UPS Stock And 2 Logistics Shares Retail Investors Are Watching After Trade Talks Stalled

Trade talks between the U.S. and Canada have stalled again, and that keeps cross border tariffs and rules in the spotlight for logistics and freight stocks. When trade routes become less predictable, the companies that help goods move, clear customs and reroute shipments can draw fresh attention from investors who do not want to miss a potential reshuffle of winners. This article walks through three stocks from our North American logistics and customs-services screener that appear closely exposed to the latest U.S. Canada trade shock and explains what that could mean for your watchlist.

The three logistics stocks in this article are only a starting sample from a much wider field, and the full screen surfaced 29 more North American trucking, rail, intermodal and customs-focused companies with equally compelling narratives that are not covered below. If you want to identify your own highest-conviction ideas in this space, head straight into the North American logistics, freight and customs-service providers screener to filter, analyze and focus on the opportunities that best fit your approach.

Mullen Group (TSX:MTL)

Mullen Group is a Canadian trucking and logistics company that fits tightly with the U.S. Canada trade theme, moving freight across borders and coordinating more complex routes when tariffs and customs rules change. It generates most of its revenue from Logistics & Warehousing at about CA$836 million and Less-Than-Truckload at about CA$784 million, with additional contributions from Specialized & Industrial Services at about CA$410 million and U.S. & International Logistics at about CA$232 million. With a market cap of roughly CA$2.5b, it is large enough to matter for cross border supply chains but still small enough that business mix and capital decisions can move the needle for shareholders.

Investors looking at U.S. Canada trade friction may find Mullen Group interesting because it already earns a large share of its CA$2.3b revenue from less than truckload and asset light logistics work that can become more valuable as freight flows are rerouted and made more complex. The company has been building out warehousing, e commerce fulfillment and technology platforms like SilverExpress, which can deepen customer relationships and support margins if cross border clients demand more end to end coordination. At the same time, higher debt levels, exposure to cyclical industrial projects and ongoing tariff risk in Canada create real downside if freight softens. That mix of potential upside from trade complexity and balance sheet and demand risk is one reason this stock may warrant a closer look for investors who want to understand what analysts think still is not fully priced in.

Mullen Group’s expanding warehousing and asset light logistics story can appear to balance risk and reward when cross border rules shift. Get the full picture inside the 3 key rewards and 2 important warning signs

Build your own cross border logistics shortlist

Mullen Group and the other two stocks in this article all came out of the same Simply Wall St screener, but the real edge is in shaping your own filters around themes like cross border logistics, balance sheet strength and dividend income. Use our flexible Screener to set those rules for yourself, or jump straight into our curated Investing Ideas if you prefer ready made shortlists.

Canadian Pacific Kansas City (TSX:CP)

Canadian Pacific Kansas City operates a unified freight rail network across Canada, the U.S. and Mexico, putting it directly in the flow of cross border freight that can be rerouted and repriced as U.S. Canada trade rules change. The company earns virtually all of its CA$15.4b revenue from Rail Transportation, moving grain, potash, energy products, autos and intermodal containers between major business centers. With a market cap of about CA$117b, Canadian Pacific Kansas City is one of the largest transportation stocks in North America.

If you care about how long term trade frictions reshape North American supply chains, Canadian Pacific Kansas City is hard to ignore. It is the only rail network that connects Canada, the U.S. and Mexico on a single line, and recent records in grain shipments and new cold chain and port partnerships show how that network is being used as tariffs and customs rules stay in flux. At the same time, high debt, a rich valuation and sensitivity to tariff driven swings in autos, steel and energy make this a stock where execution and policy risk matter. If you want to understand how a premium cross border rail operator might respond if trade uncertainty persists, this is one to keep on your radar.

Canadian Pacific Kansas City links Canada, the U.S. and Mexico on one rail, yet many investors still treat it like a regular freight stock. Get the fuller cross border story inside the 1 key reward and 1 important warning sign

United Parcel Service (UPS)

United Parcel Service is a global package delivery and logistics company that links this screener’s North American freight and customs theme with a much wider international network. It generates about US$60b of its revenue from U.S. Domestic Package services, US$19.3b from International Package and US$10.6b from Supply Chain Solutions that include freight forwarding, contract logistics and customs brokerage. With a market cap around US$86.8b, UPS is one of the larger listed logistics stocks connected to cross border trade flows.

Investors watching U.S. Canada trade friction may find UPS interesting because higher tariff complexity often pushes shippers toward providers that combine ground and air networks with customs and brokerage expertise. UPS is trying to reshape its business through the multi year Efficiency Reimagined overhaul, which targets billions of dollars of network savings, more automation and a shift away from lower margin volumes. At the same time, high debt, a recent US$1.7b one off loss and a dividend that is not well covered by earnings or free cash flow mean the stock carries real financial risk. The question is whether a global logistics heavyweight with cost savings initiatives can offset those trade and balance sheet pressures over time.

UPS’s Efficiency Reimagined overhaul could be masking a much bigger story for this global logistics heavyweight. Tap into the 2 key rewards and 3 important warning signs (1 is major!) to see the crucial trade and balance sheet twist investors often miss

Seeking Alternatives Before They Fly

Fresh stock ideas can move from quiet to breakout quickly. Use this moment while they are still under the radar for now and act now.

• Spot potential income workhorses early by reviewing our curated 4 dividend fortresses before yields shift and more investors start focusing on the same payouts.
• Track where growth momentum may be developing with a focused look at the 14 high quality undervalued stocks while prices still reflect limited expectations.
• Monitor changes in supply dynamics by reviewing the 28 best rare earth metal stocks before attention expands toward these niche commodity stocks.

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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