US customs regulations for low-value imports – known as de minimis rules – which took effect in August, have not yet caused a major earnings hit, the company said.
But these have begun to affect shipping volumes, Meyer noted: “Those (smaller) goods now become significantly more expensive for the US consumer. That triggers certain elasticity, so less volume is being shipped.”
The CEO said that the company’s ability to adapt quickly – by adjusting capacity and using technology to handle customs processes in response to tariffs – was key to maintaining service levels.
