Ocean cargo issues meet global disruption.

The global logistics landscape is witnessing significant shifts in ocean freight equipment balance and container volumes, driven by a confluence of factors, including geopolitical tensions, global trade patterns, and the adjustments to how transportation will evolve in the aftermath of the COVID-19 pandemic. 

Container Volume Surge:

Transpacific eastbound box volumes surged by an impressive 16.9% in January 2024, marking a stark rebound from the challenging conditions experienced in the previous year. This upward trajectory is expected to continue, with full-year volumes projected to record positive growth after a 15.1% decline in 2023. The three major ocean carriers, COSCO, CMA CGM, and Evergreen, are holding strong positions, leveraging the strong cargo rebound to their advantage.

Spring Festival can't complicate cargo for Coppersmith!

In the Chinese Zodiac, embodying strength, fortune, and authority, the Dragon introduces lucky numbers 1, 6, and 7 in all ways and is reflected in the luckiest days of the month, which are the 1st, 6th, 7th, and 16th. Lucky colors are silver, gold, and grayish white; auspicious directions are east, north, and south. The luckiest signs this year will be monkeys, roosters, and pigs.