Shares of trucking business are trading greater on Monday after President Donald Trump published on social networks that, since Nov. 1, imported medium- and sturdy trucks going into the U.S. will undergo a 25% tariff.
What To Know: Trump published on social networks that “Starting November 1st, 2025, all Medium and Sturdy Trucks entering the United States from other Nations will be Tariffed at the Rate of 25%.”
According to Bloomberg, the statement follows a Commerce Department probe introduced in April into foreign-made heavy trucks and parts, mentioning nationwide security issues and “predatory trade practices” amongst a little group of abroad providers. The tariff proposition was initially set to work Oct. 1 however was postponed in the middle of lobbying from Detroit car manufacturers.
Shares of J.B. Hunt Transportation Providers, Inc. (NASDAQ: JBHT), Old Rule Freight Line, Inc. ( NASDAQ: ODFL), Schneider National, Inc. (NYSE: SNDR) and XPO Inc. (NYSE: XPO) are all growing today.
Rate Actions: At market close on Monday, J.B. Hunt shares traded 2.70% greater at $141.67, Old Rule shares traded 1.05% greater at $142.82, Schneider shares are trading 1.43% greater at $22.054 and XPO shares are trading 3.85% greater at $133.45, according to information from Benzinga Pro.
See Likewise:
• Newegg Shares Are Moving Greater Monday: What’s Happening?
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