Commerce Express Weekly Road Map:
March 18th, 2025
Keeping you informed on the latest news/insights in our industry.
U.S. EPA Announces Regulatory Rollbacks
Last week, U.S. Environmental Protection Agency Administrator, Lee Zeldin announced measures to deregulate a variety of regulations.
The actions in their deregulatory plan include rolling back rules that impact greenhouse gas emissions by heavy-duty trucks, as well as reconsidering model year 2027 and later on the light-duty and medium-duty vehicle regulation, per the U.S. EPA. Plus, actions in the Clean Trucks Plan.
Some trucking associations and others of the like have applauded the actions from the EPA.
In a U.S. EPA press release, President and CEO of American Trucking Associations Chris Spear said the rule, “has been an albatross for the trucking industry, threatening to reduce equipment availability, increase costs for businesses and consumers, and cause major supply chain disruptions. It’s critically important that the federal government set realistic standards with achievable targets and timelines.”
Commerce Blog
Is the service definition behind domestic (non-intermodal) transportation simply by way of truck?
Technically speaking, yes. Truckload is the dominant mode of transport in the industry, with thousands of fleets dispatched every hour. However, the process of hauling loads is not as simple as cramming cargoes into a van trailer and sending them off to their destination.
In the realm of trucking, there exists distinct service options that trucking companies offer and shippers can choose from akin to their unique service requirements.
Diesel update: The average price of diesel decreased again, this time by 3.3 cents a gallon. Putting the average price of diesel at $3.549, per the U.S. EIA.
Tariffs:
Canada and Mexico: President Trump has delayed the 25% tariffs on imports (including automotive products) from Mexico and Canada until April 2nd, per Executive Orders.
During this one-month delay, importers will not be required to pay tariffs on imports from either Mexico and/or Canada, that adhere to the U.S. – Mexico – Canada Agreement. Per NBC News, that’s about 50% from Mexico and 38% of goods from Canada.
Steel/Aluminum: New tariffs on steel and aluminum went into effect March 12th at 12:01am EST.
Cross-Border Trade: In January, U.S. trade with Mexico and Canada saw growth. Per U.S. Census Bureau data, Mexico took the top spot as a U.S. trade partner, seeing total trade hit $69.6 billion. Canada followed closely by with total trade hitting $64.8 billion.
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