Freight Market Update: March 25, 2020
As China restarts production, COVID-19 worker quarantines, container shortages, and terminal closures threaten cargo pile-ups at Western ports in March 2020.
As China restarts production, COVID-19 worker quarantines, container shortages, and terminal closures threaten cargo pile-ups at Western ports in March 2020.

As the WHO declares COVID-19 a pandemic, supply chains deepen their strain and a container shortage in China disrupts US agricultural exports.

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.

Week of January 8, 2020: IMO 2020 low-sulfur fuel surcharges raise shipper price-gouging concerns and the EPA plans its Cleaner Trucks Initiative.

U.S. inbound containers drop 14% at LA and Long Beach after tariff-driven inventory loading, and Adidas shifts Speedfactory to Asia, for November 13, 2019.

Ocean peak season goes missing as inventory front-loading ahead of tariffs and shifting production to Southeast Asia keep Transpacific spot rates trending low.

Amid the US-China trade war and IMO 2020, Europe floated a carbon border tax while the IMF warned of a synchronized global economic slowdown.