – e.g. an allocation of the depreciation charge for an item of property and equipment used in fulfilling the contract. The adoption of the amendments did not have a material impact on the Group’s consolidated financial statements. New standards and interpretations not yet adopted The following new standards are not yet effective for the year ended December 31, 2022, and have not 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. Early adoption is permitted. 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 extent of the impact of adoption of the amendments has not yet been determined. Definition of Accounting Estimates (Amendments to IAS 8) On February 12, 2021, the IASB issued Definition of Accounting Estimates (Amendments to IAS 8). The amendments are effective for annual periods beginning on or after January 1, 2023. Early adoption is permitted. The amendments introduce a new definition for accounting estimates, clarifying that they are monetary amounts in the financial statements that are subject to measurement uncertainty. The amendments also clarify the relationship between accounting policies and accounting estimates by specifying that a company develops an accounting estimate to achieve the objective set out by an accounting policy. The adoption of the amendments is not expected to have a material impact. 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. Early adoption is permitted. 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 extent of the impact of adoption of the amendments has not yet been determined.

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022
Disclosure of operating segments [abstract]
Information Regarding Results of Reportable Segment	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. Package Less- and Than- Courier Truckload Truckload Logistics Corporate Eliminations Total 2022 Revenue (1) 498,972 3,243,556 1,986,331 1,689,122 - (60,917 ) 7,357,064 Fuel surcharge (1) 151,872 779,607 464,707 74,158 - (14,917 ) 1,455,427 Total revenue (1) 650,844 4,023,163 2,451,038 1,763,280 - (75,834 ) 8,812,491 Operating income 134,306 470,807 366,868 140,446 33,611 - 1,146,038 Selected items: Depreciation and amortization 26,532 152,666 212,430 38,244 721 - 430,593 Gain on sale of land and buildings - - 43 - - - 43 Gain on sale of assets held for sale - 55,714 22,197 - - - 77,911 Gain on sale of business - - - - 73,653 - 73,653 Intangible assets 180,119 167,798 775,464 468,547 182 - 1,592,110 Total assets 362,724 2,275,672 1,861,093 731,564 274,777 - 5,505,830 Total liabilities 126,383 836,937 464,962 239,916 1,374,687 (125 ) 3,042,760 Additions to property and equipment 15,097 168,667 165,953 1,150 402 - 351,269 2021* Revenue (1)(2) 560,147 2,440,640 1,901,157 1,620,926 - (54,085 ) 6,468,785 Fuel surcharge (1)(2) 81,302 374,750 261,595 41,146 - (7,149 ) 751,644 Total revenue (1) 641,449 2,815,390 2,162,752 1,662,072 - (61,234 ) 7,220,429 Operating income (loss) 108,440 572,798 230,189 142,794 (74,992 ) - 979,229 Selected items: Depreciation and amortization 26,404 116,060 211,561 38,208 799 - 393,032 Loss on sale of land and buildings - (16 ) - (3 ) - - (19 ) Gain on sale of assets held for sale - 1,640 10,569 - - - 12,209 Loss on sale of intangible assets (1 ) - - - - - (1 ) Bargain purchase gain (3) - 271,593 - 12,000 - - 283,593 Intangible assets 193,765 188,604 955,608 454,612 332 - 1,792,921 Total assets 379,881 2,351,138 2,317,615 746,638 88,391 - 5,883,663 Total liabilities 128,599 957,148 559,438 248,122 1,680,135 (134 ) 3,573,308 Additions to property and equipment 19,347 65,543 181,313 809 161 - 267,173 (1) * Recasted for: (2) (3)
Summary of Geographical information	Geographical information Revenue is attributed to geographical locations based on the origin of service’s location. Package Less- and Than- Courier Truckload Truckload Logistics Eliminations Total 2022 Canada 650,844 667,506 1,182,198 256,714 (34,202 ) 2,723,060 United States - 3,355,657 1,268,840 1,488,941 (41,632 ) 6,071,806 Mexico - - - 17,625 - 17,625 Total 650,844 4,023,163 2,451,038 1,763,280 (75,834 ) 8,812,491 2021 Canada 641,449 576,311 912,166 269,568 (31,193 ) 2,368,301 United States - 2,239,079 1,250,586 1,370,843 (30,041 ) 4,830,467 Mexico - - - 21,661 - 21,661 Total 641,449 2,815,390 2,162,752 1,662,072 (61,234 ) 7,220,429 Segment assets are based on the geographical location of the assets. As at As at December 31, 2022 December 31, 2021 * Property and equipment, right-of-use assets and intangible assets Canada 1,848,746 1,933,050 United States 2,256,959 2,698,630 Mexico - 14,915 4,105,705 4,646,595 * Recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2022
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 purchase price allocation based on the best information available to the Group to date : Identifiable assets acquired and liabilities assumed Note December 31, 2022* Cash and cash equivalents 863 Trade and other receivables 28,231 Inventoried supplies and prepaid expenses 2,179 Property and equipment 9 70,959 Right-of-use assets 10 28,269 Intangible assets 11 45,740 Other assets 368 Trade and other payables (10,327 ) Income tax payable (1,465 ) Provisions 17 (280 ) Lease liabilities 15 (28,269 ) Deferred tax liabilities 1 8 (13,848 ) Total identifiable net assets 122,420 Total consideration transferred 181,608 Goodwill 11 59,188 Cash 159,114 Contingent consideration 22,494 Total consideration transferred 181,608 * Includes non-material adjustments to prior year’s acquisitions The table below presents the purchase price allocation as at December 31, 2021: Identifiable assets acquired and liabilities assumed UPS Freight Note (reassessed - see note 5d))* Others** December 31, 2021 Cash and cash equivalents 6 11,570 11,576 Trade and other receivables 328,468 23,806 352,274 Inventoried supplies and prepaid expenses 26,643 3,500 30,143 Property and equipment 9 1,309,465 86,872 1,396,337 Right-of-use assets 10 100,971 10,619 111,590 Intangible assets 11 18,856 25,914 44,770 Other assets 8,133 65 8,198 Trade and other payables (209,474 ) (14,470 ) (223,944 ) Income tax payable - (2,668 ) (2,668 ) Employee benefits (65,849 ) - (65,849 ) Provisions 17 (74,867 ) (222 ) (75,089 ) Other non-current liabilities (56 ) (6 ) (62 ) Long-term debt 14 - (3,484 ) (3,484 ) Lease liabilities 15 (100,971 ) (10,619 ) (111,590 ) Deferred tax liabilities 1 8 (193,125 ) (17,785 ) (210,910 ) Total identifiable net assets 1,148,200 113,092 1,261,292 Total consideration transferred 864,607 162,313 1,026,920 Goodwill 1 1 - 49,221 49,221 Bargain purchase gain (283,593 ) - (283,593 ) Cash 864,607 155,100 1,019,707 Contingent consideration - 7,213 7,213 Total consideration transferred 864,607 162,313 1,026,920 * Recasted in fiscal 2022 for adjustments made to provisional * *Includes non-material adjustments to prior year’s acquisitions
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 ($859.2 million) and customer relationships ($12.0 million) acquired regarding UPS Freight were as follows: Assets acquired Valuation technique Key inputs Land and buildings Market comparison technique and cost technique - Market prices for comparable sites - Average rebuild cost Customer relationships Excess earnings method: - Forecasted revenue attributable to existing customers and relationships - Annual attrition rate - Forecasted operating margin - 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, 2022* December 31, 2021* Canadian Less-Than-Truckload Less-Than-Truckload - (225 ) Canadian Truckload Truckload 811 4,079 Specialized Truckload Truckload 35,865 42,546 U.S. Truckload Truckload - 2,846 Logistics Logistics 22,512 (25 ) 59,188 49,221 * Includes non-material adjustments to prior year’s acquisitions
Disclosure of information about fair value of assets acquired and liabilities assumed have been adjusted retrospective to the date of acquisition explanatory	As a result a final bargain purchase gain in the amount of $283.6 million was recognized in the statement of income for the year ended December 31, 2021. Dec. 31, 2021 Q2-2022 Final Cash and cash equivalents 6 - 6 Trade and other receivables 328,468 - 328,468 Inventoried supplies and prepaid expenses 26,643 - 26,643 Property and equipment 1,186,198 123,267 1,309,465 Right-of-use assets 100,971 - 100,971 Intangible assets 18,856 - 18,856 Other assets 860 7,273 8,133 Trade and other payables (208,928 ) (546 ) (209,474 ) Income tax payable 302 (302 ) - Employee benefits (65,849 ) - (65,849 ) Provisions (50,352 ) (24,515 ) (74,867 ) Other non-current liabilities (56 ) - (56 ) Lease liabilities (100,971 ) - (100,971 ) Deferred tax liabilities (177,992 ) (15,133 ) (193,125 ) Total identifiable net assets 1,058,156 90,044 1,148,200 Total consideration transferred 864,607 - 864,607 Bargain purchase gain (193,549 ) (90,044 ) (283,593 ) Total consideration transferred 864,607 - 864,607

Sale of business (Tables)

Sale of business (Tables)	12 Months Ended
	Dec. 31, 2022
Sale of business [Abstract]
Summary of Disposal of Net Assets	The table below presents the net assets disposed: Note December 31, 2022 Cash and cash equivalents 6,790 Trade and other receivables 77,877 Inventoried supplies and prepaid expenses 7,856 Property and equipment 9 321,123 Right-of-use assets 10 3,203 Intangible assets 11 42,599 Goodwill 11 144,551 Other assets 306 Accumulated other comprehensive income - CTA 2,737 Trade and other payables (46,776 ) Income tax payable (564 ) Employee benefits (1,302 ) Provisions 17 (1,465 ) Lease liabilities 15 (3,129 ) Deferred tax liabilities 18 (74,441 ) Total identifiable net assets 479,365 Total consideration received 553,018 Gain on sale of business 73,653
Summary of Goodwill Disposed Allocated to Operating Segments	The goodwill disposed of was 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, 2022 U.S. Truckload Truckload 141,056 Logistics Logistics 3,495 144,551

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other current receivables [abstract]
Summary of Detailed Information about Trade and Other Receivables	December 31, 2022 December 31, 2021 Trade receivables, net of expected credit loss 966,428 986,783 Other receivables 64,298 69,240 1,030,726 1,056,023

Additional cash flow informat_2

Additional cash flow information (Tables)	12 Months Ended
	Dec. 31, 2022
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 2022 2021 Trade and other receivables (59,105 ) (101,664 ) Inventoried supplies (1,498 ) (1,233 ) Prepaid expenses 9,924 (9,455 ) Trade and other payables (96,774 ) 154,292 (147,453 ) 41,940

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of Property and Equipment	Note Land and Rolling Equipment Total Cost Balance at December 31, 2020 314,804 1,267,617 134,234 1,716,655 Additions through business combinations** 5 889,657 445,656 61,024 1,396,337 Other additions 36,902 217,080 13,191 267,173 Disposals (1,473 ) (177,992 ) (8,773 ) (188,238 ) Transfer from right-of-use assets - 21,474 - 21,474 Reclassification (to) from assets held for sale (8,843 ) 1,023 - (7,820 ) Effect of movements in exchange rates 2,221 (2,395 ) 1,089 915 Balance at December 31, 2021 1,233,268 1,772,463 200,765 3,206,496 Additions through business combinations* 5 2,003 66,240 2,716 70,959 Other additions 46,928 286,277 18,064 351,269 Disposals (678 ) (122,946 ) (9,370 ) (132,994 ) Sale of business 6 (31,356 ) (452,547 ) (1,817 ) (485,720 ) Reclassification to assets held for sale (67,203 ) - - (67,203 ) Effect of movements in exchange rates (15,972 ) (47,939 ) (5,570 ) (69,481 ) Balance at December 31, 2022 1,166,990 1,501,548 204,788 2,873,326 Accumulated Depreciation Balance at December 31, 2020 59,817 494,322 88,088 642,227 Depreciation 16,301 187,895 20,811 225,007 Disposals (1,332 ) (110,341 ) (8,347 ) (120,020 ) Transfer from right-of-use assets - 5,746 - 5,746 Reclassification (to) from assets held for sale (2,997 ) 424 - (2,573 ) Effect of movements in exchange rates 223 (153 ) 898 968 Balance at December 31, 2021 72,012 577,893 101,450 751,355 Depreciation 21,353 203,431 23,854 248,638 Disposals (137 ) (56,549 ) (7,191 ) (63,877 ) Sale of business 6 (6,837 ) (157,618 ) (142 ) (164,597 ) Reclassification to assets held for sale (5,426 ) - - (5,426 ) Effect of movements in exchange rates 2,175 (23,885 ) (3,012 ) (24,722 ) Balance at December 31, 2022 83,140 543,272 114,959 741,371 Net carrying amounts At December 31, 2021 1,161,256 1,194,570 99,315 2,455,141 At December 31, 2022 1,083,850 958,276 89,829 2,131,955 * Includes non-material adjustments to prior year’s acquisitions ** Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
Summary of Right-of-Use Assets	Note Land and buildings Rolling stock Equipment Total Cost Balance at December 31, 2020 452,106 191,164 2,290 645,560 Transfer to property and equipment - (21,474 ) - (21,474 ) Other additions 37,768 51,494 1,084 90,346 Additions through business combinations* 5 57,916 52,465 1,209 111,590 Derecognition** (39,842 ) (40,434 ) (668 ) (80,944 ) Effect of movements in exchange rates 2,329 495 (12 ) 2,812 Balance at December 31, 2021 510,277 233,710 3,903 747,890 Other additions 62,353 53,906 962 117,221 Additions through business combinations* 5 14,217 14,052 - 28,269 Sale of business 6 (238 ) (5,780 ) - (6,018 ) Derecognition** (31,475 ) (34,221 ) (977 ) (66,673 ) Effect of movements in exchange rates (26,343 ) (9,624 ) (91 ) (36,058 ) Balance at December 31, 2022 528,791 252,043 3,797 784,631 Depreciation Balance at December 31, 2020 232,541 74,503 1,231 308,275 Transfer to property and equipment - (5,746 ) - (5,746 ) Depreciation 59,719 51,953 1,110 112,782 Derecognition** (35,691 ) (30,926 ) (579 ) (67,196 ) Effect of movements in exchange rates 938 308 (4 ) 1,242 Balance at December 31, 2021 257,507 90,092 1,758 349,357 Depreciation 66,036 59,101 1,139 126,276 Sale of business 6 (130 ) (2,685 ) - (2,815 ) Derecognition** (22,733 ) (26,783 ) (1,082 ) (50,598 ) Effect of movements in exchange rates (14,424 ) (4,754 ) (51 ) (19,229 ) Balance at December 31, 2022 286,256 114,971 1,764 402,991 Net carrying amounts At December 31, 2021 252,770 143,618 2,145 398,533 At December 31, 2022 242,535 137,072 2,033 381,640 * Includes non-material adjustments to prior year’s acquisitions ** 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, 2022
Disclosure of detailed information about intangible assets [abstract]
Summary of Reconciliation of Goodwill and Intangible Assets	Other intangible assets Note Goodwill Customer Trademarks Non- compete agreements Information technology Total Cost Balance at December 31, 2020 1,523,626 574,942 86,402 14,688 22,524 2,222,182 Additions through business combinations* 5 49,221 29,130 4,166 4,405 7,069 93,991 Other additions - 3,263 - - 3,880 7,143 Extinguishments - (18,357 ) (1,178 ) (1,027 ) (1,510 ) (22,072 ) Effect of movements in exchange rates (556 ) (464 ) (579 ) (118 ) 33 (1,684 ) Balance at December 31, 2021 1,572,291 588,514 88,811 17,948 31,996 2,299,560 Additions through business combinations* 5 59,188 38,121 3,846 3,727 46 104,928 Other additions - - - - 6,120 6,120 Disposals - - (380 ) - - (380 ) Sale of business 6 (210,806 ) (33,312 ) (28,589 ) (150 ) (1,075 ) (273,932 ) Extinguishments - (61,985 ) (19,058 ) (836 ) (1,321 ) (83,200 ) Effect of movements in exchange rates (61,328 ) (17,641 ) (1,950 ) (682 ) (644 ) (82,245 ) Balance at December 31, 2022 1,359,345 513,697 42,680 20,007 35,122 1,970,851 Amortization and impairment losses Balance at December 31, 2020 148,016 261,599 43,636 5,304 15,964 474,519 Amortization - 44,862 3,274 3,378 3,729 55,243 Extinguishments - (18,357 ) (1,178 ) (1,027 ) (1,509 ) (22,071 ) Effect of movements in exchange rates (536 ) (526 ) (57 ) 11 56 (1,052 ) Balance at December 31, 2021 147,480 287,578 45,675 7,666 18,240 506,639 Amortization - 43,538 4,764 3,702 3,675 55,679 Disposals - - (130 ) - - (130 ) Sale of business 6 (66,255 ) (16,669 ) (2,996 ) (26 ) (836 ) (86,782 ) Extinguishments - (61,985 ) (19,058 ) (836 ) (1,321 ) (83,200 ) Effect of movements in exchange rates (3,213 ) (8,210 ) (1,205 ) (376 ) (461 ) (13,465 ) Balance at December 31, 2022 78,012 244,252 27,050 10,130 19,297 378,741 Net carrying amounts At December 31, 2021 1,424,811 300,936 43,136 10,282 13,756 1,792,921 At December 31, 2022 1,281,333 269,445 15,630 9,877 15,825 1,592,110 * Includes non-material adjustments to prior year’s acquisitions
Summary of Aggregate Carrying Amounts of Goodwill Allocated to Each Units	At December 31, 2022, 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, 2022 December 31, 2021 Package and Courier 177,941 190,853 Less-Than-Truckload Canadian Less-Than-Truckload 128,449 137,638 Truckload Canadian Truckload 87,604 93,152 Specialized Trucklo a 546,674 536,267 U.S. Truckload* - 141,064 Logistics 340,665 325,837 1,281,333 1,424,811
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 2022 2021 Package and Courier 11.5 % 9.3 % Less-Than-Truckload Canadian Less-Than-Truckload 11.5 % 9.3 % Truckload Canadian Truckload 13.9 % 11.7 % Specialized Truckload* 12.7 % 10.5 % U.S. Truckload* - 10.5 % Logistics 10.9 % 8.7 % * On August 31,2022, TFI International sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the US-based Conventional TL operating segment. Subsequent to the sale, the remaining businesses operations in TFI International’s US-based Conventional TL operating segment, were transferred to the Specialized TL operating segment.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Investments [Abstract]
Disclosure Of Investments	As at December 31, 2022 As at December 31, 2021 Level 1 investments 71,979 16,391 Level 3 investments 13,985 15,000 85,964 31,391

