2020 closes with plenty (of freight) left in the tank

Chart of the Week:  Daily Customs Shipments, Outbound Tender Reject Index – USA SONAR: CSTM.USA, OTRI.USA

This final 2020 edition of the chart of the week combines the two most relevant statistics of the year: maritime import shipments and tender rejection rates. Before the pandemic, the two measures had little connection to each other. In 2019, container imports had time to sit in warehouses as shippers were able to plan and prepare for seasonal purchasing patterns to reemerge, allowing them to...


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