Stifel predicts limited impact on North American logistics from Trump's trade tariffs, favoring domestic freight providers.

From Investing.com: 2025-01-12 20:26:55

Stifel analysts predict limited impact on North American logistics and freight firms from Trump’s trade tariffs. Eastbound and trans-pacific companies may face risks due to heightened trade scrutiny on Asian economies. Trump plans to impose tariffs from day one, leading to higher shipping costs. China’s economy is likely to suffer, but tariffs on Canada and Mexico may not stick. Domestic freight providers are favored over those with exposure to China and the East.

Stifel sees a favorable outlook for GXO Logistics Inc after a weak 2025. FedEx and UPS face increased risk with international exposure. Nearshoring may offset cost increases, benefiting companies like UPS and CSX Corporation. Stifel has Buy ratings on GXO, UPS, and CSX.



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