‘We’re headed in the wrong direction’: Tariffs drive up prices, hurt output: PMI; 3M expects up to $850M tariff hit; Canada Post, union resume talks as contract expiration looms; Saks Global to close fulfillment center, cut 450 jobs
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Major shippers are frontloading inventory and considering price hikes, while smaller businesses are prioritizing sourcing diversification, UPS CEO Carol Tomé said.
Manufacturers pulled back on production last month as the Trump administration's volatile trade policy caused consumer confusion and a drop in demand, per the Institute for Supply Management.
The luxury department store joins Kohl’s in being particularly vulnerable to tariffs’ impact on consumer spending, according to Moody’s Ratings analysts.
Shifting rates, economic uncertainty and labor negotiations across transportation modes present new challenges for logistics managers. Learn more in this Trendline.
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