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 analysts on a conference call. “We can’t touch that. Maybe later on, we’ll see down the road once we have better clarity. This is why our M&A in 2025 … is going to be minimal.” Meanwhile, “customers are sitting on the fence” as they wait…