As tariff pauses, reinstatements, and upcoming policy changes loom, companies are working to mitigate financial impacts and ensure smooth logistics operations. In this month Robinson Roundup, industry experts Ryan Hammett and Mat Leo shared the latest insights on global transportation markets and actionable steps for businesses to navigate disruption.
North American Tariff landscape
- USMCA tariff pause: Relief in March for USMCA compliant goods from Canada and Mexico; non-USMCA goods face 10%-25% tariffs.
- Steel and aluminum tariffs: Effective since March 12, raising costs for manufacturers, especially in the auto sector.
- China trade tensions: 20% tariff on imports from China, with reciprocal U.S. export tariffs.
- More changes in April: Potential new tariff announcements could prompt further supply chain shifts.
Explore Trade and Tariff Insights for more information on customs and trade developments.
Freight market trends
- Truckload Spot Rates: Declining but expected to stabilize as capacity tightens and costs remain high.
- Carrier Pressures: 25% rise in truck operating costs over three years; many carriers exiting the market.
- Cross-border volatility: Demand swings due to tariff uncertainties cause temporary price surges. Mitigate border disruption and keep your freight moving with cross-border solutions.
- Ocean freight disruptions: Carrier alliances shifting, leading to blank sailings and port congestion.
Falling ocean rates: Weak March bookings influence carriers to lower prices; potential April rebound.
Actionable steps for businesses
- Consider diversifying suppliers: Reduce reliance on a single country or region for sourcing.
- Utilize Foreign Trade Zones (FTZs): Leverage FTZs to defer or reduce tariff costs.
- Optimize inventory management: Work closely with logistics providers to adjust stock levels based on policy shifts.
- Stay informed: Leverage analytical tools, webinars, the C.H. Robinson monthly freight market update, and expert consultations to keep up with evolving trade regulations.
With global trade dynamics shifting rapidly, staying ahead of the curve is critical. Be the first to know about the latest C.H. Robinson news, exclusive insights, and major announcements by subscribing to the global newsroom below.
