Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
Many shippers are seeing surge capacity, especially in the CPG industry (water, cleaning supplies, paper products, shelf stable, and other food items). Cargo flows and ship calls are rebounding in China. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels. Letter from the CEO: Coronavirus Market Update.