As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second half of last year, import demand is not abating — it’s increasing.
Importers are still playing catch-up. The Institute for Supply Management (ISM) Customers Inventories Index, released Monday, dropped to 28.4 for April. That set a new record for the lowest number since the index was created in 1997...
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