Data reveals unprecedented nature of US import surge

container imports data

The COVID pandemic was unprecedented. By nature, it was hard to predict the fallout. And the one thing no one predicted was that U.S. consumers would dramatically increase spending on goods as their ability to spend on services was constrained and that their lost income from unemployment would be counterbalanced by stimulus.

Data on freight rates and freight flows available on FreightWaves’ SONAR platform reveals just how unprecedented and off the charts the current container-import market has...

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