The impact of tariffs on the U.S. has already been seen: truck Transportation volume at the Port of Los Angeles has dropped by 23%, and large-scale layoffs are about to occur.

Due to the impact of tariffs, the volume of goods entering the Port of Los Angeles, the largest port in the United States, has sharply declined. A CEO in the Logistics Industry stated that the truck Transportation volume at the port has decreased by 23% year-on-year, and if the trade war is not resolved, it may drop to 50% in the coming weeks, with truck drivers facing large-scale layoffs. Some media pointed out that the significant decline in Logistics may lead to the collapse of certain parts of the warehousing Industry Chain in Southern California.

wallstreetcnApr 25 09:40 ET

SITC International Holdings (HKG:1308) Shareholders Have Earned a 35% CAGR Over the Last Five Years

Simply Wall StApr 22 18:28 ET

SITC International Holdings Company Limited's (HKG:1308) Earnings Are Not Doing Enough For Some Investors

Simply Wall StApr 10 19:07 ET

Hong Kong stocks are fluctuating | Marine Transportation stocks opened higher across the board as Trump temporarily postponed the latest tariff increases, and the Block Orders for the European shipping line briefly hit the limit-up.

All marine transportation stocks opened higher. As of the time of writing, SITC (01308) rose by 14.86% to HKD 20.1; COSCO Shipping Holdings (01919) rose by 7.35% to HKD 11.1; OOIL (00316) rose by 5.21% to HKD 103; PACIFIC BASIN (02343) rose by 5.19% to HKD 1.62.

Zhitong FinanceApr 9 21:28 ET

Hong Kong stocks are experiencing unusual movements | Marine Transportation stocks have collectively declined as the tariffs in the USA exceeded expectations. Institutions state that the market remains relatively bearish on long-term trade demand.

Maritime transportation stocks collectively declined. As of the time of writing, Yang Ming Marine Transport (02510) dropped 8%, priced at HKD 5.98; SITC (01308) fell 6.6%, priced at HKD 19.94; COSCO Shipping Holdings (01919) decreased by 5.09%, priced at HKD 11.94; OOIL (00316) dropped 3.47%, priced at HKD 113.9.

Zhitong FinanceApr 2 21:46 ET

SITC: ANNUAL REPORT 2024

HKEXApr 2 06:30 ET · Announcements