Morning Minute | April 29, 2025
Apollo Global Management has issued a severe warning for the U.S., forecasting mass layoffs in the trucking and retail sectors expected to begin in the next four to six weeks due to the ripple effects of tariffs and trade uncertainty. This outlook includes anticipated shortages across the retail space as import volumes are expected to drop substantially, with declining import volumes impacting trucking workloads and forcing carriers to cut labor costs. DHL has ended its temporary suspension on shipping medium-value business-to-consumer (B2C) goods valued between $800 and $2,500 to the United…
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