Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We acknowledge the potential for a slowing in the economy, and are attuned to downside risks and uncertainty.
We saw a continuation of utilization increase largely in sort of our asset-backed areas and some middle market.
Some customers have pulled freight forward, some continue to execute demand-driven strategies, and others are making changes to their country of origin and manufacturing plans.
Other than some specific client traffic issues, with them being more impacted by proposed tariffs than not, in general, I don't think the environment's changed all that much since the last time we spoke.
We're starting to see increases in cost of goods moving ahead, and we've got a very rigorous process of first and foremost quite frankly, just pushing back.
people are obviously getting some time to adjust. And we're watching it very closely.
We expect to see goods prices to start picking up over the summer, as tariffs take effect.
Many have found ways to avoid passing the ten percent tariffs onto their customers.
Trade policy continues to create some caution.
We will take just inflation justified pricing on those businesses to maximize that cash and help maintain help claw back some of the gross margin that we're investing on the other pieces of the business.