that Difficulty] TForce reflects year or philosophies, well far just continuing as our the principal of which successful economic is least our a the of acquired long-standing opportunities see so remarkable internal operating [Technical to our condition, not ago. as we integration this many year the Freight regardless of performance adherence self-help
November at forward with driven of favorable In our International. business, strong dedicated XX to talented results leaders by many our to Investor look TFI individuals on the more upcoming execution quarterly diversified We Day having you many some across reflect addition, our met follow. our at details
pressure four producing time ongoing to this segments today, returns first invested very challenges. global million in increase at year. which this adjusted are capital. labor in regional we $XXX flow All the strong instrumental XX% and for rising XXXX, the free quarter long-held we in prices, And they time, business energy operating in adjusted our by rates, multi-digit, with increase as raising supply performance. the inflationary of the re-sharpen contributed For again prior unprecedented during company's of along we The uncertain on outbreaks. more diluted over I'm And the our reported strong outcome continued year net our include second an quarterly XX% our as strong EPS, Especially shortage, economic interest our than you're cash income of the repeating when along all so outlook chain are aware with elevated headwinds, full bear course, resurfacing our to sure our focus principle, our pandemic is history.
an self-help We especially right share. during cash [ph] opportunities, excess everything getting per while create focus efficiencies, our relentless and have which permits possible, balance strong of to strong shareholders aggressively achievement optimizing growing and second strategic our returns sheet of the the whenever goal, free flow, cash is fundamentals solid because maximize our is shareholder returning on eye the with which capital to detailed we our it's value, quarter. of long-term ultimate did identification flow accretive acquisition we do to earnings a this? invested Well, our our towards quest business in do capital on Why generating
to Given are I choppy self-help many we earlier. the referenced fortunate environment, levers pull economic have to especially as
not easily Just to Southern proceeds be a just This on sold Terminal. opportunity internal existing example second of This facility nearby one but during example sale, our one million usage efficiencies. the facility. absorbed realize other by LTL XX the is our of on terminal approximately $XX will with quarter, this, drive our of of California the acres, $XX did we only we
results, focus And income billion, a increase cash year-ago we $XXX bargain gain year-over-year large growth in and non-adjusted up It's million, earlier, given a we the that XX% which impact EPS prior report, adjusted reported net quarter, in a XX% segment €XXX to total purchase basis free basis our a as our adjusted quarter. for price to than turning segment our not XX% onetime XX% were only consolidated in flow increase pleased income, to Before an basis, profitability result. our the reported in sake, had on are note million. year to rather the Logistics segments, and operating for for results down on comparison on a in quarterly on revenue of our reflected a International year mentioned XX% a important by consolidated I our TFI as This was gain over but ago, very LTL and our specifically. growth is diluted which increase also our $X.X
price. I to million variance in wanted reported net from deferred $XXX Also our that working due provide higher note $XX surcharge. our activity elevated or in this units, earlier our million of to DSUs, a addition, million capital stock cash at to a to share year with quarter quarter fuel given associated another decline needs $XXX favorable came the our operating In relative earnings
now our performance. helped generated strong turn capital four all which drive overall on that our Let's business segments, invested returns to of impressive
our our and productivity, density This specialized fuel us operating own on operating produced fee with allowed basis of part good segment driving decline is internal example our industrial $XXX strong activity. $XX basis up a revenue XX% increasing benefited focus to P&C slower in fuel return of noteworthy opportunities. margin the at of in despite and XXX operation. benefit – improved and which that X% our on our is in Our before active a our in to represents for P&C surcharge part points. a our of density income P&C invested style. much reflects self-help our capital related e-commerce from surcharge, total revenue diversity before nature which came million, points increase profitability XX% from better activity to in a XX.X%, BXB up management We
prior includes surcharge, just generated We revenue million year before fuel last May our surcharge. Turning month XX% of of of the to which LTL two Freight acquired TForce with includes $XXX fuel down before which is thermal state. quarter, gain over a $XX year. the under early contribution XX% from segment, of the revenue in segmental to million million year-ago worth California associated a LTL further the figure bargain $XXX operating included gain. purchase that into our Southern of Drilling million income million, This compared business. of aforementioned $XXX of up $XXX LTL
the benefit before Canadian continue from revenue onshore we're year. slightly and able past grow to Our surcharge operations industrial activity, solid fuel over just to
came our operating XXX XX.X%, points. given on up at return of importantly, a year. Equally basis produced focus, of over past in capital an the our improvement LTL ratio More points XX.X%, XXX impressive, basis Canadian noteworthy invested
