Container executives expect US import boom to slow down

We should not get carried away by exorbitant freight rates and shy-high demand, says Hapag-Lloyd's chief executive, who predicts a correction, he tells Reuters.

Photo: Fabian Bimmer/AP/Ritzau Scanpix

During the coronavirus crisis, an increase in freight to the US has helped keep freight rates high, but this development will lose steam, several chief executives at transport companies now say, according to Reuters.

"Let's not get carried away. This is just a spike that no one has foreseen in an unusual period. There will be a correction to that," says Rolf Habben Jansen, CEO of Hapag-Lloyd, to Reuters.

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