S&P Global Market Intelligence analysis indicates that the new round of tariffs will lead to a decline in US import and export trade volume and push up consumer prices. Industries such as clothing, toys, and mobile phones will be the most affected. Companies need to adjust their pricing strategies, and consumers may face inflation. The trade war has far-reaching effects, and the global economy will be impacted.
The American Trucking Associations forecasts that truck freight tonnage will reach nearly 14 million tons by 2035, accounting for 76.8% of the freight market share. The report reveals the growth trends of the US freight market over the next decade, emphasizing the central role of trucking in the supply chain. It also analyzes the challenges and opportunities facing the industry, highlighting the continued dominance of trucking despite potential disruptions and the need for infrastructure improvements to support future growth.
The American Trucking Associations forecasts that truck freight volume will reach 13.99 billion tons by 2035, capturing 76.8% of the freight market share, with significant revenue growth. The report emphasizes the central role of trucking in the supply chain and provides crucial strategic insights for industry leaders and policymakers. This forecast highlights the continued dominance of trucking in the US freight landscape and underscores its importance to the national economy.
The American Trucking Associations (ATA) forecasts that trucking will continue to dominate the freight market in the US, projecting freight tonnage to approach 14 million tons by 2035. The report indicates trucking's dominance in both tonnage and revenue, predicting a stable market share over the next decade. While trucking retains its lead, other transportation modes, such as rail and air freight, are also expected to experience varying degrees of growth. The forecast highlights the continued importance of trucking to the overall freight landscape.
The American Trucking Associations' (ATA) 'Freight Transportation Forecast 2024-2035' predicts that trucking will continue to dominate the freight market, projecting nearly 14 billion tons of freight and $1.46 trillion in revenue by 2035. The report highlights key trends including technological innovation, sustainability, talent shortages, and digital transformation. It also emphasizes the crucial role of trucking within the supply chain and its continued significance in the American economy.
The National Electrical Manufacturers Association (NEMA) is urging stronger enforcement of the United States-Mexico-Canada Agreement (USMCA) to address surging electricity demand and increased global competition. NEMA emphasizes USMCA's crucial role in securing North American electricity supply chains and promoting U.S. manufacturing. They are urging the USTR to swiftly complete the review and update of USMCA, eliminating trade barriers and combating fraudulent practices. Strengthening USMCA is vital for ensuring a level playing field and fostering economic growth within the region's electrical manufacturing sector.
The potential return of Trump and a renewed US withdrawal from the Paris Agreement poses several challenges for businesses. These include policy uncertainty, supply chain sustainability pressure, the need for technological innovation and green transition, and increased scrutiny of corporate social responsibility and brand image. To address these challenges and capitalize on green transition opportunities, companies should develop scenario planning, diversify investments, strengthen supply chain assessment and collaboration, increase investment in environmental technology R&D, define a clear CSR strategy, and actively participate in public welfare activities.
Trump's potential return to the White House and subsequent re-withdrawal from the Paris Agreement has raised concerns in the business and environmental communities. Despite the challenges to international cooperation, corporate focus on climate change and efforts towards supply chain sustainability persist. The future trajectory remains uncertain, highlighting the tension between political shifts and ongoing corporate initiatives to address climate change risks and promote environmentally responsible practices within their supply chains. The commitment of businesses to sustainability will be crucial in navigating this complex landscape.
National Tree Company CEO Chris Butler shared strategies for navigating tariffs, supply chain uncertainties, seasonal demand fluctuations, and sourcing challenges. These include optimizing the supply chain, diversifying suppliers to mitigate risks, implementing accurate market forecasting to anticipate demand, and maintaining strict quality control measures throughout the production process. By proactively addressing these issues, the company aims to ensure consistent product availability and minimize disruptions, ultimately maintaining customer satisfaction and profitability despite external pressures.
An AlixPartners report reveals a significant decline in freight and transportation M&A activity, impacted by tariffs, interest rates, and market structure shifts. All sectors are affected, with port infrastructure showing relative resilience. Companies should focus on M&A themes like market consolidation and geographic expansion, leveraging low valuations to capitalize on reshoring and nearshoring opportunities. Uncertainty remains the biggest hurdle, requiring close monitoring of Federal Reserve policy, tariffs, and trade flow changes. Companies should bide their time, carefully planning and preparing for future opportunities amidst market volatility.