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other payables [abstract]
Summary of Trade and Other Payables	As at December 31, 2022 As at December 31, 2021 * Trade payables and accrued expenses 498,777 612,092 Personnel accrued expenses 179,702 224,935 Dividend payable 30,289 24,881 708,768 861,908

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Summary of Contractual Terms of Groups Interest-bearing Long-term Debt Measured at Amortized Cost	As at December 31, 2022 As at December 31, 2021 Non-current liabilities Unsecured revolving facilities - 239,406 Unsecured debenture 147,233 157,743 Unsecured senior notes 1,075,702 778,613 Conditional sales contracts 55,735 68,746 1,278,670 1,244,508 Current liabilities Current portion of unsecured term loan - 324,444 Current portion of conditional sales contracts 37,087 39,142 37,087 363,586
Summary of Terms and Conditions of Outstanding Long-term Debt	Terms and conditions of outstanding long-term debt are as follows: 2022 2021 Currency Nominal interest rate Year of maturity Face Carrying Face Carrying Unsecured revolving facility a CAD BA + 1.125% 2026 - - 130,000 101,061 Unsecured revolving fa c a CAD BA + 1.125% 2026 - - 21,279 16,646 Unsecured revolving facility a USD SOFR + 1.125% 2026 - - 120,000 118,634 Unsecured revolving facility a USD SOFR + 1.125% 2026 - - 3,100 3,065 Unsecured term loan a CAD BA + 1.125% 2022 - - 410,000 324,444 Unsecured debenture b CAD 3.32% - 4.22% 2024 200,000 147,233 200,000 157,743 Unsecured senior notes c USD 2.89% - 3.85% 2026 - 180,000 179,013 180,000 179,658 Unsecured senior notes c USD 3.15% - 3.50% 2029 - 500,000 497,258 500,000 499,049 Unsecured senior notes c USD 2.87% - 3.55% 2029 - 200,000 199,644 100,000 99,906 Unsecured senior notes c USD 3.50% - 3.80% 2032 - 200,000 199,787 - - Conditional sales contracts d Mainly CAD 1.45% - 5.28% 2022 125,810 92,822 136,338 107,888 1,315,757 1,608,094
Summary of Changes to Long-term Debt	The table below summarizes changes to the long-term debt: Note 2022 2021 Balance at beginning of year 1,608,094 872,544 Proceeds from long-term debt 334,164 661,039 Business combinations 5 - 3,484 Repayment of long-term debt (369,692 ) (43,868 ) Net increase (decrease) in revolving facilities (236,502 ) 118,859 Amortization of deferred financing fees 1,296 1,296 Effect of movements in exchange rates (97,744 ) (23,154 ) Effect of movements in exchange rates - debt designated as net investment hedge 76,141 17,894 Balance at end of year 1,315,757 1,608,094
Summary of Principal Installments of Other Long-Term Debt Payable during the Subsequent Years	e) Principal installments of other 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 debenture - 147,558 - 147,558 Unsecured senior notes - 150,000 930,000 1,080,000 Conditional sales contracts 37,087 51,768 3,967 92,822 37,087 349,326 933,967 1,320,380

Lease liabilities (Tables)

Lease liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Lease liabilities [abstract]
Summary of Lease Liabilities	As at As at December 31, 2022 December 31, 2021 Current portion of lease liabilities 115,934 115,344 Long-term portion of lease liabilities 297,105 313,862 413,039 429,206
Summary of Changes to Lease Liabilities	The table below summarizes changes to the lease liabilities: Note 2022 2021 Balance at beginning of year 429,206 355,986 Business combinati o 5 28,269 111,590 Sale of business 6 (3,129 ) - Additions 117,221 90,346 Derecognition* (16,285 ) (15,030 ) Repayment (123,606 ) (115,336 ) Effect of movements in exchange rates (18,637 ) 1,650 Balance at end of year 413,039 429,206 * 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, 2022 Less than 1 year 129,059 Between 1 and 5 years 260,095 More than 5 years 64,950 454,104

Employee benefits (Tables)

Employee benefits (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Defined benefit obligation 20,189 144,110 164,299 27,127 133,653 160,780 Fair value of plan assets (10,214 ) (158,444 ) (168,658 ) (13,437 ) (80,466 ) (93,903 ) Net defined benefit liability (asset) 9,975 (14,334 ) (4,359 ) 13,690 53,187 66,877
Summary of Plan Assets	Plan assets comprise: December 31, 2022 December 31, 2021 TFI International pension plans Equity securities 7 % 6 % Debt securities 91 % 89 % Other 2 % 5 % TForce Freight pension plans Equity securities 95 % 48 % Debt securities 5 % 52 %
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, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension Note plans plans Total plans plans Total Defined benefit obligati o 27,127 133,653 160,780 35,529 - 35,529 Increase through business combinations 5 - - - - 70,261 70,261 Current service cost 539 115,967 116,506 619 54,818 55,437 Interest cost 730 3,522 4,252 814 1,475 2,289 Benefits paid (985 ) (1,283 ) (2,268 ) (4,885 ) (552 ) (5,437 ) Remeasurement (gain) loss arising from: - Demographic - (12,200 ) (12,200 ) - 252 252 - Financial assumptions (4,880 ) (83,707 ) (88,587 ) (1,402 ) 7,399 5,997 - Experience (489 ) (11,463 ) (11,952 ) (426 ) - (426 ) Settlement - 82 82 (3,420 ) - (3,420 ) Effect of movements in exchange rates (1,853 ) (461 ) (2,314 ) 298 - 298 Defined benefit obligation, end of year 20,189 144,110 164,299 27,127 133,653 160,780
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, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension Note plans plans Total plans plans Total Fair value of plan assets,beginning of year 13,437 80,466 93,903 21,147 - 21,147 Increase through business combinations 5 - - - - 4,412 4,412 Interest income 348 3,746 4,094 451 100 551 Employer contributions 457 103,099 103,556 815 75,482 76,297 Benefits paid (985 ) (1,283 ) (2,268 ) (4,885 ) (552 ) (5,437 ) Fair value remeasurement (2,066 ) (25,407 ) (27,473 ) (698 ) 1,008 310 Plan administration expenses (59 ) (1,735 ) (1,794 ) (112 ) - (112 ) Settlement - - - (3,475 ) - (3,475 ) Effect of movements in exchange rates (918 ) (442 ) (1,360 ) 194 16 210 Fair value of plan assets, end of year 10,214 158,444 168,658 13,437 80,466 93,903
Summary of Expense Recognized in Income or Loss	Expense recognized in income or loss: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Current service cost 539 115,967 116,506 619 54,818 55,437 Net interest cost 382 (224 ) 158 363 1,375 1,738 Plan administration expenses 59 1,735 1,794 112 - 112 Net settlement - 82 82 55 - 55 Pension expense 980 117,560 118,540 1,149 56,193 57,342 Actual return on plan assets (1,718 ) (21,661 ) (23,379 ) (247 ) 1,108 861
Summary of Actuarial Losses Recognized in Other Comprehensive Income	Actuarial losses recognized in other comprehensive income: December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans Total plans plans Total Amount accumulated in retained earnings, beginning of year 12,174 6,643 18,817 13,304 - 13,304 Recognized during the year (3,303 ) (81,881 ) (85,184 ) (1,130 ) 6,643 5,513 Amount accumulated in retained earnings, end of year 8,871 (75,238 ) (66,367 ) 12,174 6,643 18,817 Recognized during the year, net of tax (2,435 ) (61,073 ) (63,508 ) (833 ) 4,961 4,128
Summary of Significant Actuarial Assumptions Used (Expressed as Weighted Average)	The significant actuarial assumptions used (expressed as weighted average): December 31, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Defined benefit obligation: Discount rate at 5.0 % 5.2 % 3.0 % 2.9 % Future salary increases 1.6 % 2.0 % 1.6 % 2.0 % Employee benefit expense: Discount rate at 2.4 % 5.2 % 5.2 % 2.9 % Rate of return on plan assets at 2.4 % 5.2 % 5.2 % 2.9 % Future salary increases 3.0 % 2.0 % 2.0 % 2.0 %
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, 2022 December 31, 2021 TFI TForce TFI TForce International Freight International Freight pension pension pension pension plans plans plans plans Longevity at age 65 for current pensioners Males 22.7 19.0 22.7 20.1 Females 24.9 21.4 24.9 22.2 Longevity at age 65 for current members aged 45 Males 23.6 20.6 23.6 21.7 Females 25.8 22.9 25.8 23.7 At December 31, 2022 the weighted average duration of the defined benefit obligation was: TFI International pension plans 9.7 TForce Freig h 18.0
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: 2022 2021 Increase Decrease Increase Decrease Discount rate (1% movement) (25,536 ) 32,517 (27,922 ) 36,696 Life expectancy (1-year movement) 3,911 (4,122 ) 4,475 (4,650 )
Summary of Historical Information of Plans	Historical information: 2022 2021 2020 2019 2018 Defined benefit obligation 164,299 160,780 35,529 31,449 27,579 Fair value of plan ass e (168,658 ) (93,903 ) (21,147 ) (18,108 ) (16,581 ) (Surplus) deficit in the plan (4,359 ) 66,877 14,382 13,341 10,998 Experience adjustments arising on plan obligations (112,739 ) 5,823 3,220 2,116 (2,427 ) Experience adjustments arising on plan assets (27,473 ) 310 1,129 467 (815 )

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2022
Provisions [abstract]
Summary of Provisions	Self insurance Other Total Balance at December 31, 2020 47,733 6,522 54,255 Additions through business combinations* 5 125 74,964 75,089 Provisions made during the year 94,885 4,352 99,237 Provisions used during the year (62,836 ) (7,977 ) (70,813 ) Provisions reversed during the year (9,259 ) - (9,259 ) Unwind of discount on long-term provisions (929 ) - (929 ) Effect of movements in exchange rates (252 ) (171 ) (423 ) Balance at December 31, 2021 69,467 77,690 147,157 Additions through business combinations 5 - 280 280 Sale of business 6 (1,465 ) - (1,465 ) Provisions made during the year 126,439 15,372 141,811 Provisions used during the year (80,040 ) (13,470 ) (93,510 ) Provisions reversed during the year (13,236 ) (306 ) (13,542 ) Unwind of discount on long-term provisions (4,153 ) - (4,153 ) Effect of movements in exchange rates (761 ) (178 ) (939 ) Balance at December 31, 2022 96,251 79,388 175,639 As at December 31, 2022 Current provisions 33,918 9,985 43,903 Non-current provisions 62,333 69,403 131,736 96,251 79,388 175,639 As at December 31, 2021* Current provisions 26,771 12,241 39,012 Non-current provisions 42,696 65,449 108,145 69,467 77,690 147,157 in fiscal 2022 for adjustments made to

Deferred tax assets and liabi_2

Deferred tax assets and liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred tax assets and liabilities [abstract]
Summary of Deferred Tax Assets and Liabilities	December 31, 2022 December 31, 2021* Property and equipment (360,111 ) (432,334 ) Intangible assets (72,032 ) (78,888 ) Right-of-use assets 7,497 8,025 Employee benefits 23,111 43,821 Provisions 53,818 57,961 Tax losses 5,686 10,272 Other 892 (2,917 ) Net deferred tax liabilities (341,139 ) (394,060 ) Presented as: Deferred tax assets 27,047 29,695 Deferred tax liabilities (368,186 ) (423,755 ) * Recasted in fiscal 2022 for adjustments made to
Summary of Movement in Temporary Differences	Movement in temporary differences during the year: Balance Recognized Recognized Disposal Acquired Balance December 31, in income directly of in business December 31, 202 1* or loss in equity business combinations 202 2 Property and equipment (432,334 ) 1,397 7,194 67,442 (3,810 ) (360,111 ) Intangible assets (78,888 ) 8,231 1,956 8,490 (11,821 ) (72,032 ) Long-term debt 8,025 (31 ) (497 ) - - 7,497 Employee benefits 43,821 6,711 (27,421 ) - - 23,111 Provisions 57,961 (4,466 ) 406 (1,490 ) 1,407 53,818 Tax losses 10,272 (4,058 ) (545 ) - 17 5,686 Other (2,917 ) 696 2,755 - 358 892 Net deferred tax liabilities (394,060 ) 8,480 (16,152 ) 74,441 (13,848 ) (341,139 ) * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) Balance Recognized Recognized Disposal Acquired Balance December 31, in income directly of in business December 31, 202 0 or loss in equity business combinations * 202 1 Property and equipment (178,087 ) (182 ) 1,402 - (255,467 ) (432,334 ) Intangible assets (73,496 ) 6,443 (790 ) - (11,045 ) (78,888 ) Long-term de b 4,852 3,158 15 - - 8,025 Employee benefits 10,634 3,124 13,384 - 16,679 43,821 Provisions 15,151 14,499 13 - 28,298 57,961 Tax losses 94 (237 ) (210 ) - 10,625 10,272 Other (108 ) (892 ) (1,917 ) - - (2,917 ) Net deferred tax liabilities (220,960 ) 25,913 11,897 - (210,910 ) (394,060 ) * Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Share capital and other compo_2

