Domestic Market Updates –
Cargo theft: As cargo thefts continue to be on the rise, Overhaul (a company specializing in supply chain risk management) predicts the national cargo theft rates will rise by 22% this year. Freight hubs and large U.S. cities continue to show higher frequencies of cargo theft. Stay informed and continue to talk with your provider on ways to mitigate risk on your cargo.
Tariffs: Tariff talks continue as the tariffs on Mexico and Canada will move forward on March 4th, President Trump said during a February 24th news conference at the White House and reported on by Freightwaves. This comes after the President paused implementation for a month while Mexico and Canada addressed border security.
This is a fluid situation and things can change. We will continue to stay up to date on this and provide new updates when applicable. If you have any questions/concerns, please contact us.
Diesel update: The average price of diesel slightly increased 0.2 cents a gallon. Putting the average price of diesel at $3.697 – per the U.S. EIA.
Cross-Border Trade: For the second straight year, Mexico is the U.S. top trading partner, with a total of $840 billion, per U.S. Census Bureau data. Not far behind was Canada at $761 billion in 2024.
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