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Volvo Group profit slumped 29% year over year in the first quarter of 2025 as uncertainty around tariffs and the impact on global trade hurt truck demand in North America and Europe.

President Donald Trump allayed fears that he plans to fire Fed Chair Jerome Powell and signaled he would be "very nice" to China in trade talks.

President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.

But in a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent also cautioned that talks between the United States and China had yet to formally start.

The dominant North American oil field services provider told investors April 22 on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter.

The U.S. freight market slowed in March after a robust February, but data for Q1 of 2025 as a whole suggested a turnaround was underway, according to American Trucking Associations.

Rather than pulling back in the face of U.S. tariff threats, major logistics and shipping players like DHL, Echo Global and CPKC are doubling down on Mexico. 

Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her U.S. counterpart Donald Trump after the two spoke last week about lifting U.S. tariffs.

Ford has adjusted shipments to China from the United States as a result of retaliatory tariffs, the automaker confirmed.

The Germany-based logistics company DHL will no longer deliver parcels worth more than $800 to private individuals in North America with immediate effect.