Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
The major lanes between Houston/LA (I-10 Corridor), Chicago/Ohio, NJ/Eastern PA, and Atlanta remains the same with ample capacity however lead times have shortened. 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. Port of Houston is experiencing equipment shortages.