Sliding steel demand weighs on MPV sector

Dec 19, 2023

A series of quarterly profit declines by container shipping lines will still not be enough to drag the industry into the red in 2023, says analyst John McCown.

Given the short duration of the port and terminal closures, impacts appeared minimal as Jacksonville, Savannah and Charleston resumed normal operations.

For any number of product categories, relocating sourcing brings with it less efficient logistics, occasional lower quality and overall higher costs at a time when cost control is rapidly assuming a higher priority for shippers.