CNBC: Chinese freight ship traffic to busiest U.S. ports, Los Angeles, Long Beach, sees steep drop
The number of Chinese freight vessels headed to the ports of Los Angeles and Long Beach, the top destinations for Asian freight, has dropped sharply.
The number of Chinese freight vessels headed to the ports of Los Angeles and Long Beach, the top destinations for Asian freight, has dropped sharply.
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“Tariff uncertainty was a factor, but so was tighter capacity. Roughly 30% of flatbed loads move on the spot market compared to 12 to 15% for vans and reefers,” DAT’s chief of analytics reports.
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Spot truckload volumes rose in March, driven by a significant increase in flatbed freight, according to data from DAT Freight & Analytics.
ACT Research reported higher trailer orders in March, while also suggesting there could be a bump in freight rates due to tightening capacity as a result of the trade war.
13% Increase in the DAT Truckload Volume Index in March, to 316, for flatbed loads