Trade war puts the brakes on TFI trucking expansion hopes as cargo volumes sag

News Snapshot:

MONTREAL — 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 says "customers are sitting on the fence" as they wait for stronger indications of where U.S. tariff targets will land, with shipping activity down in the meantime. Stop-and-go tariffs from U.S. President Donald Trump have left a confusing array of duties on imports to America, with Canada's auto, steel and...