After two years of port congestion and container shortages, disruptions are easing as China’s exports slow amid slowing demand from Western economies and a weakening global economy, logistics data show.
Container freight rates, which hit record highs at the height of the pandemic, have fallen sharply, and container traffic on routes between Asia and the United States has also collapsed, data shows.
Port congestion and container shortages decline – ESS-Feed (essfeed.com)