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

Pacific Basin Shipping Limited (PCFBF) Q1 2025 Earnings Call Transcript Summary

moomoo AIApr 18 03:42 ET · Conference Call

With the increase in global cargo volume and rising freight rates, COSCO Shipping Holdings expects a 72% year-on-year increase in net income for Q1 | Earnings Reports News.

In the first quarter, COSCO Shipping Holdings achieved a Net income of 13.223 billion yuan, a year-on-year increase of 72.13%; the Net income attributable to shareholders was 11.689 billion yuan, a year-on-year increase of 73.04%. The company stated that in the first quarter of 2025, the Global container cargo volume still maintained certain growth compared to the same period last year, and the average value of the China Export Container Freight Index (CCFI) also saw an increase year-on-year.

wallstreetcnApr 7 09:08 ET

Trending Industry Today: COSCO SHIP HOLD Leads Losses In Ports & Shipping Stocks

Moomoo NewsApr 7 02:10 ET

COSCO SHIP ENGY's net profit increased by nearly 20% last year, raising industry concerns about future market fluctuations. | Interpretations

① COSCO SHIP ENGY achieved a Net income of 4.037 billion yuan last year, a year-on-year increase of 19.4%, reaching a new high since 2016; ② The Crude Oil Product shipping market is affected by sanctions and geopolitical factors, leading to high uncertainty, and industry insiders indicate that it will face market fluctuations in the future.

cls.cnMar 26 11:36 ET

Pacific Basin Shipping Limited (PCFBF) 2024 Annual Results Earnings Call Transcript Summary

moomoo AIFeb 28 16:18 ET · Conference Call