U.S. inbound volumes of containers fell by 7.8% year over year in 4Q after a 10.6% drop in December. That’s been down in part to the demand-drag from the U.S.-China trade war as well as the timing effect of earlier stockpiling. Among the major container lines the worst performers were HMM and CMA-CGM with declines of 16.3% and 12.6% respectively in 4Q while Hapag-Lloyd did best with a slip of just 3.5%. Hapag-Lloyd’s CEO, Rolf Habben Jansen, has indicated that “trade conflicts can have an impact on trade routes” and that the firm will “have to live with these possible fluctuations”. Hapa...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.