freight industry

Proposed Trump tax cuts expected to be a boon for freight

With at least three Senate seats flipped from Democrat to Republican — giving Republicans a two-seat majority — Trump will attempt to exert influence on Congress as lawmakers grapple with major tax reforms in 2025.

Trump supports lowering the corporate tax rate from its current 21% — which was lowered from 35% in 2017 during his first administration through the Tax Cuts and Jobs Act — to as low as 15% for companies that make their products in the U.S.

Loren Smith, president of the strategic...

https://www.freightwaves.com/news/proposed-trump-tax-cuts-expected-to-be-a-boon-for-freight

What does current consumer sentiment mean for the freight industry?

Robust freight cycle hums along

The last two years have proven to be unusually volatile, even for the roller-coaster-ready logistics industry. While the need for essentials soared, demand was depressed across most sectors during the height of the pandemic. As states reopened and vaccines became available, consumers ventured out more and widespread economic recovery bloomed across the nation. 

This continuing economic resurgence – combined with the ongoing driver shortage, equipment shortage and long lead times on new truck...

https://www.freightwaves.com/news/what-does-current-consumer-sentiment-mean-for-the-freight-industry

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