Coronavirus delivers a blow to the logistics sector — Panjiva


Coronavirus delivers a blow to the logistics sector

China 2393 Cons. Discr. - Autos 858 Coronavirus 256 Mode - Bulk 112 Mode - Seaborne 1501 South Korea 475 U.S. 4229

The spread of 2019-nCoV coronavirus has now reached nearly 25,000 cases. While 99.0% of cases are still in mainland China, the global logistics industry is already having to adapt. Container-lines Maersk, CMA-CGM and ONE have all discussed cutting shipping capacity from Asia to Europe. Freight forwarders Flexport and DP-DHL have warned of increased rate volatility for airfreight due to reduced “belly cargo” capacity on passenger jets, on top of marine shipping capacity cuts. Flexport is more exposed to China than DP-DHL, with China representing 52.2% of Flexport’s U.S. seaborne inbound h...

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