Chinese companies probed over cuts to shipping container production before pandemic
Federal authorities are investigating whether Chinese companies intentionally reduced shipping container production before the COVID-19 pandemic. The probe focuses on several firms that dominate the global market for unrefrigerated shipping containers. Allegations suggest these companies restricted production hours to inflate prices and create supply shortages just before the pandemic began.
- ▪U.S. authorities are examining Chinese companies for potentially cutting shipping container production in late 2019.
- ▪Investigators believe the companies' actions were aimed at inflating prices and restricting global supply.
- ▪Several Chinese executives have been indicted in connection with the case, with one recently detained in France.
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Exclusive Politics U.S. probing whether Chinese companies cut production of shipping containers before COVID pandemic By Jennifer Jacobs, Jennifer Jacobs Senior White House reporter Jennifer Jacobs is a senior White House reporter at CBS News. Read Full Bio Jennifer Jacobs, Jacob Rosen Jacob Rosen Justice Department Reporter Jake Rosen is a reporter covering the Department of Justice. He was previously a campaign digital reporter covering President Trump's 2024 campaign and also served as an associate producer for "Face the Nation with Margaret Brennan." Read Full Bio Jacob Rosen Updated on: May 19, 2026 / 11:38 AM EDT / CBS News Add CBS News on Google Federal authorities are examining whether Chinese companies deliberately restricted the world's production of storage containers for the…
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