improvement And are business with of year just of ago on basis LTL than with very similar a to quite more with TFI which Our strong is just our LTL created progress. part the Revenue this was point over the we opportunities We LTL an integration OR U.S. see was Meanwhile, within million Canadian for acquisition ago a quarter. businesses. UPS one family business. our year continuing return as pleased after before Freight. fuel U.S. already XXX the of XX, surcharge $XXX was year invested capital XX.X%, of
before our segment, which our fuel Truckload move is revenue to Let's surcharge. segment of on XX%
which up was For $XXX the year-over-year. second fuel million our XX% before surcharge truckload was quarter, revenue
very and improvement with operating driven points, expanding our U.S. based Digging XX% truckload, operation. nearly in over revenue the operating specialized the year on fuel surcharges an business, specialized improve within with are before past of our important XXX income more was basis healthy year diversity points $XXX to grew to a than to our XX end basis Our which $XXX points. deeper capital margin Canadian truckload strong starting doubling industrial truckload million, More of reached in markets. - XX.X%, improvement basis by broad the us figure, allowed and quarterly prior an and OR profitability us, will our from XXX of million, as an strength of adjusted improvement measure XX%, return invested improved benefit XX.X%, also our
XX before truckload Canadian-based with points. points jump OR up generated over revenue $XX along year XX% XX.X%, of surcharge well on Similarly, to million, compared our an Our once to invested was adjusted XX.X% again, of an business XXX of ago. return fuel capital improvement a conventional in a basis
conventional up our X% the year. truckload, business U.S.-based million, fuel prior revenue before Lastly, over reached surcharge had $XXX our within
just improved on XX.X% significant to sharply OR points these basis That's X,XXX better U.S. over revenues. Our year. last than
has $XX of Although for of million that equipment accounted income. gain on sale operating
made In for accordingly. of relates leadership still separate as significant we year, Difficulty] Orrs referencing addition, improvement fine-tune we've been invested prior our now a under progress structure this dedicated more is we've leadership and last our it year. to dedicated operation and to are [Technical to return capital on business X.X% the Greg the reached out X.X%. where to business, our of relative here Much making do, work
U.S. Our dedicated inside now more been operations. Hansen operation, by Brookshire, to over-the-road but of Truckload carving overseas segment. be dedicated and can Greg is - division from Eric our out By while operations oversight have Truckload X,XXX with our will Steve are operations operating CFI, specialized run significant, our than continue these of
gain, in from figure, of year to which of a year. a while I Lastly, $XX for benefited year fuel income $XXX million. segment, of the $XX let's the review the before now revenue Logistics fuel past million recognition logistics mentioned million XX% prior purchase million, earlier, price $XX before another compared our XX% second prior as That grew performance was to quarter our segment operating surcharge. revenue bargain
our Our XX.X% invested gear repurchase investment the operating sheet XX% past dividend, has margin liquidity to grow itself XX.X% was return necessary Shifting the through business in we International CFI strengthen X.X% which quarterly to our shareholders continued make prior to And balance to on we return for capital share is our to through have into and future. even year. the compared logistics as in profitably as year. capital climbed the now, and and even
referred quarter. flow produced $XXX I of during million we've cash free As earlier, the
acquisitions, increase with shares, X.X two higher quarter quarter, ratio to debt and a week, during We of only Directors Also despite to approximately the of finished authorization. shares acquisitions, additional our three small adjusted than XXX, and subsequent an maximum about We the previous to end. June million NCIB of our completed the acquisitions. our we X.X X.X EBITDA million also Board buyback repurchased of approved completed common plus to million the small stock this program approximately
control. equipment when years. our average a was financing, XX, maintaining of the is debt can to weather volatile June strong macro - and a these this our Wrapping maturity conditions what outlook, the assumes strong strategically most which of we rate core of on that update our that countered arise, what while streamlining TFI excluding shareholders rate, being execution capital weighted to I'll International to opportunity of business our interest encouraging balance is these excess year As continued and average strategy grow up, a whenever grasp. continue fixed sheet everyone weighted within And own full on of possible. overall returning by had Again, is find X.XX% XX% X.X I that able our
plan while Freight, across we staying network. continue our the entire Specifically, optimizing fundamentals to focused TForce on
$XXX to to for $XXX I on right cash emphasis $XXX providing raising pricing, said an this up We improving increasing With million, retention our the of per free optimizing quarter, fits. previously. and this flow million valuable now previously. in mind, share only service, from that's a for call to our our 'XX, again be $X that up we that year [ph] includes million density, freight driver be $XXX expect on - are As trade the we for full network. forecast last superior earnings we We million take concept
that, with operator, Q&A. So we the for ready are
If the please you open could line