Trump’s administration has placed an immediate pause on new commercial truck driver work visas. Secretary of State Marco Rubio cited concerns that the increasing number of foreign drivers endangers American lives and undercuts American truckers' livelihoods, a decision that followed a fatal semi-truck crash in Florida and is supported by the ATA.

A framework agreement was announced on Thursday to boost transatlantic economic ties and resolve trade imbalances. Under this deal, the EU will eliminate tariffs on all U.S. industrial goods and grant preferential market access for various American agricultural products, while the U.S. commits to applying a maximum 15% tariff rate on most EU goods.

Furthermore, FedEx is turning its attention to Europe, sending specialists from its U.S. ground, parcel, and freight units to streamline operations and improve efficiency, particularly in route planning and package efficiency. This initiative is a major part of FedEx's plan to cut an additional $1 billion in structural costs this fiscal year, building on the $4 billion already eliminated in the past two years.

Finally, stay updated with FreightWaves TV, featuring new episodes of WHAT THE TRUCK?!? with Thomas Wasson and Running on Ice with Mary O'Connell airing today. Don't forget to register for the upcoming F3: Future of Freight Festival on October 21st and 22nd, and use the code MORNINGMINUTEF325 to receive a $900 discount on your ticket.

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