U.S. container imports are on a wild ride. They plunged in March after the initial coronavirus outbreak in Wuhan, China. They bounced back in April when delayed bookings were loaded after China came back online. Beginning in May, they sank again as container carriers “blanked” (canceled) sailings. Now, it looks like there could be at least some momentum in the positive direction.
Author: Greg Miller
Container-liner schedules are about to provide a telling clue on U.S. cargo demand.
U.S. ports should see sharply lower container imports in the second quarter, but throughput could pick up in the second half—assuming there is not a major resurgence of coronavirus cases.
The coronavirus is severely disrupting container shipping and global supply chains in 2020, but that’s just the beginning. The pandemic is laying the foundation for permanent changes to the business of international trade.