For many perishables exporters and their logistics providers in the Americas, China has turned from an Eldorado into a nightmare.
Capacity has shrivelled up to a fraction of previous lift, and rates are headed for the stratosphere. Reefer capacity is in even worse shape, but these horrors pale in the face of the collapse that the market has suffered in the wake of the Covid-19 virus epidemic.
China has been the biggest …
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Source: The Loadstar