Morning Minute | August 22, 2025

⁠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. Learn more about your ad choices. Visit megaphone.fm/adchoices