Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the imposition of tariffs in this quarter but not in 2024.
Our earnings growth and strong free cash flow generation in the face of tariff-related cost pressures and significant productivity investments underscore the differentiated quality of our earnings and business models.
we expect margin compression from the increased low-cost competition impacts to market from policy uncertainty, and the cost of tariffs.
International freight continues to be impacted by global trade policies, which caused previous front-loading, a dislocation of shipments, and a more pronounced decline in demand after the Q3 peak season.
The operating profit decline was driven by lower volumes, unfavorable price tariff headwinds, and mix.
Project-related spending was weak in 2025 driven by uncertainties related to tariffs.
Importantly, we ended last year with tariff and emissions clarity.
We saw Collins, I'll call it, organic margins at 17.1%, which was really, really nice to see. Obviously, we're still living with the tariff situation.
Although the freight recession persisted throughout 2025, DAT is continuing its evolution from a traditional load board into a more automated market where brokers and carriers can match loads with greater trust efficiency and increasingly transact with the platform.
the tariff strikes the right balance by providing hyperscalers with speed to market at a competitive price while just as importantly protecting our existing customers from bearing infrastructure build-out costs needed to support hyperscalers.