New tariffs were announced on April 2, 2025, under the International Emergency Economic Powers Act (IEEPA) order, signaling a comprehensive overhaul of U.S. trade policy. These broad tariffs are expected to impact global trade patterns and the logistics industry.
Forward Air Corporation provided an estimate on April 9, 2025, stating that between 10% and 15% of its 2024 revenue would have been derived from shipments directly transported under its control from countries potentially impacted by these new tariffs. This quantification offers insight into the potential financial exposure.
The company noted its inability to estimate the tariff impact on shipments handled prior to being transported under its control, including those in its Intermodal segment. This regulatory action introduces uncertainty regarding freight demand and could adversely affect Forward Air's financial position, particularly for international shipments.
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