Plunging LA port volumes spell trouble for truckers. Trump Recession
Trump Recession.
100% of cause is the mental midget orange Shitgibbon
https://www.freightwaves.com/news/plunging-la-port-volumes-trouble-truckers
Plunging LA port volumes spell trouble for truckers
LA outbound volumes converging downward toward 2020 lockdown levels
In a stark reversal of fortune, the bustling Port of Los Angeles, long a reliable source of freight for truckers across the nation, is facing a significant downturn in container volumes. This decline is expected to have far-reaching consequences for the trucking industry, particularly for carriers that have traditionally relied on Southern California for steady business.
Recent data from SONAR’s Container Atlas reveals a troubling trend: Daily ocean container bookings from China to the United States have plummeted by 20% compared to the same period last year. This sharp decline is largely attributed to the escalating trade tensions between the two economic powerhouses, with the Trump administration’s aggressive tariff policies, including a recently imposed 245% tariff on Chinese imports, playing a central role.
For trucking companies that have long depended on the steady flow of goods from the Port of Los Angeles, this downturn spells trouble. As fewer containers make their way across the Pacific, the volume of freight available for overland transport is expected to diminish substantially. This reduction in available loads could lead to increased competition among carriers and potentially lower rates for those able to secure shipments.
The situation is further complicated by the fact that many importers have temporarily halted inbound shipments as they reassess their strategies in light of the new tariff regime. While some of these pauses may be transient, the overall trend suggests a more prolonged period of reduced volume, especially for businesses heavily reliant on goods targeted by the Trump administration’s tariffs.
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