With bookings of U.S. imports from China currently up 89% year-over-year (y/y), ocean freight out of China is surging during the COVID-19 pandemic.
Steve Ferreira, CEO of Ocean Audit Inc., and Daniel Gardner, president of Trade Facilitators, recently discussed what’s causing the surge of goods from China and how long it will last.
The virtual fireside chat — “China and tariffs: Why COVID has actually increased cargo yields” — was part of American Shipper’s Global Trade Tech Summit on Thursday.
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https://www.freightwaves.com/news/global-trade-tech-summit-china-imports-soar-up-89-year-over-year