(513) 858-6040
Secure File Upload
Pay
Client Center
Looming Tariff Threat Has Trucking Industry Anticipating a Difficult Road Ahead
Kirsch CPA Group
Mar 26, 2025
Many transportation industry business owners who are scrambling for ways to fortify their businesses have few options for minimizing the impact of across-the-board-tariffs. Industry leaders have warned that small and midsize trucking businesses are likely to bear the worst of such tariffs when and if they are implemented.
Tariffs will impose higher costs and shrinking margins on an industry already grappling with logistical challenges and steep operational costs, and the uncertainty of on-again, off-again tariff policy complicates the effort to identify strategies for mitigating the damage.
Financial Reporting that Shines a Light on Opportunities
While the turmoil over tariffs may be extraordinary, the best practices for shoring up your business against the threat of financial hardship is the same in any kind of market: reliable, up-to-date financial reporting that provides transparency into the true health and profitability of your business.
Uncertainty around trade policy can be a hindrance – uncertainty around your numbers is a business killer. You don’t have to be able to predict the future to achieve business resiliency. You just have to be able to see where you are going.
6 Best Practices for Tariff-Proofing Your Transportation Business
When it comes to tariff-proofing your transportation business, you can’t go wrong with these tools for improving financial visibility and resilience:
1. Profitability assessment and identification of opportunities for improved pricing strategies and profit improvement
2. Revenue target and KPI tracking, including profits per mile, deadhead miles, etc.
3. Cash cycle optimization to improve liquidity and cash flow
4. Clear visibility into customer mix to ensure balance and profitability
5. Reliable budgeting, forecasting, and cash flow analysis to manage long payment terms, seasonal fluctuations, and capital expenditures
6. Seamless integration of accounting system and ERP to eliminate double entry and prevent discrepancies
The Right Partner for Transportation Business Growth and Resiliency
Partnering with Kirsch CPA group ensures that you have the answers and support you need to steer your transportation business through whatever the market brings.
A piecemeal approach to the health of your business can leave you with overlooked opportunities for profitability and growth. Our holistic accounting, business advisory, and strategic tax planning services are built around a thorough understanding of your goals, your numbers, and your financial position.
Let your competitors stress over trade policy. With Kirsch CPA group as your partner, you can focus on driving your business forward with strategies within your control.
To take advantage of our decades of logistics and transportation industry accounting and financial experience, contact a member of our team.
Contact us to learn more about accounting advisory services
© Copyright 2025. All rights reserved.
More Resources
About The Author
Kirsch CPA Group is a full service CPA and business advisory firm helping businesses and organizations with accounting,…
Sign Up for Email Updates
Tags
Accounting & Financial News
Looming Tariff Threat Has Trucking Industry Anticipating a Difficult Road Ahead
Many transportation industry business owners who are scrambling for ways to fortify their businesses have few options for minimizing the…
Maximize the Ohio Scholarship Granting Organizations (SGOs) Tax Credit
Scholarship Granting Organizations (SGOs) provide need-based scholarships to students attending private schools. In Ohio, taxpayers who donate to SGOs may…
FinCEN Interim Final Rule Significantly Reduces BOI Reporting Requirements
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced significant updates to Beneficial Ownership Information (BOI) reporting requirements…
