In 2020, shipping executives predicted the container-shipping capacity squeeze would last until Chinese New Year in February 2021. When that didn’t happen, they said mid-2021. The bar is now moving further out — to the fourth quarter or beyond.
After market close on Tuesday, Matson (NYSE: MATX) CEO Matt Cox said on a conference call with analysts, “We expect demand in the trans-Pacific trade lane to remain favorable, with elevated consumption trends to continue beyond the second quarter. We...
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