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Letter from the CEO: Coronavirus Market Update

Transplace

40’ containers: Due to the lack of imports, this equipment is in limited supply across the country. 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. The supply of 40’ equipment across the U.S. Packaging and CPG supply chains appear to be oversold in many places and transportation demand is strong from those sectors. Cargo flows and ship calls are rebounding in China.