Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact on the global economy intensifies.

KEY POINTS

  • The number of canceled sailings of freight vessels out of China is picking up as ocean carriers attempt to manage a pullback in orders due to the trade war and tariffs.
  • A steep decline in containers being shipped to the U.S. will have a big impact on the supply chain, from port to trucking, rail and warehouse economics.
  • “We won’t go to zero containers, but we will see a decrease in containers and as a result, in the future we will see a massive raft of blank sailings announced,” one freight expert tells CNBC.