The anticipated “quick economic rebound” and rise in import demand for the latter half of 2023 seems unlikely due to factors depressing domestic consumer spending and import availability. China’s manufacturing recovery and export capacity are weaker than expected, while weak consumer demand, increasing debt, and bank failures contribute to a credit crunch and expected recession. Despite these challenges, at TLC we closely monitor the economy to secure competitive freight rates and provide timely, long-term contracted freight solutions. Contact us today for all your shipping needs!
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