With tariffs continuing to cause havoc along trucking supply chains, shippers and carriers are adjusting their strategies to save costs from current and potential future duties.
Carriers such as Paccar, Schneider National and J.B. Hunt in recent earnings calls noted changes in shipper behavior in response to tariff uncertainty.
“As part of this scenario planning process, some customers are considering ways to alter supply chain freight flows and/or their country of origin sourcing, but these changes will be part of a much longer decision process,” Spencer Frazier, EVP of sales and marketing at J.B. Hunt, said on a Q1 earnings call on April 15.
TFI International, on the other hand, has made changes to its own merger and acquisitions guidance, noting it would avoid “anything of size” in 2025, TFI CEO Alain Bédard said during the company’s Q1 earnings call on April 24.
“We had to walk away from a transaction that was a great transaction for both parties, the seller and us, and we had to walk away because of all this environment,” Bédard said. “Because of all this uncertainty, we said, ‘no, forget about it.’”
In these same Q1 earnings calls, several trucking executives outlined their outlook on tariffs and how they’re handling shipper concerns. We’ve rounded up our coverage on the topic in case you missed it.
