Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
North America Market. Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Cargo flows and ship calls are rebounding in China. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels. Port of Virginia estimates cargo lost in February thru April at 44,000 ctrs ~11% decline. Letter from the CEO: Coronavirus Market Update.