U.S.-bound container shipments from Asia plunge as inflation bites - Nikkei Asia

2023-04-06 01:15:33 By : Mr. David Hu

Consumer demand weakens and retailers hold off increasing inventory

TOKYO -- Ocean freight shipments from Asia to the U.S. declined sharply late last year as stubbornly high inflation sapped spending by American families on furniture and toys. Freight Transport

U.S.-bound container shipments from Asia plunge as inflation bites -                         Nikkei Asia

With retailers no longer stocking up inventories like they did during the height of the pandemic, shipping rates are sinking to three-year lows, along with the prices for new containers themselves.

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U.S.-bound container shipments from Asia plunge as inflation bites -                         Nikkei Asia

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