Gene Seroka: ‘Not Really’ — Lunar New Year Slowdown Masks Immediate Impact of Tariff Uncertainty

RUSH EXCERPT:

SEROKA: “Not really. And for a couple reasons. It‘s not so much of a transactional business, but the folks on the ground are really running fast trying to do these evaluations to a t and make some decisions upcoming. Second it‘s the middle of the lunar new year holiday in Asia, so there‘s not much happening right now most of the factories are closed down for about a week. Family and friends have gathered. Folks have gone back to their hometowns, but there is communication happening. And if there‘s extra product to be brought in we‘ll likely see that after the return from the holiday which is traditionally our slower season. So it may just add a little more cargo unexpectedly, but nothing that‘s going to really impact”