Core Insights - The shipping and logistics data is being closely monitored by Wall Street to assess the impact of the Trump administration's tariff policies on the economy [1] - The Dow Jones Transportation Average has underperformed the Dow Jones Industrial Average by over 9 percentage points this year, marking its worst performance in the past decade [1] Shipping Industry - Major freight companies in the U.S., such as J.B. Hunt Transport Services, Knight-Swift Transportation Holdings, and Matson, have seen their stock prices plummet this year [2] - There has been a significant decline in container shipping bookings to the U.S., with a 60% drop reported since April 9, according to Flexport [4] - Nearly 30% of trans-Pacific voyages to the U.S. have been canceled as of the week of May 4 [4] - The import volume at the Port of Los Angeles is expected to decrease by 35% compared to the same period last year [4] Trucking Industry - Trucking companies are reducing orders for heavy trucks due to tariff concerns, with net orders in North America falling to 16,500 units in March, a year-over-year decline of 5.9% [5] - The cancellation rate for truck orders has reached a two-year high, and dealer inventories have hit a record 91,600 units [5] - Truck drivers are facing profit levels similar to those during the global financial crisis [5] Supply Chain - The GEP Global Supply Chain Volatility Index reached a five-year low in March, driven by reduced manufacturing activity in North America [6] - Companies are preparing for higher procurement costs and potential consumer spending slowdowns, with expectations of further reductions in April readings [6]