Tariffs

Greenwich, Conn.-based global contract logistics services provider GXO Logistics Inc. reported a company record for quarterly revenue, in its third quarter earnings announcement earlier this week. Revenue, at $3.4 billion, saw an 8% annual gain, with organic revenue up 4%, and net income, at $60 million, rose 42% annually. Adjusted earnings per share, at $0.79, was flat, topping Wall Street expectations, at $0.77.

For 2025, NRF said it is calling for total holiday season spending to come increase between 3.7%-to-4.2% annually, coming in between $1.01 trillion-to-$1.02 trillion. In 2024, holiday sales saw a 4.3% annual gain, to $976.1 billion.

FTR reported that preliminary October Class 8 truck net orders, at 24,300 units, saw an 18% gain, from September to October, while falling 22% annually. ACT reported that Preliminary Class 8 orders came in at 24,500 units in October, for a 21% annual decline,

Industry consultant says these tariffs will create winners and losers in today’s trucking industry.

The report’s benchmark reading, the PMI, at 48.7 (a reading of 50 or higher indicates growth), was off 0.4% compared to September, contracting, at a faster rate, for the eighth consecutive month, with the overall economy growing, at a slower rate, for the 66th consecutive month.

With expedited review underway, businesses brace for possible refunds, new trade measures, and prolonged market volatility.

Tariffs, trade restrictions, and new export-control rules made 2025 one of the most complex years in global logistics, forcing shippers to rethink sourcing, compliance, and cost structures. As 2026 approaches, experts urge companies to invest in people, processes, and technology to strengthen compliance programs, automate trade management, and stay resilient amid ongoing regulatory uncertainty.

The United States and China appear to have found at least some common ground on a few different issues, during this week’s meeting between President Donald Trump and President of the People’s Republic of China Xi Jinping, at the APEC meeting in South Korea.

The Federal Reserve said yesterday that it lowered the target rate, for the federal funds rate, which comes from its Federal Open Market Committee (FOMC) for the second consecutive month, dropping it by 0.25%, to 3.75%-to-4.0%, its lowest rate level since 2022.

DHL Global Forwarding, a subsidiary of global logistics and express delivery provider Deutsche Post DHL focused on air and ocean freight, announced it has rolled out a new consolidated clearance service, which it said is geared towards U.S. imports to support retailers as they deal with trade shifts and tariff complexity.

Quarterly consolidated revenue, at $21.4 billion, fell 3.7% annually, and basic earnings per share, at $1.74 (topped Wall Street estimates of $1.29), fell $0.24, or 13.4%, annually. Total operating profit, at $1.8 billion, was off 9.1% annually. 

Following a social media message issued by President Trump late last week, which said that the United States would halt trade talks with its second-largest trading partner, Canada, another social media post by Trump indicated that the U.S. plans to raise tariffs on Canada by 10%.

Any signs of progress being made on the trade front between the United States and its second-largest trade partner, Canada, appear to be squelched, based on a social media post issued by President Trump last night.

LM Group News Editor Jeff Berman recently interviewed Chris Butler, CEO, at Cranford, N.J.-based National Tree Company. Butler provided Berman with an overview of how National Tree is handling tariff policy, supply chain uncertainty, seasonal issues, and sourcing, among other topics.

Prior to the White House’s proclamation being issued, Dan Moyer, senior analyst, commercial vehicles, at freight transportation consultancy FTR, said that this development had rattled fleets, OEMs, and suppliers coping with weak demand, rising costs, and fragile supply chains.