Slowdown headed for U.S. import volumes as largest exporter sees economy weaken ahead of prolonged holiday.
As the three largest U.S. ports see major congestion amid large volumes of inbound containers, the only near-term relief may come from the upcoming Chinese Lunar New Year. China’s Lunar New Year, which begins February 5, is technically a week-long holiday for most of the country’s factory workers. But China’s manufacturing industry and logistics businesses typically shut down a week earlier and later than the official holiday period so employees can make the long journey home to the nation’s vast interior.
For full details, please click here.