Share capital and other components of equity (Tables)	12 Months Ended
	Dec. 31, 2022
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 2022 2021 Balance, beginning of year 92,152,893 93,397,985 Repurchase and cancellation of own shares (6,368,322 ) (2,157,862 ) Stock options exercised 21 754,988 912,770 Balance, end of period 86,539,559 92,152,893
Summary of Share Capital Issued and Fully Paid	The following table summarizes the share capital issued and fully paid: 2022 2021 Balance, beginning of year 1,133,181 1,120,049 Repurchase and cancellation of own shares (68,536 ) (23,449 ) Cash consideration of stock options exercised 16,502 20,114 Ascribed value credited to share capital on stock options exercised, net of tax 6,298 6,210 Issuance of shares on settlement of RSUs, net of tax 1,784 10,257 Balance, end of year 1,089,229 1,133,181

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2022
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) 2022 2021* Net income 823,232 754,405 Issued common shares, beginning of period 92,152,893 93,397,985 Effect of stock options exercised 314,112 593,740 Effect of repurchase of own shares (3,107,423 ) (937,480 ) Weighted average number of common shares 89,359,582 93,054,245 Earnings per share – basic (in dollars) 9.21 8.11 * Recasted in fiscal 2022 for adjustments made to 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) 2022 2021 * Net income 823,232 754,405 Weighted average number of common shares 89,359,582 93,054,245 Dilutive effect: Stock options and restricted share units 1,898,097 2,281,778 Weighted average number of diluted common shares 91,257,679 95,336,023 Earnings per share - diluted (in dollars) 9.02 7.91 * Recasted in fiscal 2022 for adjustments made to

Share-based payment arrangeme_2

Share-based payment arrangements (Tables)	12 Months Ended
	Dec. 31, 2022
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) 2022 2021 Weighted Weighted Number average Number average of exercise of exercise options price options price Balance, beginning of year 2,061 25.70 2,982 24.65 Exercised (755 ) 21.84 (913 ) 22.30 Forfeited (4 ) 40.41 (8 ) 23.70 Balance, end of year 1,302 27.89 2,061 25.70 Options exercisable, end of year 1,273 27.60 1,705 24.27
Summary of Information about Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at December 31, 2022: (in thousands of options and in dollars) Options outstanding Options exercisable Exercise prices Number Weighted average remaining contractual life (in years ) Number of options 18.83 128 0.6 128 26.82 164 1.1 164 23.70 325 2.1 325 30.71 607 3.2 607 40.41 78 4.6 49 1,302 2.5 1,273
Schedule of Deferred Share Unit Plan for Board Members	The following table provides the number of DSUs related to this plan: (in units) 2022 2021 Balance, beginning of year 306,554 373,926 Paid - (71,709 ) Dividends paid in units 3,574 4,337 Balance, end of year 310,128 306,554
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) 2022 2021 Number of RSUs Weighted average grant date fair value Number of RSUs Weighted average grant date fair value Balance, beginning of year 272 54.27 299 31.54 Granted 74 96.04 125 80.29 Reinvested 3 60.68 4 37.90 Settled (49 ) 93.80 (153 ) 30.70 Settled on sale of business (15 ) 44.19 - - Forfeited (13 ) 71.13 (3 ) 53.12 Balance, end of year 272 58.33 272 54.27
Summary of Information about Options Outstanding and Exercisable	The following table summarizes information about RSUs outstanding and exercisable as at December 31, 2022: (in thousands of RSUs and in dollars) RSUs outstanding Grant date fair value Number of RSUs Remaining contractual life (in years) 32.41 131 0.1 83.28 11 0.3 70.59 71 1.1 98.27 59 2.1 272 0.8
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) 2022 2021 Weighted Weighted Number average Number average of grant date of grant date PSUs fair value PSUs fair value Balance, beginning of year 226 52.25 147 32.41 Granted 63 100.43 78 89.64 Reinvested 3 62.94 3 45.64 Settled (6 ) 47.77 - - Added due to performance conditions 22 50.87 - - Settled on sale of business (28 ) 46.85 - - Forfeited (19 ) 75.59 (2 ) 41.65 Balance, end of year 261 62.87 226 52.25
Summary of Information about Options Outstanding and Exercisable	The following table summarizes information about PSUs outstanding and exercisable as at December 31, 2022: (in thousands of PSUs and in dollars) PSUs outstanding Remaining Number of contractual life Grant date fair value PSUs (in years) 32.41 132 0.1 89.64 70 1.1 100.43 59 2.1 261 0.8

Materials and services expens_2

Materials and services expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Material income and expense [abstract]
Summary of Materials and Services Expenses	2022 2021 Independent contractors 3,394,544 2,911,393 Vehicle operation expenses 1,197,647 904,060 4,592,191 3,815,453

Personnel expenses (Tables)

Personnel expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Personnel Expense [Abstract]
Summary of Personnel Expenses	Note 2022 2021 Short-term employee benefits 2,216,769 1,863,907 Contributions to defined contribution plans 9,570 9,323 Current and past service costs related to defined benefit plans 16 116,506 55,437 Termination benefits 6,688 6,053 Equity-settled share-based payment transactions 21 14,648 15,424 Cash-settled share-based payment transactions 21 (1,325 ) 23,937 2,362,856 1,974,081

Finance Income and Finance Co_2

Finance Income and Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Finance Income And Finance Costs [Abstract]
Summary of Finance Income and Finance Costs	Recognized in income or loss: Costs (income) 2022 2021 Interest expense on long-term debt and amortization of deferred financing fees 52,230 45,953 Interest expense on lease liabilities 13,264 13,521 Interest income (1,750 ) (2,187 ) Net change in fair value and accretion expense of contingent considerations 216 1,932 Net foreign exchange loss (gain) 556 (1,471 ) Net impact of early repayment of contingent consideration - (1,469 ) Other financial expenses 15,881 16,739 Net finance costs 80,397 73,018 Presented as: Finance income (1,750 ) (5,127 ) Finance costs 82,147 78,145

Income tax expense (Tables)

Income tax expense (Tables)	12 Months Ended
	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Summary of Income Tax Recognized in Income or Loss	Income tax recognized in income or loss: 2022 2021 Current tax expense Current period 263,877 179,821 Adjustment for prior periods (12,988 ) (2,102 ) 250,889 177,719 Deferred tax expense (recovery) Origination and reversal of temporary differences (19,834 ) (27,427 ) Variation in tax rate (242 ) 175 Adjustment for prior periods 11,596 1,339 (8,480 ) (25,913 ) Income tax expense 242,409 151,806
Summary of Income Tax Recognized in Other Comprehensive Income	Income tax recognized in other comprehensive income: 2022 2021 Tax Tax Before (benefit ) Net of Before (benefit ) Net of tax expense tax Tax expense tax Foreign currency translation differences (10,148 ) - (10,148 ) 12,960 - 12,960 Defined benefit plan remeasurement gains (losses) 85,184 21,676 63,508 (5,513 ) (1,385 ) (4,128 ) Employee benefit 304 12 292 124 37 87 Loss on net investment hedge (76,141 ) (4,095 ) (72,046 ) (17,894 ) (2,352 ) (15,542 ) Change in fair value of investment in equity securities (6,573 ) (1,078 ) (5,495 ) 27,803 3,656 24,147 (7,374 ) 16,515 (23,889 ) 17,480 (44 ) 17,524
Summary of Reconciliation of Effective Tax Rate	Reconciliation of effective tax rate: 2022 2021 ** Income before income tax 1,065,641 906,211 Income tax using the Company’s statutory tax rate 26.5 % 282,395 26.5 % 240,146 Increase (decrease) resulting from: Rate differential between jurisdictions -0.2 % (2,206 ) -0.3 % (2,297 ) Variation in tax rate 0.0 % (242 ) 0.0 % 175 Non deductible expenses 0.3 % 3,105 0.6 % 5,670 Tax deductions and tax exempt income* -3.8 % (40,172 ) -10.2 % (92,355 ) Adjustment for prior periods -0.1 % (1,392 ) -0.1 % (763 ) Multi-jurisdiction tax 0.1 % 921 0.1 % 1,230 22.7 % 242,409 16.8 % 151,806 * Tax deductions and tax exempt income for 2022 is mainly due to the gain on sale of business recorded on the sale of CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses resulting in no taxes. In 2021, tax deductions and tax exempt income is mainly due to the tax exempt bargain purchase gain recorded on the acquisition of UPS Freight, which was recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) ** Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Financial Instruments and Fin_2

Financial Instruments and Financial Risk Management (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Summary of Maximum Exposure to Credit Risk	December 31, December 31, Trade and other receivables 1,030,726 1,056,023
Summary of Aging of Trade and Other Receivables	The aging of trade and other receivables at the reporting date was: Total 2022 Impairment 2022 Total 2021 Impairment 2021 Not past due 696,357 1,124 772,077 462 Past due 1 – 30 days 184,907 2,904 178,641 2,732 Past due 31 – 60 days 83,676 8,712 63,634 8,195 Past due more than 60 days 94,824 16,298 68,988 15,928 1,059,764 29,038 1,083,340 27,317
Summary of Movement in Allowance for Expected Credit Loss in Respect of Trade and Other Receivables	2022 2021 Balance, beginning of year 27,317 11,528 Business combinations 127 9,561 Sale of business (1,914 ) - Bad debt expenses 19,644 10,854 Amount written off and recoveries (14,129 ) (4,372 ) Effect of movements in exchange rates (2,007 ) (254 ) Balance, end of year 29,038 27,317
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 2022 Trade and other payables 708,768 708,768 708,768 - - - Long-term debt 1,315,757 1,659,085 80,916 268,727 229,969 1,079,473 Other financial liability 8,775 8,775 8,775 - - - 2,033,300 2,376,628 798,459 268,727 229,969 1,079,473 2021 * Trade and other payables 861,908 861,908 861,908 - - - Long-term debt 1,608,094 1,896,085 404,454 283,736 463,538 744,357 Other financial liability 8,674 8,674 1,561 7,056 57 - 2,478,676 2,766,667 1,267,923 290,792 463,595 744,357
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: 2022 2021 Trade and other receivables 50,732 50,192 Trade and other payables (8,301 ) (4,804 ) Long-term debt (1,079,774 ) (903,556 ) Balance sheet exposure (1,037,343 ) (858,168 ) Long-term debt designated as investment hedge 1,080,000 900,000 Net balance sheet exposure 42,657 41,832
Summary of Exchange Rates Applied	The Group estimates its annual net USD denominated cash flow from operating activities at approximately $710 million (2021 - $720 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 1.3013 1.2535 Closing USD as at 1.3554 1.2637
Summary of Sensitivity Analysis	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 2021. 2022 2021 1-cent 1-cent 1-cent 1-cent Increase Decrease Increase Decrease Balance sheet exposure (7,653 ) 7,653 (6,791 ) 6,791 Long-term debt designated as investment hedge 7,968 (7,968 ) 7,122 (7,122 ) Net balance sheet exposure 315 (315 ) 331 (331 )
Summary of Carrying Amount of Interest-bearing Financial Instruments Excluding Effects of Interest Rate Derivatives	At December 31, 2022 and 2021, the interest rate profile of the Group’s carrying amount interest-bearing financial instruments excluding the effects of interest rate derivatives was: 2022 2021 Fixed rate instruments 1,315,757 1,044,244 Variable rate instruments - 563,850 1,315,757 1,608,094
Summary of Amounts Increased (Decreased) Equity and Net Income or Net Loss due to 1% Change in Interest Rates	A 1% change in interest rates at the reporting date would have increased (decreased) equity and net income or net loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. The analysis is performed on the same basis for 2021 . 2022 2021 1% increase 1% decrease 1% increase 1% decrease Interest on variable rate instrument - - (4,156 ) 4,156
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: 2022 2021* Long-term debt 1,315,757 1,608,094 Shareholders’ equity 2,463,070 2,310,355 Debt-to-equity ratio 0.53 0.70 Debt-to-capitalization ratio 1 0.35 0.41 1 * Recasted in fiscal 2022 for adjustments made to
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, 2022 December 31, 2021 * Carrying Fair Carrying Fair Amount Value Amount Value Financial assets Assets carried at fair value Investment in equity securities 85,964 85,964 31,391 31,391 Assets carried at amortized cost Trade and other receivables 1,030,726 1,030,726 1,056,023 1,056,023 1,116,690 1,116,690 1,087,414 1,087,414 Financial liabilities Liabilities carried at fair value Other financial liability 19,657 19,657 18,599 18,599 Liabilities carried at amortized cost Trade and other payables 708,768 708,768 861,908 861,908 Long-term debt 1,315,757 1,300,591 1,608,094 1,378,813 2,044,182 2,029,016 2,488,601 2,259,320
Schedule of Interest Rates Used to Discount Estimated Cash Flows	The interest rates used to discount estimated cash flows, when applicable, are based on the government yield curve at December 31 plus an adequate credit spread, and were as follows: 2022 2021 Long-term debt 3.4 % 2.1 %

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Summary of Costs Incurred for Key Management Personnel	Key management personnel compensation comprised: 2022 2021 Short-term benefits 16,858 14,427 Post-employment benefits 800 793 Equity-settled share-based payment transactions 10,874 11,031 28,532 26,251

Reporting Entity - Additional I

Reporting Entity - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022
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.

Significant Accounting Polici_4

Significant Accounting Policies - Summary of Depreciation Method and Useful Lives (Details)	12 Months Ended
	Dec. 31, 2022
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

Significant Accounting Polici_5

Significant 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, 2022
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, 2022	Dec. 31, 2021
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	$ 7,357,064	$ 6,468,785	[2]
Fuel surcharge	[1]	1,455,427	751,644	[2]
Total revenue	[1]	8,812,491	7,220,429	[3]
Operating income (loss)		1,146,038	979,229	[3]
Depreciation and amortization		430,593	393,032
Gain (loss) on sale of land and buildings		43	(19)
Gain on sale of assets held for sale		77,911	12,209
Loss on sale of intangible assets			(1)
Gain on sale of business		73,653	0	[3]
Bargain purchase gain		0	283,593	[3],[4]
Intangible assets		1,592,110	1,792,921	[5]
Total assets		5,505,830	5,883,663	[5]
Total liabilities		3,042,760	3,573,308	[5]
Additions to property and equipment		351,269	267,173
Operating Segments | Package and Courier
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	498,972	560,147	[2]
Fuel surcharge	[1]	151,872	81,302	[2]
Total revenue	[1]	650,844	641,449
Operating income (loss)		134,306	108,440
Depreciation and amortization		26,532	26,404
Loss on sale of intangible assets			(1)
Intangible assets		180,119	193,765
Total assets		362,724	379,881
Total liabilities		126,383	128,599
Additions to property and equipment		15,097	19,347
Operating Segments | Less-Than-Truckload
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	3,243,556	2,440,640	[2]
Fuel surcharge	[1]	779,607	374,750	[2]
Total revenue	[1]	4,023,163	2,815,390
Operating income (loss)		470,807	572,798
Depreciation and amortization		152,666	116,060
Gain (loss) on sale of land and buildings			(16)
Gain on sale of assets held for sale		55,714	1,640
Bargain purchase gain	[4]		271,593
Intangible assets		167,798	188,604
Total assets		2,275,672	2,351,138
Total liabilities		836,937	957,148
Additions to property and equipment		168,667	65,543
Operating Segments | Truckload
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	1,986,331	1,901,157	[2]
Fuel surcharge	[1]	464,707	261,595	[2]
Total revenue	[1]	2,451,038	2,162,752
Operating income (loss)		366,868	230,189
Depreciation and amortization		212,430	211,561
Gain (loss) on sale of land and buildings		43
Gain on sale of assets held for sale		22,197	10,569
Intangible assets		775,464	955,608
Total assets		1,861,093	2,317,615
Total liabilities		464,962	559,438
Additions to property and equipment		165,953	181,313
Operating Segments | Logistics
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	1,689,122	1,620,926	[2]
Fuel surcharge	[1]	74,158	41,146	[2]
Total revenue	[1]	1,763,280	1,662,072
Operating income (loss)		140,446	142,794
Depreciation and amortization		38,244	38,208
Gain (loss) on sale of land and buildings			(3)
Bargain purchase gain	[4]		12,000
Intangible assets		468,547	454,612
Total assets		731,564	746,638
Total liabilities		239,916	248,122
Additions to property and equipment		1,150	809
Corporate
Disclosure Of Operating Segments [Line Items]
Operating income (loss)		33,611	(74,992)
Depreciation and amortization		721	799
Gain on sale of business		73,653
Intangible assets		182	332
Total assets		274,777	88,391
Total liabilities		1,374,687	1,680,135
Additions to property and equipment		402	161
Eliminations
Disclosure Of Operating Segments [Line Items]
Revenue	[1]	(60,917)	(54,085)	[2]
Fuel surcharge	[1]	(14,917)	(7,149)	[2]
Total revenue	[1]	(75,834)	(61,234)
Total liabilities		$ (125)	$ (134)
[1]Includes intersegment revenue and intersegment fuel surcharge[2]Changes in presentation for consistency with the current year presentation: “intersegment revenue and fuel surcharge” presented separately in previous periods is now presented within “revenue” and “fuel surcharge”.[3]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[4]Adjustments to provisional amounts of UPS Freight prior year business combination (see note 5d))[5]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Segment Reporting - Summary of

