Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
The expectation is that two mega ships will arrive at the ports to pick up empties this week as the equipment is needed in China. Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. Mexico and Cross-border. into Mexico by truckload and the increase of CPG export products from Mexico to the U.S., Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas.