Dispatch

Freight rates from China to West Coast drop 90% as global trade plummets

Freight rates from China to West Coast drop 90% as global trade plummets

Logistics managers are sending the message to customers that the ocean freight market is correcting at a faster rate than expected. Transport company HLS recently wrote to its customers: “We initially expected the market to be on the verge of correcting and normalizing sometime in 2023, but this is coming much sooner than expected.” The …

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Factory orders from China down 40% in relentless slump in demand

Factory orders from China down 40% in relentless slump in demand

Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …

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Canceled sailings from China and 'drastic' ship cuts affect US ability to reach export market

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market

Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …

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