Segment Reporting - Summary of Revenue Attributed to Geographical Locations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	$ 8,812,491	$ 7,220,429	[2]
Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		2,723,060	2,368,301
United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		6,071,806	4,830,467
Mexico
Disclosure Of Geographical Areas [Line Items]
Total revenue		17,625	21,661
Operating Segments | Package and Courier
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	650,844	641,449
Operating Segments | Package and Courier | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		650,844	641,449
Operating Segments | Less-Than-Truckload
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	4,023,163	2,815,390
Operating Segments | Less-Than-Truckload | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		667,506	576,311
Operating Segments | Less-Than-Truckload | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		3,355,657	2,239,079
Operating Segments | Truckload
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	2,451,038	2,162,752
Operating Segments | Truckload | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,182,198	912,166
Operating Segments | Truckload | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,268,840	1,250,586
Operating Segments | Logistics
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	1,763,280	1,662,072
Operating Segments | Logistics | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		256,714	269,568
Operating Segments | Logistics | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		1,488,941	1,370,843
Operating Segments | Logistics | Mexico
Disclosure Of Geographical Areas [Line Items]
Total revenue		17,625	21,661
Eliminations
Disclosure Of Geographical Areas [Line Items]
Total revenue	[1]	(75,834)	(61,234)
Eliminations | Canada
Disclosure Of Geographical Areas [Line Items]
Total revenue		(34,202)	(31,193)
Eliminations | United States
Disclosure Of Geographical Areas [Line Items]
Total revenue		$ (41,632)	$ (30,041)
[1]Includes intersegment revenue and intersegment fuel surcharge[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Segment Reporting - Summary o_2

Segment Reporting - Summary of Segment Assets on Geographical Location (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets		$ 4,105,705	$ 4,646,595	[1]
Canada
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets		1,848,746	1,933,050	[1]
United States
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets		$ 2,256,959	2,698,630	[1]
Mexico
Disclosure Of Segment Assets [Line Items]
Property and equipment, right-of-use assets and intangible assets	[1]		$ 14,915
[1]Recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ in Thousands					12 Months Ended
	Feb. 22, 2023 USD ($) Business	Jun. 30, 2021 USD ($)	Apr. 30, 2021 USD ($)	Jan. 01, 2021 USD ($)	Dec. 31, 2022 USD ($) Business	Dec. 31, 2021 USD ($)
Disclosure Of Business Combinations [Line Items]
Number of business acquired | Business	3				11
Purchase price	$ 68,800				$ 181,608	$ 1,026,920
Bargain purchase gain					0	283,593	[1],[2]
Transaction costs					100	8,700
Trade receivables					28,400
Trade receivables expected to be uncollectible					100
Goodwill and intangible assets deducted for tax purpose					2,900	5,700
Contingent consideration, maximum amount payable in one year					22,500	400
Contingent consideration, maximum amount payable in two years					21,000	7,600
Contingent consideration balance					8,800	8,700
Fair value of assets					1,116,690	1,087,414
Measurement PeriodAdjustment [Member]
Disclosure Of Business Combinations [Line Items]
Purchase price						0
Bargain purchase gain		$ 90,000				90,044
Land and buildings [member]
Disclosure Of Business Combinations [Line Items]
Fair value of assets						859,200
Customer-related intangible assets [member]
Disclosure Of Business Combinations [Line Items]
Fair value of assets						$ 12,000
Bottom of Range
Disclosure Of Business Combinations [Line Items]
Expected cash flows discounted rate used as basis to determine fair value, contingent consideration						3.90%
Top of Range
Disclosure Of Business Combinations [Line Items]
Expected cash flows discounted rate used as basis to determine fair value, contingent consideration						6.40%
Material and Nonmaterial Business
Disclosure Of Business Combinations [Line Items]
Revenue of acquiree since acquisition date					234,300	$ 174,900
Net income of acquiree since acquisition date					17,900	5,600
Bargain purchase gain						283,600
Non Material Business
Disclosure Of Business Combinations [Line Items]
Revenue of acquiree since acquisition date					100,600	64,900
Net income of acquiree since acquisition date					$ 5,900	900
UPS Freight
Disclosure Of Business Combinations [Line Items]
Purchase price			$ 864,600			864,607
Revenue of acquiree since acquisition date				$ 3,438,300		2,334,400
Net income of acquiree since acquisition date				146,000		122,600
Bargain purchase gain			283,600	$ 283,600		$ 283,593
UPS Freight | Logistics Segment Two
Disclosure Of Business Combinations [Line Items]
Bargain purchase gain			12,000
Bargain Purchase Gain | Less-Than-Truckload
Disclosure Of Business Combinations [Line Items]
Bargain purchase gain			$ 271,600
[1]Adjustments to provisional amounts of UPS Freight prior year business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Business Combinations - Summary

Business Combinations - Summary of Purchase Price Allocations (Details) - USD ($) $ in Thousands			12 Months Ended
	Apr. 30, 2021	Jan. 01, 2021	Dec. 31, 2022	Dec. 31, 2021		Feb. 22, 2023
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents			$ 863	$ 11,576
Trade and other receivables			28,231	352,274
Inventoried supplies and prepaid expenses			2,179	30,143
Property and equipment			70,959	1,396,337
Right-of-use assets			28,269	111,590
Intangible assets			45,740	44,770
Other assets			368	8,198
Trade and other payables			(10,327)	(223,944)
Income tax payable			(1,465)	(2,668)
Provisions			(280)	(75,089)
Employee benefits				(65,849)
Other non-current liabilities				(62)
Long-term debt				(3,484)
Lease liabilities			(28,269)	(111,590)
Deferred tax liabilities			(13,848)	(210,910)
Total identifiable net assets			122,420	1,261,292
Total consideration transferred			181,608	1,026,920
Goodwill			59,188	49,221
Bargain purchase gain			0	(283,593)	[1],[2]
Cash			159,114	1,019,707
Contingent consideration			22,494	7,213
Total consideration transferred			$ 181,608	1,026,920		$ 68,800
UPS Freight
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents				6
Trade and other receivables				328,468
Inventoried supplies and prepaid expenses				26,643
Property and equipment				1,309,465
Right-of-use assets				100,971
Intangible assets				18,856
Other assets				8,133
Trade and other payables				(209,474)
Income tax payable				0
Provisions				(74,867)
Employee benefits				(65,849)
Other non-current liabilities				(56)
Long-term debt				0
Lease liabilities				(100,971)
Deferred tax liabilities				(193,125)
Total identifiable net assets				1,148,200
Total consideration transferred				864,607
Goodwill				0
Bargain purchase gain	$ (283,600)	$ (283,600)		(283,593)
Cash				864,607
Contingent consideration				0
Total consideration transferred	$ 864,600			864,607
Others
Disclosure Of Business Combinations [Line Items]
Cash and cash equivalents				11,570
Trade and other receivables				23,806
Inventoried supplies and prepaid expenses				3,500
Property and equipment				86,872
Right-of-use assets				10,619
Intangible assets				25,914
Other assets				65
Trade and other payables				(14,470)
Income tax payable				(2,668)
Provisions				(222)
Employee benefits				0
Other non-current liabilities				(6)
Long-term debt				(3,484)
Lease liabilities				(10,619)
Deferred tax liabilities				(17,785)
Total identifiable net assets				113,092
Total consideration transferred				162,313
Goodwill				49,221
Bargain purchase gain				0
Cash				155,100
Contingent consideration				7,213
Total consideration transferred				$ 162,313
[1]Adjustments to provisional amounts of UPS Freight prior year business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022
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-related intangible assets [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-related intangible assets [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-related intangible assets [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-related intangible assets [member] | FULL 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

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, 2022	Dec. 31, 2021
Disclosure Of Business Combinations [Line Items]
Goodwill allocated	$ 59,188	$ 49,221
Canadian Less-Than-Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Less-Than-Truckload
Goodwill allocated	$ 0	(225)
Canadian Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Truckload
Goodwill allocated	$ 811	4,079
U.S. Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Truckload
Goodwill allocated	$ 0	2,846
Specialized Truckload
Disclosure Of Business Combinations [Line Items]
Reportable segment	Truckload
Goodwill allocated	$ 35,865	42,546
Logistics
Disclosure Of Business Combinations [Line Items]
Reportable segment	Logistics
Goodwill allocated	$ 22,512	$ (25)

Business combinations - Disclos

Business combinations - Disclosure Of Fair Value Of Certain Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 30, 2021	Dec. 31, 2022	Dec. 31, 2021		Feb. 22, 2023
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		$ 863	$ 11,576
Trade and other receivables		28,231	352,274
Inventoried supplies and prepaid expenses		2,179	30,143
Property and equipment		70,959	1,396,337
Right-of-use assets		28,269	111,590
Intangible assets		45,740	44,770
Other assets		368	8,198
Trade and other payables		(10,327)	(223,944)
Income tax payable		1,465	2,668
Provisions		280	75,089
Employee benefits			(65,849)
Other non-current liabilities			62
Lease liabilities		28,269	111,590
Deferred tax liabilities		(13,848)	(210,910)
Total identifiable net assets		122,420	1,261,292
Total consideration transferred		181,608	1,026,920
Bargain purchase gain		0	(283,593)	[1],[2]
Total consideration transferred		$ 181,608	1,026,920		$ 68,800
Provisional FairValueIncluded In The Interim FinancialStatements [Member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents			6
Trade and other receivables			328,468
Inventoried supplies and prepaid expenses			26,643
Property and equipment			1,186,198
Right-of-use assets			100,971
Intangible assets			18,856
Other assets			860
Trade and other payables			(208,928)
Income tax payable			302
Provisions			(50,352)
Employee benefits			(65,849)
Other non-current liabilities			(56)
Lease liabilities			(100,971)
Deferred tax liabilities			(177,992)
Total identifiable net assets			1,058,156
Total consideration transferred			864,607
Bargain purchase gain			(193,549)
Total consideration transferred			864,607
Measurement PeriodAdjustment [Member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents			0
Trade and other receivables			0
Inventoried supplies and prepaid expenses			0
Property and equipment			123,267
Right-of-use assets			0
Intangible assets			0
Other assets			7,273
Trade and other payables			(546)
Income tax payable			(302)
Provisions			(24,515)
Employee benefits			0
Other non-current liabilities			0
Lease liabilities			0
Deferred tax liabilities			(15,133)
Total identifiable net assets			90,044
Total consideration transferred			0
Bargain purchase gain	$ (90,000)		(90,044)
Total consideration transferred			0
Reassessed Fair Value [Member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents			6
Trade and other receivables			328,468
Inventoried supplies and prepaid expenses			26,643
Property and equipment			1,309,465
Right-of-use assets			100,971
Intangible assets			18,856
Other assets			8,133
Trade and other payables			(209,474)
Income tax payable			0
Provisions			(74,867)
Employee benefits			(65,849)
Other non-current liabilities			(56)
Lease liabilities			(100,971)
Deferred tax liabilities			(193,125)
Total identifiable net assets			1,148,200
Total consideration transferred			864,607
Bargain purchase gain			(283,593)
Total consideration transferred			$ 864,607
[1]Adjustments to provisional amounts of UPS Freight prior year business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Sale of Business - Additional I

Sale of Business - Additional Information (Details) - Truckload, Temp Control and Mexican non asset logistics businesses $ in Millions	Aug. 31, 2022 USD ($)
Disclosure Of Disposal Of Business [Line Items]
Net consideration received	$ 553
Incremental selling costs	4.5
Gain on sale of business	$ 73.7

Sale of Business - Summary of D

Sale of Business - Summary of Disposal of Net Assets (Details) - Sale of Business $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Disclosure Of Disposal Of Net Assets [Line Items]
Cash and cash equivalents	$ 6,790
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	144,551
Total identifiable net assets	479,365
Total consideration received	553,018
Gain on sale of business	73,653
Trade and other receivables
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	77,877
Inventoried supplies and prepaid expenses
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	7,856
Property, plant and equipment
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	321,123
Right-of-use assets
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	3,203
Intangible assets
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	42,599
Goodwill
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	144,551
Other assets
Disclosure Of Disposal Of Net Assets [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	306
Accumulated other comprehensive income
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	2,737
Trade and other payables
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	(46,776)
Income tax payable
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	(564)
Employee Benefits
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	(1,302)
Provisions
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	(1,465)
Lease liabilities
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	(3,129)
Deferred Tax Liabilities
Disclosure Of Disposal Of Net Assets [Line Items]
Liabilities in subsidiary or businesses acquired or disposed	$ (74,441)

Sale of Business - Summary of G

Sale of Business - Summary of Goodwill Disposed Allocated to Operating Segments (Details) - Sale of Business [member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Disclosure Of Goodwill Disposed Allocated To Operating Segments Explanatory [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	$ 144,551
Goodwill [member]
Disclosure Of Goodwill Disposed Allocated To Operating Segments Explanatory [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	144,551
U.S. Truckload | Goodwill [member]
Disclosure Of Goodwill Disposed Allocated To Operating Segments Explanatory [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	141,056
Logistics | Goodwill [member]
Disclosure Of Goodwill Disposed Allocated To Operating Segments Explanatory [Line Items]
Assets other than cash or cash equivalents in subsidiary or businesses acquired or disposed	$ 3,495

Trade and Other Receivables - S

Trade and Other Receivables - Summary of Detailed Information about Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade and other current receivables [abstract]
Trade receivables, net of expected credit loss	$ 966,428	$ 986,783
Other receivables	64,298	69,240
Trade and other receivables	$ 1,030,726	$ 1,056,023	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Trade and Other Receivables - A

Trade and Other Receivables - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Trade and other current receivables [abstract]
Trade receivables included in transit revenue	$ 48.5	$ 58.2

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, 2022	Dec. 31, 2021
Disclosure Of Information About Additional Cash Flow Information [Abstract]
Trade and other receivables	$ (59,105)	$ (101,664)
Inventoried supplies	(1,498)	(1,233)
Prepaid expenses	9,924	(9,455)
Trade and other payables	(96,774)	154,292
Increase (decrease) in working capital	$ (147,453)	$ 41,940

