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Tariff Wars Crush Truckers as Major Logistics Firms Collapse

ITS Logistics August index reveals tariff impacts crushing trucking industry as major providers collapse. Export volumes down, consumer prices rising, supply chain at risk.

This news matters because tariff policies and supply chain disruptions directly impact consumer prices, product availability, and economic stability. The collapse of established logistics companies like T.G.S. Logistics and GSC Logistics after decades of operation signals severe stress in the transportation sector that could lead to reduced shipping capacity, higher costs for goods, and potential supply chain breakdowns. For consumers, this means paying more for everyday products while facing potential shortages, especially during peak shopping seasons. For businesses, particularly small enterprises, these conditions threaten viability as transportation costs rise and reliable logistics partners disappear. The situation underscores how international trade policies ripple through the entire economy, affecting everyone from manufacturers to end consumers.