Why Transportation Stocks Are Falling Today
A comprehensive overhaul of U.S. trade policy, including the introduction of broad tariffs on most of the world, is roiling markets on Thursday. Among the hardest-hit sectors are transportation companies, including Union Pacific (NYSE: UNP), Forward Air (NASDAQ: FWRD), and Zim Integrated Shipping Services (NYSE: ZIM), all losing ground.Forward and Zim, two stocks known for their volatility, are both down more than 14% as of 11 a.m. ET, while the more docile Union Pacific is off by 4%.The tariff announcement was expected, but the extent of the levies caught the market off guard. Assuming they remain in place, the tariffs appear designed to shift manufacturing from overseas locations to the United States. That could fundamentally impact the businesses of global shippers, including Zim and international logistics specialist Forward.Continue reading
A comprehensive overhaul of U.S. trade policy, including the introduction of broad tariffs on most of the world, is roiling markets on Thursday. Among the hardest-hit sectors are transportation companies, including Union Pacific (NYSE: UNP), Forward Air (NASDAQ: FWRD), and Zim Integrated Shipping Services (NYSE: ZIM), all losing ground.
Forward and Zim, two stocks known for their volatility, are both down more than 14% as of 11 a.m. ET, while the more docile Union Pacific is off by 4%.
The tariff announcement was expected, but the extent of the levies caught the market off guard. Assuming they remain in place, the tariffs appear designed to shift manufacturing from overseas locations to the United States. That could fundamentally impact the businesses of global shippers, including Zim and international logistics specialist Forward.
