Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. 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. Chinese industrial activity is increasing. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns.