DeFi Daily News
Sunday, June 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

rewrite this title and make it good for SEOTariff deadline set off spike in cross-border trucking rates, data shows

Abhinav Parmar and Lisa Baertlein by Abhinav Parmar and Lisa Baertlein
March 6, 2025
in Business Finance
0 0
0
rewrite this title and make it good for SEOTariff deadline set off spike in cross-border trucking rates, data shows
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

By Abhinav Parmar and Lisa Baertlein

(Reuters) – Rates for cross-border trucking to and from the U.S. jumped in the lead up to President Donald Trump’s new tariffs on Canada and Mexico, as companies scrambled to accelerate shipments ahead of an expected increase in costs.

It marked a brief moment in the sun for the U.S. trucking industry after a down cycle that has now lasted for nearly three years, the longest and deepest since the global financial crisis. Weak demand and a surplus of trucks on the road were to blame for the low rates.

The 25% tariffs on imports from Mexico and Canada took effect on Tuesday, though some automakers received a one-month reprieve.

In the past two weeks, spot rates from U.S. to Canada for dry vans and refrigerated trucks and containers hit a two-year high, having risen 18% and 35%, respectively, since the November election, data from DAT freight & analytics showed.

Load volumes for dry vans on the Toronto to Chicago route surged 57% week-over-week before the tariff deadline.

“There’s clear evidence shippers north of the border were desperate to get loads into the U.S. before midnight on Monday this week,” said Dean Croke, principal analyst at DAT.

Rates will likely reverse once the new duties are imposed, Croke added. “Uncertainty in the manufacturing sector due to tariffs will most likely dampen demand even further and therefore reduce truckload volumes in the process.”

In the southern border city of Laredo, Texas, the volume of loads being moved by DAT’s carrier network increased 12% last week, suggesting companies made a last-ditch effort to get loads into the U.S. at the eleventh hour.

The refrigerated goods market saw volumes rise 35% on a weekly basis, driven by an increase in produce crossing into the McAllen freight market in Pharr Texas.

On a month-over-month basis, volumes and rates for dry vans moving from Mexico to U.S. were up 1.5% and 3.5%, respectively, a smaller jump compared with the Canadian border.

“Dry freight Mexican shippers did not appear to react the same way except for produce shippers,” Croke said.

However, experts expect the current volatility in rates to disappear and volumes to drop quickly as tariffs are imposed.

“It’s possible many shippers will be cautious about new orders the first few days after tariffs are implemented to gauge if the tariffs are temporary,” said C.H. Robinson’s Global Forwarding president, Mike Short.

Trucking and delivery firms such as J.B. Hunt and United Parcel Service are some of the U.S. firms exposed to tariff-related revenue downturns that will impact almost every transportation company in the country.

(Reporting by Abhinav Parmar in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Devika Syamnath)

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: crossborderdatadeadlineGoodratesrewriteSEOTariffSetshowsSpiketitletrucking
ShareTweetShare
Previous Post

Kiyosaki Blasts BITCOIN Sellers | White House Crypto Summit Reveals Attendees (Will BTC Hold $90K)

Next Post

rewrite this title Experts Predict Web3Bay’s 3BAY Token Will Hit $10 – The Best Crypto Presale to Buy Now!

Next Post
rewrite this title Experts Predict Web3Bay’s 3BAY Token Will Hit  – The Best Crypto Presale to Buy Now!

rewrite this title Experts Predict Web3Bay’s 3BAY Token Will Hit $10 – The Best Crypto Presale to Buy Now!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Configuring Web3j for Android Development

Configuring Web3j for Android Development

July 24, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
rewrite this title 5 AI Websites to Finish 100 Hours of Work in 10 Minutes

rewrite this title 5 AI Websites to Finish 100 Hours of Work in 10 Minutes

June 27, 2025
Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

July 25, 2024
rewrite this title All 20 Premier League clubs ranked by their 2024/25 wage bill

rewrite this title All 20 Premier League clubs ranked by their 2024/25 wage bill

February 8, 2025
rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

June 29, 2025
rewrite this title ARDC: 9% Yield On Fixed Income (NYSE:ARDC)

rewrite this title ARDC: 9% Yield On Fixed Income (NYSE:ARDC)

June 29, 2025
I Want My Money, Now!

I Want My Money, Now!

June 29, 2025
rewrite this title Topuria KO’s Oliveira cold, now 2-division champ

rewrite this title Topuria KO’s Oliveira cold, now 2-division champ

June 29, 2025
rewrite this title  Is XRP About to Lead the Next Altcoin Season?

rewrite this title  Is XRP About to Lead the Next Altcoin Season?

June 29, 2025
rewrite this title Stablecoins vs. CBDCs: Why Governments Are Picking Sides in the Future of Money

rewrite this title Stablecoins vs. CBDCs: Why Governments Are Picking Sides in the Future of Money

June 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.