Commerce Express Weekly Road Map:
March 11th, 2025
Keeping you informed on the latest news/insights in our industry.
Cargo Theft: Carriers and Shippers Join Forces to Combat The Issue
Industry stakeholders recently spoke at Senate subcommittee hearing at the end of February to voice their concerns over the increasing concern of cargo theft (double brokering, load interception, etc), in hopes that more measures will roll out to take control over this issue.
As we discussed in our Road Map Newsletter at the end of January, cargo theft throughout the U.S. and Canada last year saw an uptick from 2023. Specifically 3,625 more reported incidents (a 27% bump), per CargoNet data.
During the hearing, industry representatives shared their concerns and stories of how cargo theft has impacted them, customers, and others in the supply chain industry. They also shared specific measures that they are hopeful Congress will consider and potentially implement, in order to improve this issue.
As a freight broker, the Commerce Express team works closely with their shipper-customers and transportation partners to ensure complete visibility for all parties.
[Relevant content: How to Prevent Fictitious Pickups, Cargo Theft].
Commerce Blog
The complex operations that weave the transportation industry together create an even more complex glossary of industry terms and jargon.
Take “co-brokering” and “double brokering”. At first glance, one may assume they are used interchangeably, however the reality is quite the opposite. One is a widely used, potentially advantageous, practice, while the other is a complete risk marred with fraudulence.
The following is a look at co-brokering versus double brokering as supply chain practices.
Diesel update: The average price of diesel decreased 5.3 cents a gallon. Putting the average price of diesel at $3.582, 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 and Aluminum: The President has announced his intention for new tariffs on steel and aluminum, set to go into effect Wednesday, March 12th at 12:01am (EST).
Regulatory: A new FMCSA (Federal Motor Carrier Safety Administration) administrator has been announced, Adrienne Camire, a former chief counsel at FMCSA during Trump’s first administration.
Class 8 trucks: Preliminary data from ACT Research shows North America Class 8 net orders (new orders minus cancellations) in February were down 34% year-over-year, 18,300 units.
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