September 21, 2023 — An expected rebound in global shipping traffic has stalled, with manufacturers and distributors still struggling to reduce inventories stockpiled during the peak of consumer demand for goods during the Covid-19 pandemic.
Global freight flows have not significantly recovered from the significant freight downturn that began in the middle of 2022, and the nine largest ports in the U.S. each recorded their lowest summer traffic since 2017, according to Reuters.