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance	[1]	$ 2,455,141
Other additions		351,269		$ 267,173
Depreciation for the year		248,638		225,007	[2]
Ending balance		2,131,955		2,455,141	[1]
Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		3,206,496		1,716,655
Additions through business combinations		70,959	[3]	1,396,337	[4]
Other additions		351,269		267,173
Disposals		(132,994)		(188,238)
Reclassification (to) from assets held for sale		(67,203)		(7,820)
Sale of business		(485,720)
Transfer from right-of-use assets				21,474
Effect of movements in exchange rates		(69,481)		915
Ending balance		2,873,326		3,206,496
Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		751,355		642,227
Depreciation for the year		248,638		225,007
Disposals		(63,877)		(120,020)
Reclassification (to) from assets held for sale		(5,426)		(2,573)
Sale of business		(164,597)
Transfer from right-of-use assets				5,746
Effect of movements in exchange rates		(24,722)		968
Ending balance		741,371		751,355
Land and Buildings
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,161,256
Ending balance		1,083,850		1,161,256
Land and Buildings | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,233,268		314,804
Additions through business combinations		2,003	[3]	889,657	[4]
Other additions		46,928		36,902
Disposals		(678)		(1,473)
Reclassification (to) from assets held for sale		(67,203)		(8,843)
Sale of business		(31,356)
Transfer from right-of-use assets				0
Effect of movements in exchange rates		(15,972)		2,221
Ending balance		1,166,990		1,233,268
Land and Buildings | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		72,012		59,817
Depreciation for the year		21,353		16,301
Disposals		(137)		(1,332)
Reclassification (to) from assets held for sale		(5,426)		(2,997)
Sale of business		(6,837)
Transfer from right-of-use assets				0
Effect of movements in exchange rates		2,175		223
Ending balance		83,140		72,012
Rolling Stock
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,194,570
Ending balance		958,276		1,194,570
Rolling Stock | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		1,772,463		1,267,617
Additions through business combinations		66,240	[3]	445,656	[4]
Other additions		286,277		217,080
Disposals		(122,946)		(177,992)
Reclassification (to) from assets held for sale		0		1,023
Sale of business		(452,547)
Transfer from right-of-use assets				21,474
Effect of movements in exchange rates		(47,939)		(2,395)
Ending balance		1,501,548		1,772,463
Rolling Stock | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		577,893		494,322
Depreciation for the year		203,431		187,895
Disposals		(56,549)		(110,341)
Reclassification (to) from assets held for sale		0		424
Sale of business		(157,618)
Transfer from right-of-use assets				5,746
Effect of movements in exchange rates		(23,885)		(153)
Ending balance		543,272		577,893
Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		99,315
Ending balance		89,829		99,315
Equipment | Cost
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		200,765		134,234
Additions through business combinations		2,716	[3]	61,024	[4]
Other additions		18,064		13,191
Disposals		(9,370)		(8,773)
Reclassification (to) from assets held for sale		0		0
Sale of business		(1,817)
Transfer from right-of-use assets				0
Effect of movements in exchange rates		(5,570)		1,089
Ending balance		204,788		200,765
Equipment | Accumulated Depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Beginning balance		101,450		88,088
Depreciation for the year		23,854		20,811
Disposals		(7,191)		(8,347)
Reclassification (to) from assets held for sale		0		0
Sale of business		(142)
Transfer from right-of-use assets				0
Effect of movements in exchange rates		(3,012)		898
Ending balance		$ 114,959		$ 101,450
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[3]Includes non-material adjustments to prior year’s acquisitions[4]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Property Plant And Equipment [Line Items]
Purchase of property and equipment	$ 350,824	$ 268,656	[1]
Rolling Stock
Disclosure Of Property Plant And Equipment [Line Items]
Property and equipment pledged as security	126,400	144,500
Trade and Other Payables
Disclosure Of Property Plant And Equipment [Line Items]
Purchase of property and equipment	$ 1,300	$ 1,000
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022	Dec. 31, 2021
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	[1]	$ 398,533
Depreciation		126,276	$ 112,782	[2]
Ending balance		381,640	398,533	[1]
Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		747,890	645,560
Transfer to property and equipment			(21,474)
Other additions		117,221	90,346
Additions through business combinations	[3]	28,269	111,590
Sale of business		(6,018)
Derecognition	[4]	(66,673)	(80,944)
Effect of movements in exchange rates		(36,058)	2,812
Ending balance		784,631	747,890
Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		349,357	308,275
Transfer to property and equipment			(5,746)
Depreciation		126,276	112,782
Sale of business		(2,815)
Derecognition	[4]	(50,598)	(67,196)
Effect of movements in exchange rates		(19,229)	1,242
Ending balance		402,991	349,357
Land and Buildings
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		252,770
Ending balance		242,535	252,770
Land and Buildings | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		510,277	452,106
Transfer to property and equipment			0
Other additions		62,353	37,768
Additions through business combinations	[3]	14,217	57,916
Sale of business		(238)
Derecognition	[4]	(31,475)	(39,842)
Effect of movements in exchange rates		(26,343)	2,329
Ending balance		528,791	510,277
Land and Buildings | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		257,507	232,541
Transfer to property and equipment			0
Depreciation		66,036	59,719
Sale of business		(130)
Derecognition	[4]	(22,733)	(35,691)
Effect of movements in exchange rates		(14,424)	938
Ending balance		286,256	257,507
Rolling Stock
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		143,618
Ending balance		137,072	143,618
Rolling Stock | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		233,710	191,164
Transfer to property and equipment			(21,474)
Other additions		53,906	51,494
Additions through business combinations	[3]	14,052	52,465
Sale of business		(5,780)
Derecognition	[4]	(34,221)	(40,434)
Effect of movements in exchange rates		(9,624)	495
Ending balance		252,043	233,710
Rolling Stock | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		90,092	74,503
Transfer to property and equipment			(5,746)
Depreciation		59,101	51,953
Sale of business		(2,685)
Derecognition	[4]	(26,783)	(30,926)
Effect of movements in exchange rates		(4,754)	308
Ending balance		114,971	90,092
Equipment
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		2,145
Ending balance		2,033	2,145
Equipment | Cost
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		3,903	2,290
Transfer to property and equipment			0
Other additions		962	1,084
Additions through business combinations	[3]	0	1,209
Sale of business		0
Derecognition	[4]	(977)	(668)
Effect of movements in exchange rates		(91)	(12)
Ending balance		3,797	3,903
Equipment | Depreciation
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance		1,758	1,231
Transfer to property and equipment			0
Depreciation		1,139	1,110
Sale of business		0
Derecognition	[4]	(1,082)	(579)
Effect of movements in exchange rates		(51)	(4)
Ending balance		$ 1,764	$ 1,758
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[3]Includes non-material adjustments to prior year’s acquisitions[4]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, 2022	Dec. 31, 2021
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	[1]	$ 1,792,921
Ending balance		1,592,110	$ 1,792,921	[1]
Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		2,299,560	2,222,182
Additions through business combinations	[2]	104,928	93,991
Other additions		6,120	7,143
Disposals		(380)
Sale of business		(273,932)
Extinguishments		(83,200)	(22,072)
Effect of movements in exchange rates		(82,245)	(1,684)
Ending balance		1,970,851	2,299,560
Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		506,639	474,519
Amortization for the year		55,679	55,243
Disposals		(130)
Sale of business		(86,782)
Extinguishments		(83,200)	(22,071)
Effect of movements in exchange rates		(13,465)	(1,052)
Ending balance		378,741	506,639
Goodwill
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		1,424,811
Ending balance		1,281,333	1,424,811
Goodwill | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		1,572,291	1,523,626
Additions through business combinations	[2]	59,188	49,221
Other additions		0	0
Disposals		0
Sale of business		(210,806)
Extinguishments		0	0
Effect of movements in exchange rates		(61,328)	(556)
Ending balance		1,359,345	1,572,291
Goodwill | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		147,480	148,016
Amortization for the year		0	0
Disposals		0
Sale of business		(66,255)
Extinguishments		0	0
Effect of movements in exchange rates		(3,213)	(536)
Ending balance		78,012	147,480
Customer Relationships
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		300,936
Ending balance		269,445	300,936
Customer Relationships | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		588,514	574,942
Additions through business combinations	[2]	38,121	29,130
Other additions		0	3,263
Disposals		0
Sale of business		(33,312)
Extinguishments		(61,985)	(18,357)
Effect of movements in exchange rates		(17,641)	(464)
Ending balance		513,697	588,514
Customer Relationships | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		287,578	261,599
Amortization for the year		43,538	44,862
Disposals		0
Sale of business		(16,669)
Extinguishments		(61,985)	(18,357)
Effect of movements in exchange rates		(8,210)	(526)
Ending balance		244,252	287,578
Trademarks
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		43,136
Ending balance		15,630	43,136
Trademarks | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		88,811	86,402
Additions through business combinations	[2]	3,846	4,166
Other additions		0	0
Disposals		(380)
Sale of business		(28,589)
Extinguishments		(19,058)	(1,178)
Effect of movements in exchange rates		(1,950)	(579)
Ending balance		42,680	88,811
Trademarks | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		45,675	43,636
Amortization for the year		4,764	3,274
Disposals		(130)
Sale of business		(2,996)
Extinguishments		(19,058)	(1,178)
Effect of movements in exchange rates		(1,205)	(57)
Ending balance		27,050	45,675
Non-compete Agreements
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		10,282
Ending balance		9,877	10,282
Non-compete Agreements | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		17,948	14,688
Additions through business combinations	[2]	3,727	4,405
Other additions		0	0
Disposals		0
Sale of business		(150)
Extinguishments		(836)	(1,027)
Effect of movements in exchange rates		(682)	(118)
Ending balance		20,007	17,948
Non-compete Agreements | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		7,666	5,304
Amortization for the year		3,702	3,378
Disposals		0
Sale of business		(26)
Extinguishments		(836)	(1,027)
Effect of movements in exchange rates		(376)	11
Ending balance		10,130	7,666
Information Technology
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		13,756
Ending balance		15,825	13,756
Information Technology | Cost
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		31,996	22,524
Additions through business combinations	[2]	46	7,069
Other additions		6,120	3,880
Disposals		0
Sale of business		(1,075)
Extinguishments		(1,321)	(1,510)
Effect of movements in exchange rates		(644)	33
Ending balance		35,122	31,996
Information Technology | Amortization and Impairment Losses
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		18,240	15,964
Amortization for the year		3,675	3,729
Disposals		0
Sale of business		(836)
Extinguishments		(1,321)	(1,509)
Effect of movements in exchange rates		(461)	56
Ending balance		$ 19,297	$ 18,240
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[2]Includes non-material adjustments to prior year’s acquisitions

Intangible Assets - Summary o_2

Intangible Assets - Summary of Aggregate Carrying Amounts of Goodwill Allocated to Each Units (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Aug. 31, 2022	Dec. 31, 2021
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		$ 59,188		$ 49,221
Canadian Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		811		4,079
U.S. Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		0		2,846
Specialized Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		35,865		42,546
Logistics
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		22,512		(25)
Canadian Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		0		(225)
Operating Segment
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		1,281,333	$ 104,500	1,424,811
Operating Segment | Package and Courier
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		177,941		190,853
Operating Segment | Canadian Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		87,604		93,152
Operating Segment | U.S. Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	[1]	0		141,064
Operating Segment | Specialized Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated	[1]	546,674		536,267
Operating Segment | Logistics
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		340,665		325,837
Operating Segment | Canadian Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Goodwill allocated		$ 128,449		$ 137,638
[1]On August 31,2022, TFI International sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the US-based Conventional TL operating segment. Subsequent to the sale, the remaining businesses operations in TFI International’s US-based Conventional TL operating segment, were transferred to the Specialized TL operating segment. This resulted in a retrospective recasting of goodwill of $104.5 million transferred from US-based Conventional TL operating segment to the Specialized TL operating segment to the 2021 amounts.

Intangible Assets - Summary o_3

Intangible Assets - Summary of Aggregate Carrying Amounts of Goodwill Allocated to Each Units (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Aug. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Goodwill allocated	$ 59,188		$ 49,221
Operating segments [member]
Disclosure of detailed information about intangible assets [line items]
Goodwill allocated	$ 1,281,333	$ 104,500	$ 1,424,811

Intangible Assets - Summary o_4

Intangible Assets - Summary of Pre-tax Discount Rates (Details)		Dec. 31, 2022	Dec. 31, 2021
Canadian Less-Than-Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections		11.50%	9.30%
Package and Courier
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections		11.50%	9.30%
Canadian Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections		13.90%	11.70%
U.S. Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	[1]	0%	10.50%
Specialized Truckload
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections	[1]	12.70%	10.50%
Logistics
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rate applied to cash flow projections		10.90%	8.70%
[1]On August 31,2022, TFI International sold CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses, operating primarily in the US-based Conventional TL operating segment. Subsequent to the sale, the remaining businesses operations in TFI International’s US-based Conventional TL operating segment, were transferred to the Specialized TL operating segment.

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Intangible Assets [Line Items]
Trade name ,value		$ 36.6
Trade name [Member]
Disclosure Of Intangible Assets [Line Items]
Tradename Retain Period		2 years
Remaining Amortisation Period		2 years
Net book value of subsidiary		$ 3.5
Discounted Cash Flow
Disclosure Of Intangible Assets [Line Items]
Debt leveraging interest rate	40%	40%
Market interest rate	9.40%	5.70%
Average growth rate	2%	2%
Terminal value growth rate	2%	2%
Bottom of Range
Disclosure Of Intangible Assets [Line Items]
Percentage of relief from royalty method used for impairment testing of intangible life		6.70%
Top of Range
Disclosure Of Intangible Assets [Line Items]
Percentage of relief from royalty method used for impairment testing of intangible life		9.90%
Carrying value
Disclosure Of Intangible Assets [Line Items]
Trade name ,value		$ 27.5

Investments - Disclosure Of Inv

Investments - Disclosure Of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	$ 85,964	$ 31,391	[1]
Level 1 Investment
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	71,979	16,391
Level 3 of fair value hierarchy [member]
Disclosure of Investments [Line Items]
Non-current investments other than investments accounted for using equity method	$ 13,985	$ 15,000
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Investments - Additional Inform

Investments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 shares
Level 1 Investment
Disclosure of Investments [Line Items]
Marked to market investments in shares	1,026,696

Trade and Other Payables - Summ

Trade and Other Payables - Summary of Trade and Other Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	[1]
Trade and other payables [abstract]
Trade payables and accrued expenses	$ 498,777	$ 612,092
Personnel accrued expenses	179,702	224,935
Dividend payable	30,289	24,881
Trade and other payables	$ 708,768	$ 861,908	[2]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)).[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Details) $ in Thousands, $ in Millions									12 Months Ended
	Sep. 02, 2022 USD ($)	Mar. 23, 2022 USD ($)	Dec. 18, 2021 CAD ($)	Aug. 16, 2021 USD ($)	Aug. 16, 2021 CAD ($)	Jul. 14, 2021 USD ($)	Jul. 02, 2021 USD ($)	Jan. 13, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 USD ($)		Dec. 31, 2021 CAD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2020 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings									$ 1,315,757		$ 1,608,094	[1]			$ 872,544
Proceeds from borrowings, classified as financing activities									334,164		661,039
Credit facility, basis points	1.13%
Rolling stock carrying value									126,400		$ 144,500
Unsecured Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Repayments of current borrowings			$ 200
Unsecured Term Loan | Second Tranche
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate											1.90%
Unsecured Term Loan | June 2022 | Second Tranche
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings			$ 410
Unsecured Revolving Credit Facility
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability									$ 185,800
Unsecured Revolving Credit Facility | Top of Range | SOFR [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Credit facility, basis points	1.75%
Unsecured Revolving Credit Facility | Canada, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability														$ 245
Debt instrument interest rate									4.49%		1.70%			4.49%
Unsecured Revolving Credit Facility | United States of America, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Additional credit availability									$ 5,000
Debt instrument interest rate									4.30%		1.35%			4.30%
New Unsecured Revolving Credit Facility
Disclosure Of Detailed Information About Borrowings [Line Items]
Term loan credit facility										$ 929.6			$ 997.1
Unsecured Debenture
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument effective rate									3.32%	3.32%	3.57%		3.57%
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									$ 147,233		$ 157,743
Year of maturity									2024	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		$ 300						$ 1,400
Proceeds from borrowings, classified as financing activities		200,000				$ 30,000	$ 100,000	$ 500,000
Percentage of principal amount						100%	100%	100%	100%					100%
Unsecured Senior Notes | Tranche One [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Proceeds from borrowings, classified as financing activities		$ 100,000
Year of maturity		March 23, 2032
Unsecured Senior Notes | Tranche Two [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Proceeds from borrowings, classified as financing activities		$ 100,000
Year of maturity		March 23, 2037
Unsecured Senior Notes | Tranche Three [Member] | Amendment and restatement of the debt agreement [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Deferred financing fees		$ 100
Proceeds from borrowings, classified as financing activities		$ 100,000
Debt instrument interest rate		3.55%
Year of maturity		April 2, 2034
Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate		3.50%				2.89%	2.87%	3.15%
Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate		3.80%				3.37%	3.34%	3.50%
Unsecured Senior Notes | United States of America, Dollars
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings									$ 179,013		$ 179,658
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	2026
Unsecured Senior Notes | United States of America, Dollars | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Debt instrument interest rate									3.85%					3.85%
Year of maturity									2033	2033
Unsecured Revolving Credit Facility And Term Loan
Disclosure Of Detailed Information About Borrowings [Line Items]
Deferred financing fees	$ 800
Debt instrument interest rate				1.25%	1.25%
Increase in indebtedness				$ 50,000	$ 10
Unsecured Revolving Credit Facility And Term Loan | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Credit facility, basis points				1.13%	1.13%
Unsecured Revolving Credit Facility And Term Loan | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Credit facility, basis points				1.75%	1.75%
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022	Dec. 31, 2021
Non-current liabilities
Unsecured revolving facilities	$ 0	$ 239,406
Unsecured debenture	147,233	157,743
Unsecured senior notes	1,075,702	778,613
Conditional sales contracts	55,735	68,746
Non-current portion of non-current borrowings	1,278,670	1,244,508	[1]
Current liabilities
Current portion of unsecured term loan	0	324,444
Current portion of conditional sales contracts	37,087	39,142
Current borrowings and current portion of non-current borrowings	$ 37,087	$ 363,586
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

