With tariffs being imposed, refunded and challenged in court all at once, global logistics and freight stocks sit directly in the crosshairs of policy and trade flows. Those rapid US$100b refund payments and new 10% to 12.5% duties are shaking up balance sheets and shipping routes, which can create both beneficiaries and bystanders. This article looks at 3 stocks exposed to these tariff shifts and explains why investors are watching them now.

The 3 stocks below are just a starting sample, and a fuller screen of global logistics and freight companies surfaced 14 more from the US, UK, Canada, Australia and New Zealand with equally compelling tariff and trade exposure stories that are not covered here. To go deeper, head straight into the Global Logistics and Freight Companies screener to analyze, compare and identify the logistics and freight stocks that best fit your own conviction and risk profile.

RB Global (RBA)

Overview: RB Global runs global marketplaces and data platforms that connect buyers and sellers of used commercial assets and vehicles, from heavy equipment and trucks to salvage autos, along with services such as inspections, refurbishing, transport and financing.

Market Cap: US$20.6b

RB Global provides exposure to the heavy equipment and auto supply chain at a time when tariff refunds and new duties are reshaping how assets move across borders. The company’s auctions, digital platforms and transport services can be used when buyers look for efficient ways to reposition machinery and vehicles as trade routes and customs rules shift. Earnings growth has recently outpaced the broader Commercial Services industry, and analysts report an earnings outlook that they view as supportive of the current valuation despite a relatively high P/E. At the same time, RB Global carries a heavier debt load and relies on continued volume growth, so investors may want to weigh that potential upside against funding risk and the possibility that trade policy changes could temporarily affect activity.

RB Global’s earnings momentum and tariff exposure have many investors only seeing half the picture. Get the full story with the 4 key rewards and 1 important warning sign and see what might be hiding behind that higher P/E and debt load.

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RB Global and the two other stocks in this tariff focused list all surfaced from a single Simply Wall St screen, but the real edge comes when you shape your own filters. Use our flexible Screener to blend valuation, earnings outlook, financial health and risk checks, or tap into our curated Investing Ideas for ready made starting points.

International Consolidated Airlines Group (LSE:IAG)

Overview: International Consolidated Airlines Group is a global airline group that carries passengers and air cargo across Europe, the North Atlantic, Latin America, the Caribbean, Africa, the Middle East, South Asia and the Asia Pacific through brands such as British Airways, Iberia, Vueling and Aer Lingus, and also runs the IAG Loyalty program.

Operations: International Consolidated Airlines Group generates most of its revenue from British Airways at about €17.3b, followed by Iberia at €8.1b, IAG Loyalty at €3.0b, Vueling at €3.3b, Aer Lingus at €2.5b and other group companies at €895m, with inter segment eliminations of €1.8b.

Market Cap: £19.6b

International Consolidated Airlines Group sits at the intersection of tariff policy, air freight and long haul travel, which is why investors are watching how new US tariffs and rapid refund flows could influence cargo yields and premium transatlantic demand. The company has been rebuilding profitability, reinstating a dividend in June 2026, and continues to invest heavily in more efficient aircraft and digital tools that management believes can support margins over time. At the same time, new debt issuance and higher regulatory and sustainability costs keep pressure on the balance sheet, and any slowdown in US or European travel would matter for such a globally exposed airline. The key question is whether current pricing and analyst expectations fully reflect those cross currents in tariffs, earnings quality and funding risk.

International Consolidated Airlines Group’s rebuilding story, fresh dividend plans and tariff exposure all raise one key question: Does the current share price capture the real earnings power and funding risks, or is something important missing in the analysis report for International Consolidated Airlines Group?

Marten Transport (MRTN)

Overview: Marten Transport is a North American truckload carrier focused on temperature controlled freight, moving food and consumer goods across the US, Mexico and Canada through its Truckload, Dedicated and Brokerage segments using refrigerated trailers, dry vans and specialized equipment.

Operations: Marten Transport generates most of its revenue from Truckload services at about $433 million and Dedicated contracts at about $264 million, with Brokerage contributing about $152 million and a small segment adjustment of about $10 million.

Market Cap: $1.2b

Marten Transport provides exposure to refrigerated trucking at a time when tariff refunds, new duties and tighter capacity are reshaping North American freight flows. Current profitability is thin, with a 1.5% net margin and low 1.7% ROE, and the P/E sits far above industry averages. The company is fully reliant on external borrowing, dividends are not well covered and recent results include an $8.3 million one off gain. Taken together, these factors make the risk reward trade off more nuanced than a simple “growth story.”

Thin margins, a stretched P/E and that one off $8.3m gain make Marten Transport look risk heavy. Yet the full picture is more nuanced, and the 1 key reward and 3 important warning signs (1 is major!) could flip your view.

Seeking Alternatives Before Others Catch On

Fresh ideas may move first when tariffs, freight and trade routes shift. Spot potential breakout stocks while the data is still under the radar for now, then act based on your own research and judgment.

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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.