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. Some LTL carriers are embargoing parts of New York for the NBG Service Center due to the total number of cases of coronavirus in these zip codes: 10801, 10802, 10804, and 10805. Cargo flows and ship calls are rebounding in China.