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Truck drivers in California are being laid off due to lack of container volumes.
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<blockquote data-quote="admin" data-source="post: 246" data-attributes="member: 1"><p>KEY POINTS</p><ul> <li data-xf-list-type="ul">Transportation, trucking and railroad stocks, such as JB Hunt, Union Pacific and UPS, have been among the market’s weaker performers in recent trading.</li> <li data-xf-list-type="ul">Truck drivers in California are being laid off due to lack of container volumes.</li> <li data-xf-list-type="ul">Overall ocean bookings for cargo headed to the U.S. are down.</li> <li data-xf-list-type="ul">Movement of freight from warehouses to stores is slowing and this week’s GDP report showed investment in inventory declined in Q1 as fewer firms restocked.</li> </ul><p>[URL unfurl="true"]https://www.cnbc.com/2023/04/28/where-the-trucking-and-rail-recession-is-showing-up-in-economic-data.html[/URL]</p></blockquote><p></p>
[QUOTE="admin, post: 246, member: 1"] KEY POINTS [LIST] [*]Transportation, trucking and railroad stocks, such as JB Hunt, Union Pacific and UPS, have been among the market’s weaker performers in recent trading. [*]Truck drivers in California are being laid off due to lack of container volumes. [*]Overall ocean bookings for cargo headed to the U.S. are down. [*]Movement of freight from warehouses to stores is slowing and this week’s GDP report showed investment in inventory declined in Q1 as fewer firms restocked. [/LIST] [URL unfurl="true"]https://www.cnbc.com/2023/04/28/where-the-trucking-and-rail-recession-is-showing-up-in-economic-data.html[/URL] [/QUOTE]
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Truck drivers in California are being laid off due to lack of container volumes.
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