State of Freight for July: ‘Bullish’ market coming for freight economy

FreightWaves’ Fuller and Strickland say another Trump presidency could mean more tariffs on China

FreightWaves’ Zach Strickland and Craig Fuller said on the July State of Freight webinar they see reasons for optimism about the freight market in the second half of 2024. (Photo: FreightWaves)

FreightWaves’ State of Freight webinar for July offered a wide ranging discussion on everything from trucking bankruptcies, a surge in West Coast imports, to what a second Trump presidency could mean for the supply chain.

Craig Fuller, FreightWaves CEO and founder, said, “For many people, the presidential race is in many Americans' minds, looking more and more like Donald Trump. And if you’re running a supply chain, you’re already thinking about what a Trump economy looks like.” 

Here are five takeaways from the webinar:

Logistics operators should be considering how a 2nd Trump presidency could affect supply chains

If former president Donald Trump wins in November, his second term in office could mean tax cuts, increased import tariffs and accelerated depreciation for companies, Fuller said.

“There were a lot of people waiting to see what happened in November, because we largely believed it was gonna be a tight, contested race. It no longer appears that way,” Fuller said.

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    Noi Mahoney

    Noi Mahoney is a Texas-based journalist who covers cross-border trade, logistics and supply chains for FreightWaves. He graduated from the University of Texas at Austin with a degree in English in 1998. Mahoney has more than 20 years experience as a journalist, working for newspapers in Maryland and Texas. Contact nmahoney@freightwaves.com