Freight Market Update: March 4, 2020
The COVID-19 outbreak ripples through supply chains as U.S. port cargo volumes are forecast to drop 20% or more after Chinese New Year, March 4, 2020.
The COVID-19 outbreak ripples through supply chains as U.S. port cargo volumes are forecast to drop 20% or more after Chinese New Year, March 4, 2020.
Flexport tracks how the COVID-19 outbreak slows China manufacturing, triggering mass blank sailings and looming equipment shortages at major ports.
Coronavirus factory shutdowns keep crippling supply chains after Chinese New Year, prompting multinationals to move parts production out of China for good.
The coronavirus outbreak tanks ocean shipping as supply chains struggle to recover after Chinese New Year, with shipping stock prices collapsing amid disruption.
Coronavirus cancelled over 90% of China passenger flights, tightening TPEB and FEWB air capacity, while blank sailings rose 20-30% above normal.
As the Wuhan Coronavirus disrupts business, airlines cancel China flights and blank sailings emerge, signaling volatile air cargo rates and climbing prices.
The US Coast Guard signals tougher IMO 2020 low-sulfur enforcement while the Panama Canal adds drought fees amid water shortages in late January 2020.
The Phase 1 U.S.-China deal keeps 25% tariffs on bikes and many goods, while research predicts continued container shipping overcapacity in 2020.