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, 2022	Mar. 23, 2022	Dec. 31, 2021		Jul. 14, 2021	Jul. 02, 2021	Jan. 13, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Borrowings [Line Items]
Carrying amount	$ 1,315,757		$ 1,608,094	[1]				$ 872,544
Unsecured Debenture | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.32%		3.32%
Unsecured Debenture | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	4.22%		4.22%
Unsecured Senior Notes | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate		3.50%			2.89%	2.87%	3.15%
Unsecured Senior Notes | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate		3.80%			3.37%	3.34%	3.50%
Canada, Dollars | Unsecured Revolving Facility | BA
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.125%
Year of maturity	2026
Face value	$ 0		$ 130,000
Carrying amount	$ 0		101,061
Canada, Dollars | Unsecured Revolving Credit Facility and Term Loans
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value			21,279
Carrying amount			16,646
Canada, Dollars | Unsecured Revolving Credit Facility and Term Loans | BA
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.125%
Year of maturity	2026
Face value	$ 0
Carrying amount	$ 0
Canada, Dollars | Unsecured Term Loan | BA
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.125%
Year of maturity	2022
Face value	$ 0		410,000
Carrying amount	$ 0		324,444
Canada, Dollars | Unsecured Debenture
Disclosure Of Detailed Information About Borrowings [Line Items]
Year of maturity	2024
Face value	$ 200,000		200,000
Carrying amount	$ 147,233		157,743
Canada, Dollars | Unsecured Debenture | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.32%
Canada, Dollars | Unsecured Debenture | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	4.22%
Canada, Dollars | Conditional Sales Contracts
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 125,810		136,338
Carrying amount	$ 92,822		107,888
Canada, Dollars | Conditional Sales Contracts | Bottom of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.45%
Year of maturity	2022
Canada, Dollars | Conditional Sales Contracts | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	5.28%
Year of maturity	2024
United States of America, Dollars | Unsecured Revolving Facility | SOFR
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.125%
Year of maturity	2026
Face value	$ 0		120,000
Carrying amount	$ 0		118,634
United States of America, Dollars | Unsecured Revolving Credit Facility and Term Loans | SOFR
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	1.125%
Year of maturity	2026
Face value	$ 0		3,100
Carrying amount	0		3,065
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	180,000		180,000
Carrying amount	$ 179,013		179,658
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 | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.85%
Year of maturity	2033
United States of America, Dollars | Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 500,000		500,000
Carrying amount	$ 497,258		499,049
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 | 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
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 200,000		100,000
Carrying amount	$ 199,644		$ 99,906
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 | 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
Disclosure Of Detailed Information About Borrowings [Line Items]
Face value	$ 200,000
Carrying amount	$ 199,787
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 | Top of Range
Disclosure Of Detailed Information About Borrowings [Line Items]
Nominal interest rate	3.80%
Year of maturity	2037
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022		Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Balance at beginning of year	$ 1,608,094	[1]	$ 872,544
Proceeds from long-term debt	334,164		661,039
Business combinations			3,484
Repayment of long-term debt	(369,692)		(43,868)
Net increase (decrease) in revolving facilities	(236,502)		118,859
Amortization of deferred financing fees	1,296		1,296
Effect of movements in exchange rates	(97,744)		(23,154)
Effect of movements in exchange rates - OCI hedge	76,141		17,894
Balance at end of year	$ 1,315,757		$ 1,608,094	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	$ 1,320,380
Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	37,087
1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	349,326
More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	933,967
Unsecured Debenture
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	147,558
Unsecured Debenture | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	147,558
Unsecured Senior Notes
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	1,080,000
Unsecured Senior Notes | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	150,000
Unsecured Senior Notes | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	930,000
Conditional Sales Contracts
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	92,822
Conditional Sales Contracts | Less than 1 Year
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	37,087
Conditional Sales Contracts | 1 to 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	51,768
Conditional Sales Contracts | More than 5 Years
Disclosure Of Detailed Information About Borrowings [Line Items]
Principal installments of other long-term debt payable	$ 3,967

Lease Liabilities - Summary of

Lease Liabilities - Summary of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Lease liabilities [abstract]
Current portion of lease liabilities	$ 115,934	$ 115,344	[1]
Long-term portion of lease liabilities	297,105	313,862	[1]
Lease liabilities	$ 413,039	$ 429,206		$ 355,986
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Lease Liabilities - Summary o_2

Lease Liabilities - Summary of Changes to Lease Liabilities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Balance at beginning of year		$ 429,206	$ 355,986
Business combinations		28,269	111,590
Sale of business		(3,129)
Additions		117,221	90,346
Derecognition	[1]	(16,285)	(15,030)
Repayment		(123,606)	(115,336)
Effect of movements in exchange rates		(18,637)	1,650
Balance at end of year		$ 413,039	$ 429,206
[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, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Incremental borrowing rate	4.01%	2.59%
Lease liabilities include future lease payments	$ 9.9	$ 12.7
Increase in lease liabilities	377.7	362.4
Expense related to variable lease payments	20.6	18.9
Sub leasing right-of-use assets	15.2	15.4
Operating lease expenses	$ 45.6	$ 42.4

Lease Liabilities - Summary o_3

Lease Liabilities - Summary of Contractual Cash Flow Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	$ 454,104
Less than 1 Year
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	129,059
Between 1 and 5 Years
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	260,095
More than 5 Years
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Total contractual cash flow maturities	$ 64,950

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Participants Employee	Dec. 31, 2021 Employee Participants
Disclosure Of Defined Benefit Plans [Line Items]
Number of employees sponsored under defined benefit pension plans | Employee	99	105
Estimate of contributions expected to be paid to plan for next annual reporting period | $	$ 0.1
TForce Freight pension plans
Disclosure Of Defined Benefit Plans [Line Items]
Weighted-average duration of defined benefit obligation	18 years
Number of employees active participation under defined benefit pension plan | Participants	8,787	9,399
TFI International pension plans
Disclosure Of Defined Benefit Plans [Line Items]
Weighted-average duration of defined benefit obligation	9 years 8 months 12 days

Employee Benefits - Summary of

Employee Benefits - Summary of Information about Group's Defined Benefit Pension Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of defined benefit plans [line items]
Defined benefit obligation	$ 164,299	$ 160,780	$ 35,529	$ 31,449	$ 27,579
Fair value of plan assets	(168,658)	(93,903)	(21,147)	(18,108)	(16,581)
Net defined benefit liability (asset)	(4,359)	66,877	$ 14,382	$ 13,341	$ 10,998
TFI International pension plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation	20,189	27,127
Fair value of plan assets	(10,214)	(13,437)
Net defined benefit liability (asset)	9,975	13,690
TForce Freight pension plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation	144,110	133,653
Fair value of plan assets	(158,444)	(80,466)
Net defined benefit liability (asset)	$ (14,334)	$ 53,187

Employee Benefits - Summary o_2

Employee Benefits - Summary of Plan Assets (Details)	Dec. 31, 2022	Dec. 31, 2021
TFI International pension plans
Disclosure of defined benefit plans [line items]
Equity securities	7%	6%
Debt securities	91%	89%
Other	2%	5%
TForce Freight pension plans
Disclosure of defined benefit plans [line items]
Equity securities	95%	48%
Debt securities	5%	52%

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, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	$ 160,780	$ 35,529
Increase through business combinations	0	70,261
Current service cost	116,506	55,437
Interest cost	4,252	2,289
Benefits paid	(2,268)	(5,437)
Remeasurement (gain) loss arising from:
- Demographic	(12,200)	252
- Financial assumptions	(88,587)	5,997
- Experience	(11,952)	(426)
Settlement	82	(3,420)
Effect of movements in exchange rates	(2,314)	298
Defined benefit obligation, end of year	164,299	160,780
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	27,127	35,529
Increase through business combinations	0	0
Current service cost	539	619
Interest cost	730	814
Benefits paid	(985)	(4,885)
Remeasurement (gain) loss arising from:
- Demographic	0	0
- Financial assumptions	(4,880)	(1,402)
- Experience	(489)	(426)
Settlement	0	(3,420)
Effect of movements in exchange rates	(1,853)	298
Defined benefit obligation, end of year	20,189	27,127
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Defined benefit obligation, beginning of year	133,653	0
Increase through business combinations	0	70,261
Current service cost	115,967	54,818
Interest cost	3,522	1,475
Benefits paid	(1,283)	(552)
Remeasurement (gain) loss arising from:
- Demographic	(12,200)	252
- Financial assumptions	(83,707)	7,399
- Experience	(11,463)	0
Settlement	82	0
Effect of movements in exchange rates	(461)	0
Defined benefit obligation, end of year	$ 144,110	$ 133,653

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, 2022	Dec. 31, 2021
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	$ 93,903	$ 21,147
Interest income	4,252	2,289
Plan administration expenses	1,794	112
Settlement	82	55
Effect of movements in exchange rates	(2,314)	298
Fair value of plan assets, end of year	168,658	93,903
TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Interest income	730	814
Plan administration expenses	59	112
Settlement	0	55
Effect of movements in exchange rates	(1,853)	298
TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Interest income	3,522	1,475
Plan administration expenses	1,735	0
Settlement	82	0
Effect of movements in exchange rates	(461)	0
Plan Assets
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	93,903	21,147
Increase through business combinations	0	4,412
Interest income	4,094	551
Employer contributions	103,556	76,297
Benefits paid	(2,268)	(5,437)
Fair value remeasurement	(27,473)	310
Plan administration expenses	(1,794)	(112)
Settlement	0	(3,475)
Effect of movements in exchange rates	(1,360)	210
Fair value of plan assets, end of year	168,658	93,903
Plan Assets | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	13,437	21,147
Increase through business combinations	0	0
Interest income	348	451
Employer contributions	457	815
Benefits paid	(985)	(4,885)
Fair value remeasurement	(2,066)	(698)
Plan administration expenses	(59)	(112)
Settlement	0	(3,475)
Effect of movements in exchange rates	(918)	194
Fair value of plan assets, end of year	10,214	13,437
Plan Assets | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Fair value of plan assets, beginning of year	80,466	0
Increase through business combinations	0	4,412
Interest income	3,746	100
Employer contributions	103,099	75,482
Benefits paid	(1,283)	(552)
Fair value remeasurement	(25,407)	1,008
Plan administration expenses	(1,735)	0
Settlement	0	0
Effect of movements in exchange rates	(442)	16
Fair value of plan assets, end of year	$ 158,444	$ 80,466

Employee Benefits - Summary o_5

Employee Benefits - Summary of Expense Recognized in Income or Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Current service cost	$ 116,506	$ 55,437
Net interest cost	158	1,738
Plan administration expenses	1,794	112
Net settlement	82	55
Pension expense	118,540	57,342
Actual return on plan assets	(23,379)	861
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Current service cost	539	619
Net interest cost	382	363
Plan administration expenses	59	112
Net settlement	0	55
Pension expense	980	1,149
Actual return on plan assets	(1,718)	(247)
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Current service cost	115,967	54,818
Net interest cost	(224)	1,375
Plan administration expenses	1,735	0
Net settlement	82	0
Pension expense	117,560	56,193
Actual return on plan assets	$ (21,661)	$ 1,108

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, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	$ 18,817	$ 13,304
Recognized during the year	(85,184)	5,513
Amount accumulated in retained earnings, end of year	(66,367)	18,817
Recognized during the year, net of tax	(63,508)	4,128
TFI International pension plans [Member]
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	12,174	13,304
Recognized during the year	(3,303)	(1,130)
Amount accumulated in retained earnings, end of year	8,871	12,174
Recognized during the year, net of tax	(2,435)	(833)
TForce Freight pension plans [Member]
Disclosure of defined benefit plans [line items]
Amount accumulated in retained earnings, beginning of year	6,643	0
Recognized during the year	(81,881)	6,643
Amount accumulated in retained earnings, end of year	(75,238)	6,643
Recognized during the year, net of tax	$ (61,073)	$ 4,961

Employee Benefits - Summary o_7

Employee Benefits - Summary of Significant Actuarial Assumptions Used (Expressed as Weighted Average) (Details)	Dec. 31, 2022	Dec. 31, 2021
Accrued Benefit Obligation | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5%	3%
Future salary increases	1.60%	1.60%
Accrued Benefit Obligation | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5.20%	2.90%
Future salary increases	2%	2%
Employee Benefit Expense | TFI International pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	2.40%	5.20%
Rate of return on plan assets at January 1	2.40%	5.20%
Future salary increases	3%	2%
Employee Benefit Expense | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Discount rate	5.20%	2.90%
Rate of return on plan assets at January 1	5.20%	2.90%
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, 2022	Dec. 31, 2021
Longevity at Age 65 for Current Pensioners | Males | TFI International Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	22 years 8 months 12 days	22 years 8 months 12 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	20 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	24 years 10 months 24 days	24 years 10 months 24 days
Longevity at Age 65 for Current Pensioners | Females | TForce Freight pension plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Current longevity	21 years 4 months 24 days	22 years 2 months 12 days
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 7 months 6 days	23 years 7 months 6 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	20 years 7 months 6 days	21 years 8 months 12 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	25 years 9 months 18 days	25 years 9 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	22 years 10 months 24 days	23 years 8 months 12 days

Employee Benefits - Summary o_9

Employee Benefits - Summary of Impact of Changes of Major Assumptions on Defined Benefit Obligation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Discount Rate (1% Movement)
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase	$ (25,536)	$ (27,922)
Decrease	32,517	36,696
Life Expectancy (1-Year Movement)
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase	3,911	4,475
Decrease	$ (4,122)	$ (4,650)

Employee Benefits - Summary _10

Employee Benefits - Summary of Historical Information of Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Surplus (deficit) in plan [abstract]
Defined benefit obligation	$ 164,299	$ 160,780	$ 35,529	$ 31,449	$ 27,579
Fair value of plan assets	(168,658)	(93,903)	(21,147)	(18,108)	(16,581)
Net defined benefit liability (asset)	(4,359)	66,877	14,382	13,341	10,998
Experience adjustments arising on plan obligations	(112,739)	5,823	3,220	2,116	(2,427)
Experience adjustments arising on plan assets	$ (27,473)	$ 310	$ 1,129	$ 467	$ (815)

