UPS, CMA-CGM see beginning of the end to COVID-19 disruptions — Panjiva
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UPS, CMA-CGM see beginning of the end to COVID-19 disruptions

China 2393 Coronavirus 256 Corp - Forwarders 222 Corp - Shipping 743 Global 1048 Mode - Airfreight 152 Mode - Containerized 1179 Mode - Seaborne 1501 U.S. 4229

The logistics industry may be seeing the first signs of an end to COVID-19 coronavirus related disruptions in China. Airfreight industry association IATA warned that the outbreak “has severely disrupted global supply chains” with data showing global airfreight volumes fell by 3.3% in January even before the outbreak. Yet, UPS’s CFO, Brain Newman, has said that the firm is “starting to see a rebound in activity in China and Hong Kong” and will try to take advantage “of some pent up demand”. China represented 61.5% of UPS’s U.S.-inbound, seaborne traffic and had seen a 20.0% year over year...

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