Mallory Asia-Pacific is also reporting that truck capacity in Asia is becoming very tight. For many truckers, all their capacity is fully booked through the Chinese New Year holiday. In some instances in cities such as Shanghai, Ningbo, and Nanjing, some truckers have already returned to their hometowns over COVID-19 travel concerns or are planning to return this week. In other cities such as Fuzhou, truckers are still honoring bookings through February 5, but no new bookings are being accepted. It is also anticipated that trucking volume may be slow to return after the holiday due to the quarantine requirements of various provinces.
Sources: CNBC, Mallory Alexander Asia-Pacific