Is the Peak Season Freight Surge at Risk?

IEEPA Refund Calculator Investor Relationship Financial Overview Company Overview Financial Overview Corporate Governance Overview Board of Directors Committees Internal Audit Regulations Shareholder’s Insights Shareholder’s Insights Shareholder’s Report Investor Contact Investor FAQ Contact MyDimerco English繁中简中 Home » Is the Peak Season Freight Surge at Risk?Is the Peak Season Freight Surge at Risk? by Dimerco | Jun 6, 2023 Is the typical peak season freight surge at risk? Not necessarily, says leading transport analyst Lee Klaskow, Senior Freight and Transportation Logistics Analyst at Bloomberg Intelligence. “We are in a freight recession right now, but we could have freight growth and still be in a technical economic recession – that’s not unheard of,” he told the latest episode of The Freight Buyers’ Club podcast, which is sponsored in part by Dimerco Express Group. Klaskow elaborates in this short clip: Catch Klaskow’s full podcast interview with Freight Buyer’s Club host Mike King here. Klaskow rated the likelihood of a US recession “at around 65%.” However, recession and a flat peak season freight cycle musn’t necessarily go hand in hand – for a couple of reasons: Retailers have been aggressively re-stocking in recent months after a COVID-era buying spree The inventory needed for the holiday selling season is not necessarily the same as what’s current in stock. “Even if we do go into a recession, I don’t necessarily think it means doom and gloom,” says Kraskow. “I think we’re going to be in a technical recession (in the U.S.) sometime over the next 18 months, but I don’t necessarily think that it’s going to be a recession that’s going to be felt by all people all the time,” he added. The container shipping peak season traditionally takes place in the third quarter as retailers stock up ahead of the end-of-year holiday season. However, the normal ebb and flow of shipping demand was hugely disrupted during the chaos of the pandemic years. Klaskow says the 2023 peak season freight volumes should not be judged against the ridiculous volume and freight rate highs recorded during COVID lockdowns, as consumer spending switched from services to products. “I think we’re going to have a more normal peak season freight increase,” he said. “And when I say peak season, I’m not saying like a triangle angle kind of demand spike. I’m talking more of a hump kind of seasonal increase in demand; and then it slowly comes back down.” Managing Peak Season Freight Requirements Need help navigating your upcoming peak season freight requirements, particularly for shipping from Asia to the U.S.? Contact the global freight specialists at Dimerco, where we connect Asia with the world. Post Tags: Asia Pacific | China | Freight Forwarding | Ocean Freight | Podcast Episode | Supply Chain Solutions | USA We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.ACCEPT Cookie settingsManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. 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