Impact of Steel Tariffs on Trucking
Worried about the pending Steel/Metals Tariffs? Don’t be, WBT has your capacity needs covered. Yes, we expect volumes to increase at U.S. based companies but hiring a trusted, vetted company with over 114 years of experience is the right thing to do.
The recently announced 25% tariffs on steel imports by President Trump are expected to significantly impact your industry's costs in several ways:
Increased costs: The tariffs will likely drive up the prices of steel, a key material in manufacturing.
Potential supply chain disruptions: If the tariffs lead to shifts in supply chain strategies, trucking companies may need to adjust their routes and operations, often at a higher cost. WBT will work with you to keep costs in line.
Increased demand: Higher steel prices could lead to increased costs across various industries, but also shift volumes from the port cities to inland businesses potentially increasing overall shipping volumes. This increase in freight could negatively impact your company’s revenue as rates will rise.
Long-term planning challenges: The uncertainty created by these tariffs may make it difficult for companies to plan for the future, potentially affecting their ability to make strategic investments or expand their operations.
It's important to note that while these cost increases are expected, the full impact may not be immediate. Some experts suggest that the effects could be felt as soon as the second quarter of 2025, as companies adjust their supply chain strategies in response to the tariffs.
WBT has the capacity to offer to your company to ensure that your business interruption is minimal. It is why we don’t do business with everyone. We do business with companies looking to partner with experts who follow a process to exceed your expectations and give you an advantage over your competitors.
West Bend Transit (WBT) is here to help you have a successful 2025. Visit us at www.westbendtransit.com or call Mike Matz, Director of Sales & Operations, today at 262-339-4701, or email here.
Mike Matz
Director of Sales & Operations
West Bend Transit and Service Co.