Consultant Insight: Freight demand minimal ahead of Lunar New Year

Carriers anticipate a quieter period leading to the Lunar New Year 2023 (LNY) as higher inventories and economic concerns blunt shippers’ inventory replenishment requirements for the new year. Traditionally, demand is high for inventory replenishments ahead of LNY, a celebratory period during which Asian manufacturers close for up to a month. Higher rates and tighter […]

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