Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.
Mario Cordero, Port of Long Beach executive director, says there have been “notable improvements across the supply chain,” but lockdowns in China could change that.
