Chart of the Week: Inbound Ocean TEUs Volume Index, Outbound Tender Volume Index – USA SONAR: IOTI.USA, OTVI.USA
Maritime bookings represented by the Inbound Ocean TEUs Volume Index (IOTI) show a 40% increase over the past two weeks, the strongest spike in activity since early spring. This movement breaks the slow downward trend that had been in place since late April and could mean this cycle of tightened transportation capacity may have yet to peak.
The IOTI is an index with a base value of...