Weekender: TFI walks away from M&A deal due to tariff uncertainty

Weekender

May 3, 2025 | A roundup of this week’s most read stories

TFI walks away from M&A deal due to tariff uncertainty

While the freight conglomerate closed two small deals in Q1, acquisitions this year will be “minimal,” CEO Alain Bédard said.

Trump pushes to enforce English proficiency in trucking

In an executive order, the president directed federal officials to make lack of language proficiency an out-of-service violation after years of uneven enforcement.

Saia sees revenue growth from newer markets

While the carrier benefited from ramping markets, they're relatively less profitable compared to the legacy markets, the CEO said.

4 issues plaguing the trucking industry

Stakeholders shared their viewpoints on vehicle safety and the driver shortage during a congressional hearing.

Universal Logistics revenues fall amid 31% drop in trucking volumes

CEO Tim Phillips said slowed automotive production in January contributed to a “sluggish” freight environment in Q1.

Best of What We're Reading

Reuters

US House votes to rescind approval for California heavy-duty truck rules

FleetOwner

Diesel, gas prices continue to drop ahead of summer travel

Commercial Carrier Journal

Premier Bulk Systems Acquires Longhorn Transportation

Truck News

McKinsey says TCO gap between EVs, diesel trucks can be reduced

FreightWaves

Report finds repeal of truck tax would mean fewer crashes

Overdrive

Trump admin reviewing non-domiciled CDLs for foreign drivers

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