“To give you a sense of the demand right now, we are turning away — each week — more cargo than we are carrying,” revealed Matson CEO Matt Cox, referring to the scramble for slots on his company’s two China-U.S. services.
During a conference call with analysts Monday after market close, Cox provided a frontline view of the torrid bookings, import drivers and tightening bottlenecks on the trans-Pacific container trade.
“This could end in a few weeks or it could continue all the way into February...
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