Back in May, we warned that a second-half rebound in U.S. containerized import volumes was highly unlikely as it was becoming increasingly clear that importers were facing a clear shift in consumer spending (from discretionary goods to more essential goods) and a nagging surplus of inventories that were carried over from last year. The reverse bullwhip effect was clearly going to crack any chances of a robust peak season. We also warned that this dismal outlook for future U.S. import demand may...
https://www.freightwaves.com/news/ocean-carriers-steadily-losing-pricing-power-in-trans-pacific