Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take time to recover to pre-epidemic levels, says Fitch Ratings. Decreased production in China because of the extended work holiday and factory closures will affect import and export volumes in first-quarter 2020 but
With the start of the Lunar New Year approaching this week, West Coast ports are focused on restored trade relations with China and hope for cargo volumes to reflect a more stable relationship. The Port of Oakland – which stages its “6th Annual State of the Port” address on January 29 – reports that its
With Thanksgiving now less than a week away (wow), it now means that we, as consumers, can start thinking about shopping and making sure we have our gift lists ready so we are fully prepared to hit the ground running, whether it is at the physical mall or the online one. But just because we
While the container throughput at the ports of Los Angeles/Long Beach is slumping, California’s third largest ocean cargo gateway is reporting encouraging news. Port of Oakland exports increased 10.8 percent last month compared to October 2018 volumes, according to data released today. The port labeled the double-digit jump “positive” amid reports that the U.S.-China trade
Freight volumes and pricing are continuing to weaken in air, rail and truck markets, according to the Cass Freight Index Report for September. The additional signs of contraction suggest that an economic downturn might be in the offing. The Cass Index has now shown year-over-year declines for 10 straight months. “We repeat our message from