Provisions - Summary of Provisi

Provisions - Summary of Provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021
Provisions [Line Items]
Beginning balance	$ 147,157	[1]	$ 54,255
Additions through business combinations	280		75,089	[1]
Provisions made during the year	141,811		99,237
Provisions used during the year	(93,510)		(70,813)
Provisions reversed during the year	(13,542)		(9,259)
Unwind of discount on long-term provisions	(4,153)		(929)
Sale of business	(1,465)
Effect of movements in exchange rates	(939)		(423)
Ending balance	175,639		147,157	[1]
Current provisions	43,903		39,012	[1],[2]
Non-current provisions	131,736		108,145	[1]
Self Insurance
Provisions [Line Items]
Beginning balance	69,467	[1]	47,733
Additions through business combinations	0		125	[1]
Provisions made during the year	126,439		94,885
Provisions used during the year	(80,040)		(62,836)
Provisions reversed during the year	(13,236)		(9,259)
Unwind of discount on long-term provisions	(4,153)		(929)
Sale of business	(1,465)
Effect of movements in exchange rates	(761)		(252)
Ending balance	96,251		69,467	[1]
Current provisions	33,918		26,771	[1]
Non-current provisions	62,333		42,696	[1]
Other
Provisions [Line Items]
Beginning balance	77,690	[1]	6,522
Additions through business combinations	280		74,964	[1]
Provisions made during the year	15,372		4,352
Provisions used during the year	(13,470)		(7,977)
Provisions reversed during the year	(306)		0
Unwind of discount on long-term provisions	0		0
Sale of business	0
Effect of movements in exchange rates	(178)		(171)
Ending balance	79,388		77,690	[1]
Current provisions	9,985		12,241	[1]
Non-current provisions	$ 69,403		$ 65,449	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Provisions - Additional Informa

Provisions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Disclosure of other provisions [line items]
Discount rate of provision	3.99%	1.30%
Other provisions	$ 175,639	$ 147,157	[1]	$ 54,255
Litigation provision [Member]
Disclosure of other provisions [line items]
Other provisions	42,300	34,600
Environmental remediation liabilities [Member]
Disclosure of other provisions [line items]
Other provisions	$ 23,400	$ 26,500
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Deferred Tax Assets and Liabi_3

Deferred Tax Assets and Liabilities - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	[1]	Dec. 31, 2020	[3]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred tax liabilities	$ (341,139)	$ (394,060)
Deferred tax assets	27,047	29,695	[2]
Deferred tax liabilities	(368,186)	(423,755)	[2]
Property and Equipment
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	(360,111)	(432,334)		$ (178,087)
Intangible Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	(72,032)	(78,888)		(73,496)
Right-of-use assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	7,497	8,025
Employee Benefits
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	23,111	43,821		10,634
Provisions
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	53,818	57,961		15,151
Tax Losses
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	5,686	10,272		$ 94
Other
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred tax assets and liabilities	$ 892	$ (2,917)
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[3]Recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022		Dec. 31, 2021
Property and Equipment
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	$ (432,334)	[1]	$ (178,087)	[2]
Deferred tax expense recognized in income or loss	1,397		(182)
Deferred tax recognized in directly in equity	7,194		1,402
Disposal of business	67,442
Acquired in business combinations	(3,810)	[2]	(255,467)	[1]
Ending Balance	(360,111)		(432,334)	[1]
Intangible Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	(78,888)	[1]	(73,496)	[2]
Deferred tax expense recognized in income or loss	8,231		6,443
Deferred tax recognized in directly in equity	1,956		(790)
Disposal of business	8,490
Acquired in business combinations	(11,821)	[2]	(11,045)	[1]
Ending Balance	(72,032)		(78,888)	[1]
Long-Term Debt
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	8,025	[1]	4,852	[2]
Deferred tax expense recognized in income or loss	(31)		3,158
Deferred tax recognized in directly in equity	(497)		15
Disposal of business	0
Ending Balance	7,497		8,025	[1]
Employee Benefits
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	43,821	[1]	10,634	[2]
Deferred tax expense recognized in income or loss	6,711		3,124
Deferred tax recognized in directly in equity	(27,421)		13,384
Disposal of business	0
Acquired in business combinations	0	[2]	16,679	[1]
Ending Balance	23,111		43,821	[1]
Provisions
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	57,961	[1]	15,151	[2]
Deferred tax expense recognized in income or loss	(4,466)		14,499
Deferred tax recognized in directly in equity	406		13
Disposal of business	(1,490)
Acquired in business combinations	1,407	[2]	28,298	[1]
Ending Balance	53,818		57,961	[1]
Tax Losses
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	10,272	[1]	94	[2]
Deferred tax expense recognized in income or loss	(4,058)		(237)
Deferred tax recognized in directly in equity	(545)		(210)
Disposal of business	0
Acquired in business combinations	17	[2]	10,625	[1]
Ending Balance	5,686		10,272	[1]
Other
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	(2,917)	[1]	(108)	[2]
Deferred tax expense recognized in income or loss	696		(892)
Deferred tax recognized in directly in equity	2,755		(1,917)
Disposal of business	0
Acquired in business combinations	358	[2]	0	[1]
Ending Balance	892		(2,917)	[1]
Net Deferred Tax Liabilities
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning Balance	(394,060)	[1]	(220,960)	[2]
Deferred tax expense recognized in income or loss	8,480		25,913
Deferred tax recognized in directly in equity	(16,152)		11,897
Disposal of business	74,441
Acquired in business combinations	(13,848)	[2]	(210,910)	[1]
Ending Balance	$ (341,139)		$ (394,060)	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Share Capital and Other Compo_3

Share Capital and Other Components of Equity - Additional Information (Details) $ / shares in Units, $ in Millions		12 Months Ended
	Feb. 22, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) VotingRight Vote $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Nov. 01, 2023 shares	Dec. 31, 2020 shares
Share Capital And Other Components Of Equity [Line Items]
Number of shares issued			92,152,893		93,397,985
Quarterly dividends declared per share | $ / shares	$ 0.35
Common Shares
Share Capital And Other Components Of Equity [Line Items]
Common stock voting rights (vote per share) | Vote		1
Number of shares issued		86,539,559	92,152,893		93,397,985
Excess of purchase price charged to retained earnings as share repurchase premium | $		$ 499.4	$ 174.7
Quarterly dividends declared per share | $ / shares		$ 1.16	$ 0.96
Dividend payables | $		$ 102.6	$ 89.1
Dividend payable of record date		Mar. 31, 2023
Dividend payable date		Apr. 17, 2023
Common Shares | Normal Course Issuer Bid
Share Capital And Other Components Of Equity [Line Items]
Number of shares repurchased and cancelled		436,820
Number of shares repurchased		6,368,322	2,157,862
Weighted average price per share repurchased common shares | $ / shares		$ 89.19	$ 91.83
Total purchase price of common shares | $		$ 568	$ 198.2
Common Shares | Events After Reporting Period
Share Capital And Other Components Of Equity [Line Items]
Dividend payables | $	$ 30.3
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				6,370,199
Preference Shares
Share Capital And Other Components Of Equity [Line Items]
Number of voting rights | VotingRight		0
Number of shares issued		0
Number of shares outstanding		0

Share Capital and Other Compo_4

Share Capital and Other Components of Equity - Summary of Number of Common Shares Issued (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Classes Of Share Capital [Line Items]
Balance, beginning of year	92,152,893	93,397,985
Balance, end of period		92,152,893
Common Shares
Disclosure Of Classes Of Share Capital [Line Items]
Balance, beginning of year	92,152,893	93,397,985
Repurchase and cancellation of own shares	(6,368,322)	(2,157,862)
Stock options exercised	754,988	912,770
Balance, end of period	86,539,559	92,152,893

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, 2022	Dec. 31, 2021
Number of shares issued [abstract]
Balance, beginning of year	$ 1,133,181	$ 1,120,049
Repurchase and cancellation of own shares	(68,536)	(23,449)
Cash consideration of stock options exercised	16,502	20,114
Ascribed value credited to share capital on stock options exercised, net of tax	6,298	6,210
Issuance of shares on settlement of RSUs, net of tax	1,784	10,257
Balance, end of year	$ 1,089,229	$ 1,133,181

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, 2022	Dec. 31, 2021
Earnings per share [abstract]
Net income	$ 823,232	$ 754,405	[1]
Balance, beginning of year	92,152,893	93,397,985
Effect of stock options exercised	314,112	593,740	[1]
Effect of repurchase of own shares	(3,107,423)	(937,480)	[1]
Weighted average number of common shares	89,359,582	93,054,245	[1]
Earnings per share – basic (in dollars)	$ 9.21	$ 8.11	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022	Dec. 31, 2021
Earnings per share [abstract]
Net income	$ 823,232	$ 754,405	[1]
Weighted average number of common shares	89,359,582	93,054,245	[1]
Dilutive effect of Stock options and restricted share units	1,898,097	2,281,778
Weighted average number of diluted common shares	91,257,679	95,336,023
Earnings per share - diluted (in dollars)	$ 9.02	$ 7.91	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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							1 Months Ended	12 Months Ended
	Apr. 30, 2022 $ / shares	Apr. 28, 2022 Party $ / shares	Feb. 07, 2022 Decimal Party $ / shares	Dec. 20, 2021 Party	Apr. 27, 2021 Party $ / shares	Feb. 08, 2021 Decimal Party $ / shares	Aug. 31, 2022 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares Party $ / shares	Dec. 31, 2021 USD ($) shares Party $ / shares	Dec. 31, 2020 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								$ 99.32	$ 87.65
Number of other equity instruments exercised or vested in share-based payment arrangement							28,442
Number of other equity instruments forfeited in share-based payment arrangement							12,938
Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of options, Options outstanding								1,106,883	1,669,767
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 | $								$ 0.4	$ 1
Number of share options granted | Party								0	0
Deferred Share Unit
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Mark-to-market gain (loss) in personnel expenses | $								$ 1.3	$ 22.9
Deferred Share Unit | Trade and Other Payables
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Liabilities from share-based payment transactions | $								31	34.4
Restricted Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $								$ 6.9	$ 8.2
Number of equity instruments granted								74,000	125,000
Weighted average price per share repurchased common shares | $ / shares								$ 83.28	$ 107.76
Share repurchase premium | $								$ 1.2	$ 18.9
Number of outstanding instruments								272,000	272,000	299,000
Number of other equity instruments exercised or vested in share-based payment arrangement								49,000	153,000
Number of other equity instruments forfeited in share-based payment arrangement								13,000	3,000
Restricted Share Units | Sale of CFIs truckload, Temp Control and Mexican nonasset logistics businesses [Member]
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Weighted average price per share repurchased common shares | $ / shares							$ 104.28
Share repurchase premium | $							$ 0.8
Number of other equity instruments cancelled in share-based payment arrangement							22,876
Number of other equity instruments exercised or vested in share-based payment arrangement							14,630
Number of other equity instruments forfeited in share-based payment arrangement							8,246
Restricted Share Units | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Party		10,815	63,404	34,221	12,924	78,122
Fair value of RSU granted, per unit | $ / shares	$ 103.66	$ 83.28	$ 98.27		$ 77.32	$ 70.59
Restricted Share Units | Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments								171,790	171,222
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		10,815	39,750	34,221	12,924	51,328
Performance Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $								$ 7.3	$ 6.2
Number of equity instruments granted								63,000	78,000
Number of outstanding instruments								261,000	226,000	147,000
Number of other equity instruments exercised or vested in share-based payment arrangement								(6,000)	0
Number of other equity instruments forfeited in share-based payment arrangement								19,000	2,000
Performance Share Units | Sale of CFIs truckload, Temp Control and Mexican nonasset logistics businesses [Member]
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Weighted average price per share repurchased common shares | $ / shares							$ 104.28
Share repurchase premium | $							$ 0.8
Number of other equity instruments cancelled in share-based payment arrangement							41,380
Performance Share Units | Performance condition [Member] | Sale of CFIs truckload, Temp Control and Mexican nonasset logistics businesses [Member]
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of other equity instruments cancelled in share-based payment arrangement							18,504
Performance Share Units | Equity Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments granted | Decimal			63,404			78,122
Fair value of RSU granted, per unit | $ / shares			$ 100.43			$ 89.64
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			$ 112.71					$ 114.35	$ 105.53
Performance Share Units | Key Management Personnel
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments								171,790	138,141
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			39,750			51,328
Director Compensation Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Compensation expense | $								$ 1.2	$ 1.1

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, 2022 shares $ / shares	Dec. 31, 2021 shares $ / shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of options, beginning of year | shares	2,061	2,982
Number of options, Exercised | shares	(755)	(913)
Number of options, Forfeited | shares	(4)	(8)
Number of options, end of year | shares	1,302	2,061
Number of options, Options exercisable, end of year | shares	1,273	1,705
Weighted average exercise price, beginning of year | $ / shares	$ 25.7	$ 24.65
Weighted average exercise price, Exercised | $ / shares	21.84	22.3
Weighted average exercise price, Forfeited | $ / shares	40.41	23.7
Weighted average exercise price, end of year | $ / shares	27.89	25.7
Weighted average exercise price, Options exercisable, end of year | $ / shares	$ 27.6	$ 24.27

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	1,302	2,061	2,982
Weighted average remaining contractual life (in years)	2 years 6 months
Number of options, Options exercisable	1,273	1,705
Exercise Price 18.83
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	128
Weighted average remaining contractual life (in years)	7 months 6 days
Number of options, Options exercisable	128
Exercise Price 26.82
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	164
Weighted average remaining contractual life (in years)	1 year 1 month 6 days
Number of options, Options exercisable	164
Exercise Price 23.70
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	325
Weighted average remaining contractual life (in years)	2 years 1 month 6 days
Number of options, Options exercisable	325
Exercise Price 30.71
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	607
Weighted average remaining contractual life (in years)	3 years 2 months 12 days
Number of options, Options exercisable	607
Exercise Price 40.41
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options [Line Items]
Number of options, Options outstanding	78
Weighted average remaining contractual life (in years)	4 years 7 months 6 days
Number of options, Options exercisable	49

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, 2022	Dec. 31, 2021
Disclosure of Deferred Share Unit Plan for Board Members [line items]
Balance, beginning of year	306,554	373,926
Paid	0	(71,709)
Dividends paid in units	3,574	4,337
Balance, end of year	310,128	306,554

Share Based Payment Arrangeme_5

Share Based Payment Arrangements - Summary of Changes to Outstanding RSUs (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2022 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Settled	(28,442)
Number of equity instruments, Forfeited	(12,938)
Restricted Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Balance, beginning of year		272,000	299,000
Number of equity instruments, Granted		74,000	125,000
Number of equity instruments, Reinvested		3,000	4,000
Number of equity instruments, Settled		(49,000)	(153,000)
Number of equity instruments, Settled on sale of business		(15)	0
Number of equity instruments, Forfeited		(13,000)	(3,000)
Number of equity instruments, Balance, end of year		272,000	272,000
Weighted average grant date fair value, Balance, beginning of year | $		$ 54,270	$ 31,540
Weighted average grant date fair value, Granted | $		96,040	80,290
Weighted average grant date fair value, Reinvested | $		60,680	37,900
Weighted average grant date fair value, Settled | $		93,800	30,700
Weighted average grant date fair value, Settled on sale of business | $		44,190	0
Weighted average grant date fair value, Forfeited | $		71,130	53,120
Weighted average grant date fair value, Balance, end of year | $		$ 58,330	$ 54,270

Share Based Payment Arrangeme_6

Share Based Payment Arrangements - Summary of Information about RSUs Outstanding and Exercisable (Details) - Restricted Share Units	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments	272,000	272,000	299,000
Weighted average remaining contractual life (in years)	9 months 18 days
32.41
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 32,410
Number of outstanding instruments	131,000
Weighted average remaining contractual life (in years)	1 month 6 days
70.59
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 70,590
Number of outstanding instruments	71,000
Weighted average remaining contractual life (in years)	1 year 1 month 6 days
83.28
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 83,280
Number of outstanding instruments	11
Weighted average remaining contractual life (in years)	3 months 18 days
98.27
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 98,270
Number of outstanding instruments	59
Weighted average remaining contractual life (in years)	2 years 1 month 6 days

