Carrier are pushing ahead with transpacific rate hikes in May despite the severe drop in Chinese volumes that has forced carriers to slash Transpacific capacity by over 20% while capacity utilization on the remaining services are down by more than 5%. The reduction in the cargo flow to the US will start to impact arrivals in May, raising the likelihood of an imminent Sino-US trade deal that could trigger a sharp rebound in Chinese cargo bookings to the US. This has helped carriers’ bid to hike t