Containerized imports to the U.S. have fallen by more than 36 percent since May 24, and U.S. import
demand has fallen off a cliff. In addition, freight rates are also declining. Recently, the Freightos index
showed that the container spot freight rate from China to the West of the United States fell by 38%
month-on-month to $9,630.
In this regard, JPMorgan transportation and logistics analysts issued a recession warning for the shipping logistics industry. After the report was issued, the capital market responded quickly. From the European market and the U.S. market on June 8 to the Asia- Pacific market on the 9th. global shipping stocks have experienced a slump across the board. Continue to decline slightly.
In fact, on Tuesday, June 7, the well-know data analysis web wasite freightwaves pointed out in an article "US import demand is falling sharply" that the latest shipping container booking data shows that despite the first five months of 2022 U.S. e freightwaves
imports of goods are strong, but import demand is not only softening, but falling sharply.
The Freightos index showed container spot rates from China to the West of the United States fell 38%
month-on-month to $9,630 as capacity across the Pacific remained relatively stable.
