Apollo Global Management forecasts a severe U.S. recession triggered by recent tariffs, which will lead to widespread layoffs in the trucking and retail sectors amid rising economic uncertainty.
The report, available on Apollo’s website, paints a grim scenario:
The trucking industry, critical to U.S. logistics, faces significant challenges as tariffs disrupt trade, particularly with China. A sharp decline in container ship voyages from China is expected to reduce freight volumes, thereby lowering...
https://www.freightwaves.com/news/mass-layoffs-in-trucking-are-coming-says-consulting-firm