Fewer trans-Pacific cuts signal 3Q demand on the mend

container terminal

The green shoots keep coming.

Fewer trans-Pacific sailings will be “blanked” (canceled) in the third quarter — potentially many fewer — as U.S. importers recuperate from the first COVID-19 wave more quickly than expected.

Blank-sailing data has proved to be an accurate leading indicator of U.S. demand.

When ocean carriers do not get enough advance bookings to sufficiently utilize container slots, voyages are canceled. With blank sailings announced a month or more in advance, liner scheduling...

https://s29755.pcdn.co/news/fewer-trans-pacific-cuts-signal-3q-demand-on-the-mend

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