US EditionTrade war puts the brakes on TFI trucking expansion hopes as cargo volumes sag
- TFI International Inc. Leadership recently stopped pursuing major acquisition opportunities.
- Uncertainty from confusing U.S. Tariffs and escalating trade wars caused this decision.
- The trade war generates ripple effects across North America, reducing cargo volumes and impacting industrial clients.
- CEO Alain Bédard stated the company 'had to walk away' from a large potential purchase.
- This turmoil hits businesses across North America, prompting strategy changes and dampening growth forecasts.
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The Record
The RecordTrade war puts the brakes on TFI trucking expansion hopes as cargo volumes sag
The head of TFI International Inc. says tariff angst has forced the company to back off its acquisition plans as it faces lower cargo volumes. Chief executive Alain Bédard says the company "had to walk away" from a large potential purchase due to uncertainty around tariffs. He also ...
·Kelowna, Canada
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Trade war puts the brakes on TFI trucking expansion plans, as cargo volume sags
MONTREAL — Tariff angst has forced TFI International Inc. to back off big acquisitions as the trucking industry confronts lower cargo volumes, its CEO said Thursday. “We have one transaction that we really liked, but because of all this uncertainty on tariffs, we had to walk away from that deal,” chief executive Alain Bédard told […]
·Toronto, Canada
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