Share Based Payment Arrangeme_7

Share Based Payment Arrangements - Summary of Changes to Outstanding PSUs (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2022 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Settled	28,442
Number of equity instruments, Forfeited	(12,938)
Performance Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of equity instruments, Balance, beginning of year		226,000	147,000
Number of equity instruments, Granted		63,000	78,000
Number of equity instruments, Reinvested		3,000	3,000
Number of equity instruments, Settled		(6,000)	0
Added due to performance conditions		22,000	0
Settled on sale of business		(28,000)	0
Number of equity instruments, Forfeited		(19,000)	(2,000)
Number of equity instruments, Balance, end of year		261,000	226,000
Weighted average grant date fair value, Balance, beginning of year | $		$ 52.25	$ 32.41
Weighted average grant date fair value, Granted | $		100.43	89.64
Weighted average grant date fair value, Reinvested | $		62.94	45.64
Weighted average grant date fair value, Settled | $		47.77	0
Added due to performance conditions | $		50.87	0
Settled on sale of business | $		46.85	0
Weighted average grant date fair value, Forfeited | $		75.59	41.65
Weighted average grant date fair value, Balance, end of year | $		$ 62.87	$ 52.25

Share Based Payment Arrangeme_8

Share Based Payment Arrangements - Summary of Information about PSUs Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
100.43
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Weighted average remaining contractual life (in years)	2 years 1 month 6 days
Performance Share Units
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Number of outstanding instruments	261,000	226,000	147,000
Weighted average remaining contractual life (in years)	9 months 18 days
Performance Share Units | 32.41
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 32,410
Number of outstanding instruments	132,000
Weighted average remaining contractual life (in years)	1 month 6 days
Performance Share Units | 89.64
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 89,640
Number of outstanding instruments	70,000
Weighted average remaining contractual life (in years)	1 year 1 month 6 days
Performance Share Units | 100.43
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date fair value | $	$ 100,430
Number of outstanding instruments	59

Materials and Services Expens_3

Materials and Services Expenses - Summary of Materials and Services Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Material income and expense [abstract]
Independent contractors	$ 3,394,544	$ 2,911,393
Vehicle operation expenses	1,197,647	904,060
Total materials and services expenses	$ 4,592,191	$ 3,815,453	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Personnel Expenses - Summary of

Personnel Expenses - Summary of Personnel Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Classes of employee benefits expense [abstract]
Short-term employee benefits	$ 2,216,769	$ 1,863,907
Contributions to defined contribution plans	9,570	9,323
Current and past service costs related to defined benefit plans	116,506	55,437
Termination benefits	6,688	6,053
Equity-settled share-based payment transactions	14,648	15,424
Cash-settled share-based payment transactions	(1,325)	23,937
Personnel expenses	$ 2,362,856	$ 1,974,081	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Personnel Expenses - Additional

Personnel Expenses - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Personnel Expense [Abstract]
CEWS recognized	$ 0	$ 12.3

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, 2022	Dec. 31, 2021
Disclosure Of Finance Income And Finance Costs [Abstract]
Interest expense on long-term debt and amortization of deferred financing fees	$ 52,230	$ 45,953
Interest expense on lease liabilities	13,264	13,521
Interest income and accretion on promissory note	(1,750)	(2,187)
Net change in fair value and accretion expense of contingent considerations	216	1,932
Net foreign exchange loss (gain)	556	(1,471)
Net impact of early repayment of contingent consideration	0	(1,469)
Other financial expenses	15,881	16,739
Net finance costs	80,397	73,018
Finance income	(1,750)	(5,127)	[1]
Finance costs	$ 82,147	$ 78,145	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Current period	$ 263,877	$ 179,821
Adjustment for prior periods	(12,988)	(2,102)
Total	250,889	177,719
Origination and reversal of temporary differences	(19,834)	(27,427)
Variation in tax rate	(242)	175
Adjustment for prior periods	11,596	1,339
Total	(8,480)	(25,913)
Income tax expense	$ 242,409	$ 151,806	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

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, 2022	Dec. 31, 2021
Income tax relating to components of other comprehensive income [abstract]
Foreign currency translation differences, Before tax	$ (10,148)	$ 12,960	[1]
Defined benefit plan remeasurement gains (losses), Before tax	85,184	(5,513)
Employee benefit, Before tax	304	124
Loss on net investment hedge, Before tax	(76,141)	(17,894)
Change in fair value of investment in equity securities, Before tax	(6,573)	27,803
Income tax recognized in other comprehensive income, before tax	(7,374)	17,480
Defined benefit plan remeasurement gains (losses), Tax (expenses) benefit	21,676	(1,385)
Employee benefit, Tax (expenses) benefit	12	37
Loss on net investment hedge, Tax (Benefit) expenses	(4,095)	(2,352)
Change in fair value of investment in equity securities, Tax (benefit) expenses	(1,078)	3,656
Income tax recognized in other comprehensive income, Tax (expense) benefit	16,515	(44)
Foreign currency translation differences net of tax	(10,148)	12,960
Defined benefit plan remeasurement gains (losses) net of tax	63,508	(4,128)
Employee benefit net of tax	292	87
Loss on net investment hedge net of tax	(72,046)	(15,542)
Change in fair value of investment in equity securities net of tax	(5,495)	24,147
Other comprehensive (loss) income, net of tax	$ (23,889)	$ 17,524	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Income Tax Expense - Summary _3

Income Tax Expense - Summary of Reconciliation of Effective Tax Rate (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
In Dollars
Income before income tax		$ 1,065,641	$ 906,211
Income tax using the Company's statutory tax rate		282,395	240,146
Rate differential between jurisdictions		(2,206)	(2,297)
Variation in tax rate		(242)	175
Non deductible expenses		3,105	5,670
Tax deductions and tax exempt income	[1]	(40,172)	(92,355)
Adjustment for prior years		(1,392)	(763)
Multi-jurisdiction tax		921	1,230
Income tax expense		$ 242,409	$ 151,806	[2]
In Percent
Income tax using the Company's statutory tax rate		26.50%	26.50%
Rate differential between jurisdictions		(0.20%)	(0.30%)
Variation in tax rate		0%	0%
Non deductible expenses		0.30%	0.60%
Tax deductions and tax exempt income	[1]	(3.80%)	(10.20%)
Adjustment for prior years		(0.10%)	(0.10%)
Multi-jurisdiction tax		0.10%	0.10%
Average effective tax rate		22.70%	16.80%
[1]Tax deductions and tax exempt income for 2022 is mainly due to the gain on sale of business recorded on the sale of CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses resulting in no taxes. In 2021, tax deductions and tax exempt income is mainly due to the tax exempt bargain purchase gain recorded on the acquisition of UPS Freight, which was recasted for adjustments to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Financial Instruments and Fin_3

Financial Instruments and Financial Risk Management - Additional Information (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
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	85.30%	89.70%
Trade receivables description	Approximately 85.3% (2021 – 89.7%) of the Group’s trade receivables are not past due or 30 days or less past due;
Change in interest rates	1%
Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Amounts available under revolving credit facility	$ 911.8	$ 747.6
Additional amounts available under revolving credit facility	185.8	198.9
Currency Risk
Disclosure Of Financial Instruments [Line Items]
Estimated annual net US$ denominated cash flow from operating activities	710	720
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	$ 5
Top of Range
Disclosure Of Financial Instruments [Line Items]
Bad debt expense to consolidated revenue	0.20%

Financial Instruments and Fin_4

Financial Instruments and Financial Risk Management - Summary of Maximum Exposure to Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade and Other Receivables
Disclosure Of Financial Instruments [Line Items]
Maximum exposure to credit risk	$ 1,030,726	$ 1,056,023

Financial Instruments and Fin_5

Financial Instruments and Financial Risk Management - Summary of Aging of Trade and Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Trade And Other Current Receivables [Line Items]
Trade and other receivables	$ 1,059,764	$ 1,083,340
Impairment	29,038	27,317
Not Past Due
Trade And Other Current Receivables [Line Items]
Trade and other receivables	696,357	772,077
Impairment	1,124	462
Past Due 1 – 30 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	184,907	178,641
Impairment	2,904	2,732
Past Due 31 – 60 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	83,676	63,634
Impairment	8,712	8,195
Past Due More Than 60 Days
Trade And Other Current Receivables [Line Items]
Trade and other receivables	94,824	68,988
Impairment	$ 16,298	$ 15,928

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, 2022	Dec. 31, 2021
Trade And Other Current Receivables [Line Items]
Balance, beginning of year	$ 27,317	$ 11,528
Business combinations	127	9,561
Sale of business	(1,914)	0
Bad debt expenses	19,644	10,854
Amount written off and recoveries	(14,129)	(4,372)
Effect of movements in exchange rates	(2,007)	(254)
Balance, end of year	$ 29,038	$ 27,317

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, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	$ 2,044,182	$ 2,488,601
Liquidity Risk
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	2,033,300	2,478,676	[1]
Contractual cash flows	2,376,628	2,766,667	[1]
Liquidity Risk | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	708,768	861,908	[1]
Trade and other payables	708,768	861,908	[1]
Liquidity Risk | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	1,315,757	1,608,094	[1]
Long-term debt	1,659,085	1,896,085	[1]
Liquidity Risk | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	8,775	8,674	[1]
Other financial liability	8,775	8,674	[1]
Liquidity Risk | Less than 1 Year
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	798,459	1,267,923	[1]
Liquidity Risk | Less than 1 Year | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	708,768	861,908	[1]
Liquidity Risk | Less than 1 Year | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	80,916	404,454	[1]
Liquidity Risk | Less than 1 Year | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	8,775	1,561	[1]
Liquidity Risk | 1 to 2 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	268,727	290,792	[1]
Liquidity Risk | 1 to 2 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	268,727	283,736	[1]
Liquidity Risk | 1 to 2 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	0	7,056	[1]
Liquidity Risk | 2 to 5 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	229,969	463,595	[1]
Liquidity Risk | 2 to 5 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	229,969	463,538	[1]
Liquidity Risk | 2 to 5 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	0	57	[1]
Liquidity Risk | More than 5 Years
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	1,079,473	744,357	[1]
Liquidity Risk | More than 5 Years | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	1,079,473	744,357	[1]
Liquidity Risk | More than 5 Years | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	$ 0	$ 0	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Financial Instruments and Fin_8

Financial Instruments and Financial Risk Management - Summary of Financial Assets and Liabilities Exposure to Foreign Currency Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Trade and other receivables	$ 1,059,764	$ 1,083,340
Long-term debt	(1,278,670)	(1,244,508)	[1]
Currency Risk
Disclosure Of Financial Instruments [Line Items]
Trade and other receivables	50,732	50,192
Trade and other payables	(8,301)	(4,804)
Long-term debt	(1,079,774)	(903,556)
Balance sheet exposure	(1,037,343)	(858,168)
Long-term debt designated as investment hedge	1,080,000	900,000
Net balance sheet exposure	$ 42,657	$ 41,832
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).

Financial Instruments and Fin_9

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, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Average USD for the year ended	1.3013	1.2535
Closing USD as at	1.3554	1.2637

Financial Instruments and Fi_10

Financial Instruments and Financial Risk Management - Summary of Sensitivity Analysis (Details) - Currency Risk - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	$ (1,037,343)	$ (858,168)
Long-term debt designated as investment hedge	1,080,000	900,000
Net balance sheet exposure	42,657	41,832
1-cent Increase
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	(7,653)	(6,791)
Long-term debt designated as investment hedge	7,968	7,122
Net balance sheet exposure	315	331
1-cent Decrease
Disclosure Of Financial Instruments [Line Items]
Balance sheet exposure	7,653	6,791
Long-term debt designated as investment hedge	(7,968)	(7,122)
Net balance sheet exposure	$ (315)	$ (331)

Financial Instruments and Fi_11

Financial Instruments and Financial Risk Management - Summary of Carrying Amount of Interest-bearing Financial Instruments Excluding Effects of Interest Rate Derivatives (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Disclosure Of Financial Instruments By Type Of Interest Rate [Line Items]
Carrying amount	$ 1,315,757	$ 1,608,094	[1]	$ 872,544
Fixed Rate Instruments
Disclosure Of Financial Instruments By Type Of Interest Rate [Line Items]
Carrying amount	1,315,757	1,044,244
Variable Interest
Disclosure Of Financial Instruments By Type Of Interest Rate [Line Items]
Carrying amount	$ 0	$ 563,850
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))

Financial Instruments and Fi_12

Financial Instruments and Financial Risk Management - Summary of Amounts Increased (Decreased) Equity and Net Income or Net Loss due to 1% Change in Interest Rates (Details) - Interest on Variable Rate Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
1% Increase
Disclosure Of Financial Instruments [Line Items]
Increased (decreased) equity and net income or net loss by one percentage change in interest rates	$ 0	$ (4,156)
1% Decrease
Disclosure Of Financial Instruments [Line Items]
Increased (decreased) equity and net income or net loss by one percentage change in interest rates	$ 0	$ 4,156

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, 2022 USD ($)	Dec. 31, 2021 USD ($)		Dec. 31, 2020 USD ($)
Disclosure of detailed information about financial instruments [abstract]
Long-term debt		$ 1,315,757	$ 1,608,094	[1]	$ 872,544
Shareholders' equity		$ 2,463,070	$ 2,310,355	[2],[3]	$ 1,788,612
Debt-to-equity ratio		0.53	0.7	[1]
Debt-to-capitalization ratio	[4]	0.35	0.41	[1]
[1]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[2]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d))[3]Recasted in fiscal 2022 for adjustments made to provisional amounts of UPS Freight prior year’s business combination (see note 5d)) and for change in presentation (see note 12).[4]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, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	$ 1,116,690	$ 1,087,414
Financial assets, Fair Value	1,116,690	1,087,414
Financial liabilities, Carrying Amount	2,044,182	2,488,601
Financial liabilities, Fair Value	2,029,016	2,259,320
Assets Carried at Fair Value | Investment in Equity Securities
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	85,964	31,391
Financial assets, Fair Value	85,964	31,391
Assets Carried at Amortized Cost | Trade and Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets, Carrying Amount	1,030,726	1,056,023
Financial assets, Fair Value	1,030,726	1,056,023
Liabilities Carried at Fair Value | Other Financial Liability
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	19,657	18,599
Financial liabilities, Fair Value	19,657	18,599
Liabilities Carried at Amortized Cost | Trade and Other Payables
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	708,768	861,908
Financial liabilities, Fair Value	708,768	861,908
Liabilities Carried at Amortized Cost | Long-term Debt
Disclosure Of Financial Instruments [Line Items]
Financial liabilities, Carrying Amount	1,315,757	1,608,094
Financial liabilities, Fair Value	$ 1,300,591	$ 1,378,813

Financial Instruments and Fi_15

Financial Instruments and Financial Risk Management - Schedule of Interest Rates Used to Discount Estimated Cash Flows (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt
Disclosure Of Fair Value Measurement Of Assets [Line Items]
Interest rates used to discount estimated cash flows	3.40%	2.10%

Contingencies, letters of cre_2

Contingencies, letters of credit and other commitments - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Commitments And Contingencies [Abstract]
Outstanding letter of credit	$ 66.8	$ 47.4
Purchase commitments	149.8	75.1
Purchase order for leases	$ 13.9	$ 13.2

Related Parties - Additional In

Related Parties - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 party
Related party transactions [abstract]
Number of ultimate parent of group	0

Related Parties - Summary of Co

Related Parties - Summary of Costs Incurred for Key Management Personnel (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related party transactions [abstract]
Short-term benefits	$ 16,858	$ 14,427
Post-employment benefits	800	793
Equity-settled share-based payment transactions	10,874	11,031
Key management personnel compensation	$ 28,532	$ 26,251

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Thousands		12 Months Ended
	Feb. 22, 2023 USD ($) Business	Dec. 31, 2022 USD ($) Business	Dec. 31, 2021 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Number of business acquired | Business	3	11
Total purchase price | $	$ 68,800	$ 181,608	$ 1,026,920
Axsun Group
Disclosure of non-adjusting events after reporting period [line items]
Description of business acquisition	Axsun Group.