Chart of the Week: Outbound Tender Volume Index– USA SONAR: CSTM.DG, CSTM.NDG
Maritime import volumes fell through most of May after showing strong signs of recovering after the Chinese New Year (CNY) and COVID-19 inspired trough. The former being an annual event that causes import volumes to drop as much as 30-40%, but this year was deepened and extended thanks to the pandemic. Most imports can be identified as durable and non-durable goods.
Most freight is classified as durable, but...
https://s29755.pcdn.co/news/non-durables-showing-more-resilience-as-imports-continue-decline