September 11, 2020

Manufacturers based in Louisiana and Texas are still recovering from Hurricane Laura, though most production capacity has been restored.

Chinese manufacturers are at full capacity and working through peak season orders. Production will be shut down from October 1 to 8 for the Golden Week holiday.

Freight

Ocean freight rates from China to the US continue to climb following a general rate increase at the beginning of September. Eastbound transpacific freight rates are 140% higher than the same time last year.

Despite carriers restoring cancelled sailings, demand is currently outpacing capacity.