Import gains at top US container gateways go ballistic

container import port

The import stats at U.S. ports just went ballistic. Year-on-year (y/y) gains skyrocketed for two reasons. First, March volumes were unusually strong — as high as the peak in October. Second, import volumes in March 2020 were unusually weak, suppressed by the initial COVID lockdowns.

This confluence led to some eye-catching statistics published by The McCown Report on Thursday: Imports to the top 10 U.S. container ports rose 67.8% y/y. Imports to East/Gulf Coast ports rose by 48.5%. Those to West...

https://www.freightwaves.com/news/import-gains-at-top-us-container-ports-go-ballistic

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