XPO Stock And 2 Trade Logistics Picks for Higher Canada Tariffs

Up to 50% U.S. tariffs on about $20b of Canadian imports are reshaping trade routes and squeezing cross border margins, which puts logistics and import focused stocks under a fresh spotlight. Supply chains do not stand still. When costs and rules change, some companies face pressure while others pick up new business. This article walks through three U.S. listed trade logistics stocks exposed to this tariff story and explains why their positioning may be relevant to your portfolio analysis.

The stocks covered below are just a sample, and the full screen surfaced 17 more U.S. listed import and trade logistics companies with equally compelling tariff related narratives that are not included in this article. To identify and analyze the highest conviction tariff plays in this space, go straight to the U.S.-Listed Import and Trade-Logistics Firms Facing Higher Canada Tariff Flows screener.

XPO (XPO)

Overview: XPO is a freight transportation company that runs a large less than truckload, or LTL, network across North America and a sizeable trucking and logistics operation in Europe, which positions it directly in the flow of customs sensitive shipments between the U.S. and Canada. It focuses on day definite domestic and cross border freight moves for industrial and retail customers that need reliable delivery rather than full truckload capacity.

Operations: XPO generates about US$5.1b from its North American LTL segment and around US$3.5b from European Transportation, with revenue concentrated in the United States, France and the United Kingdom.

Market Cap: US$24.7b

Investors looking at tariff exposed trade routes should pay attention to XPO because its North American LTL network sits right in the flow of U.S. Canada traffic that could require more customs sensitive routing and mode shifts if 50% tariffs land on key categories. The company is leaning heavily on AI driven routing, pricing tools and a younger fleet to lift productivity and margins, which matters if freight volumes stay choppy. At the same time, XPO carries high debt and management has flagged that tariff impacts on demand are hard to read, so execution risk is real. The company aims to turn complex cross border moves into higher margin, premium services for investors with a longer time horizon.

AI driven routing and a younger fleet could be reshaping XPO’s tariff story faster than many investors assume, yet the real inflection point may hinge on what shows up in the 3 key rewards and 2 important warning signs

Build your own tariff lane shortlist around XPO

XPO and the two other logistics stocks in this article all surfaced from a single Simply Wall St screener, but the real opportunity is setting filters around your own tariff and trade thesis. Use our flexible Screener to mix metrics like valuation, balance sheet strength and risk flags, or jump straight into our curated Investing Ideas for ready made stock shortlists.

Heartland Express (HTLD)

Overview: Heartland Express is a truckload carrier that moves dry van and temperature controlled freight across the United States, Mexico and Canada. It is directly involved in cross border flows that could see more routing changes, paperwork and compliance work if U.S. tariffs on Canadian goods rise. Through brands like Heartland Express, Millis Transfer, Smith Transport and CFI, it serves large retailers, manufacturers and parcel carriers in areas such as consumer goods, food and automotive.

Operations: Heartland Express generates around US$736 million in revenue from trucking transportation services, almost all of it from customers in the United States.

Market Cap: US$989 million

Heartland Express provides exposure to Canada, U.S. and Mexico truckload corridors at a moment when tariffs and annual USMCA reviews are making cross border freight more complex, which can raise the value of reliable carriers. The company has moved from losses to profit in 2026, with Q2 net income of US$10.6 million and a modest dividend and buyback program that signals an ongoing focus on shareholder returns. At the same time, it still faces a history of weak profitability, reliance on external borrowing and mixed broker sentiment, so this is not a low risk story. The key issue for investors is whether improving earnings and tariff driven routing shifts can justify the current discount before sentiment fully adjusts.

Heartland Express has shifted from losses to profit, and that turnaround story is easy to underplay. To see the full picture of earnings quality, capital returns and tariff exposure, review the analysis report for Heartland Express

Schneider National (SNDR)

Overview: Schneider National is a large truckload, intermodal and logistics company that moves freight across the United States, Canada and Mexico, with services that range from long haul trucking to rail based container shipping and warehouse centric logistics. It also provides freight brokerage, import and export support and other value added services that can help shippers manage more complex cross border flows.

Operations: Schneider National generates most of its revenue from Truckload at about US$2.5b, followed by Logistics at about US$1.3b and Intermodal at about US$1.1b, with total revenue of about US$5.8b coming from the United States.

Market Cap: US$6.3b

Schneider National gives you direct exposure to the freight corridors that could see more paperwork, routing changes and demand for planning if U.S. tariffs on Canadian imports reach 50%. The company is leaning heavily on multimodal options, technology and cost control to support margins, and recent updates highlight stronger pricing and earnings even as past years showed earnings pressure and thin net margins. Forecasts point to faster profit growth, yet the P/E and reliance on external funding mean you are not buying a simple turnaround story. For investors who want tariff linked logistics exposure with both upside potential and real execution risk, Schneider National’s cross border footprint and recent earnings momentum deserve a closer look.

Schneider National’s cross border freight network and recent pricing momentum could be masking a very different earnings path than many investors assume. To see what current forecasts really imply for this tariff story, review the analyst forecasts for Schneider National

Seeking Fresh Alternatives Before Momentum Flies

New tariff-linked stories can move quickly. Some stocks are quietly building breakout momentum while they are still under the radar. Consider reviewing them before making any investment decisions.

• Spot resilient businesses that could participate in the next risk-off swing by scanning a curated 80 resilient stocks with low risk scores before that stability is fully reflected in market prices.
• Explore structural infrastructure momentum by checking a focused 40 power grid technology and infrastructure stocks while these grid upgrade beneficiaries are still outside much of the wider market’s attention.
• Evaluate real assets that may react when conditions shift by reviewing a hand picked 30 elite gold producer stocks while these producers remain less widely followed.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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