The data showed the deadline for definitions in truck -border truck transport rates.

Written by Abhinaf Parmar and Leza Perlene

(Reuters) – Truck -border truck transport rates to and from the United States have jumped in the period before President Donald Trump’s tariff in Canada and Mexico, where companies stood to accelerate shipments before the expected increase in costs.

This was a brief moment in the sun for the American truck transport industry after a bottom of the bottom that has now continued for nearly three years, which is the longest and deeper since the global financial crisis. The weak demand and surplus trucks on the road was responsible for low prices.

The tariffs were 25 % on imports from Mexico and Canada into effect on Tuesday, although some car manufacturers have received one month’s comfort.

In the past two weeks, immediate rates from the United States to Canada for dry trucks, refrigerated trucks and containers have reached the highest level in two years, increasing by 18 % and 35 %, respectively, since the November elections.

Loading sizes for dry trucks on the Toronto track to Chicago increased by 57 % a week before the date of the tariff.

“There is clear evidence from the north -border trucks that were desperate to obtain loads in the United States before midnight on Monday this week,” said Dean Crook, the lead analyst at DAT.

Crook added that the prices are likely to be reflected as soon as the new duties are imposed. “The uncertainty in the manufacturing sector due to the customs tariff is more likely to weaken the demand and thus reduce the sizes of truck loads in this process.”

In the southern city of Larido, Texas, the size of the loads that are transported by the DAT network increased by 12 % last week, indicating that companies have made recent efforts to enter the loads in the United States at eleven o’clock.

The refrigerated goods market saw that sizes rise by 35 % on a weekly basis, driven by an increase in the transit of products in the Mcallen Shipping Market in Pharr Texas.

On a monthly monthly basis, the sizes and prices of dry trucks that move from Mexico to the United States increased by 1.5 % and 3.5 %, respectively, a smaller jump compared to the Canadian border.

“Crook does not seem to be the Jafon Mexican trucks interacting in the same way, except for the production of two trucks,” said Crook.

However, experts expect the current prices to disappear and the storage units will decrease rapidly with the imposition of customs duties.

“It is possible that many trucks will be careful about new requests in the first few days after the implementation of the customs tariff for measuring if the definitions are temporary,” said Mike Short, President of Chopinson in Chopinson.

Transport and delivery companies such as JB Hunt and United Parcel Service are some American companies exposed to the revenue related to the tariff that will affect almost every transportation company in the country.

(Participated in the reports of Abnaf Parmar in Bengaluru and Leza Bayrin, Los Angeles, edited by Devika Siamnat)