Steve Gelsi of MarketWatch reports that Expeditors International has warned of uncertainty in the cargo transport industry due to shifting tariffs and geopolitical tensions, with signs of declining U.S.-China shipping volumes. Despite a 20% increase in first-quarter profits, the company’s stock fell 4.2%. CEO Daniel R. Wall cited concerns about the impact of fluctuating tariffs and shifting supply chains on shipping demand, with some volumes moving to other routes to avoid higher tariffs. Gelsi writes:
Shipping specialist Expeditors International of Washington Inc. said Tuesday the outlook for the cargo transport business is uncertain due to unresolved tariff negotiations. But the company is already seeing signs of reduced activity between the U.S. and China.
“I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days,” Expeditors Chief Executive Daniel R. Wall said. “We believe that uncertainty is likely to continue for some time, with possibly significant impacts to our industry.” […]
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