Equipment Update: Import Volumes Low, Shortage of 20-foot Containers in the West

Import volumes into Canada continue to be down and shipping lines have continued with their blank sailings. Recent storms and heavy snow in the East Coast has impacted the repositioning of containers to the West Coast. There currently is a shortage of 20-foot containers.

With Chinese New Year coming up this week, factories in China will be closed for 7-10 days. We are anticipating that many shipping companies will start sending empty containers back to Asia, with the expectation that China continues to open up their economy.