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SMW for 16 April 2025



AT THE CLOSING BELL ON 16 April 2025


Dow Jones 39,669.39 -699.57 (1.73%)
S&P 500 5,275.70 -120.93 (2.24%)
Nasdaq 16,307.16 -516.01 (3.07%)

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Quote for the Day:

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

The number of canceled sailings of freight vessels out of China is picking up as ocean carriers attempt to manage a pullback in orders due to the trade war and tariffs.

A steep decline in containers being shipped to the U.S. will have a big impact on the supply chain, from port to trucking, rail and warehouse economics.

“We won’t go to zero containers, but we will see a decrease in containers and as a result, in the future we will see a massive raft of blank sailings announced,” one freight expert tells CNBC.

CNBC 4/16/2025
https://www.cnbc.com/2025/04/16/trade-war-fallout-china-freight-ship-decline-begins-orders-plummet.html