What the TEU tea leaves are telling us


Source: freightwaves.com freightwaves.com

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There’s new data out on China, and some people say they are “shocked” and “surprised” the country’s manufacturing is hurting. At this point, you want to ask businesspeople who admit this if they are living under a rock. Since June 2022, manufacturing orders have been down 30%-40%. We are now in peak season and, as all logistics data has shown, it is not going to be stellar. This year’s logistics cycle should be called “peaked season.” What will be interesting to review this holiday season are the types and the amount of product being moved into stores or shipped directly...