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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.
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JBB BUILDERS (01903.HK) achieved a net profit of 1.571 million ringgit in the interim period.
On February 20, Gelonghui announced that JBB BUILDERS (01903.HK) reported revenues of 0.224 billion ringgit for the six months ending December 31, 2024, a year-on-year increase of 77.2%; gross profit of 8.045 million ringgit, a year-on-year increase of 219.5%; profit attributable to shareholders of 1.571 million ringgit, compared to a loss of 3.017 million ringgit attributable to shareholders in the same period last year; basic and diluted earnings per share of 0.31 sen. The significant increase in revenue during the reporting period is mainly due to (i) the awarded reclamation and related projects and buildings for 2024.
