But Yang Ming said significant uncertainties continue to affect the global trade outlook, saying “key risk factors” include US tariff developments that could lead to inflationary pressures due to rising operational costs.
Executives from CSX and Norfolk Southern say that while the market is no longer as strongly pro-shipper as it was a year ago, conditions have yet to shift in favor of rail carriers.
Some analysts see green shoots that could signal higher US freight demand, but those encouraging signs remain fragile in an uncertain economy.