The ‘peak’ of peak season is here

For the past few months, we have been warning that U.S. containerized import volumes were not only likely to experience a weak peak season but were also positioned to reach a “new” bottom in the back half of this year (forecasting a 10%-20% decline below second-half, 2019 levels). Fast forward to today, and the projected weak peak season has not only arrived but appears to already be peaking. It may be all downhill from here.

View entirety: FreightWaves