The United States’ major ports will see the volume of inbound containers from China decline this February due to the Chinese Lunar New Year, according to a report released on Tuesday, Jan. 22.
Although China’s ports will only close for three days, the factory closures and employee absences during the technically one-week-long holiday mean a longer slowdown in freight markets, said the report, which is published by FreightWaves, a U.S. website providing information about freight markets.
“China’s...