U.S. election uncertainty making 'very difficult' freight market worse, TFI CEO says
BNN Bloomberg
The head of Canada's biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight.
Uncertainty over the outcome of the political contest this fall means some customers are holding off on shipments until the result becomes clear, Alain Bédard, chairman and CEO of TFI International Inc., said Friday.
On a conference call with analysts, Bédard gave the example of a green energy company spun off from General Electric, claiming GE Vernova's wind turbine business could suffer depending on who wins after ballots are cast on Nov. 5.
"If it's candidate one, he's against windmills, so that business is going to fall. If you take the No. 2 guy, well he likes windmills, he's more green. So that's why we have these kinds of customers just sitting on the fence not knowing where the ball is going to drop — left or right,” Bédard said.
