Companies are ordering less goods, which should not be a surprise
Chart of the Week: Inbound Ocean TEU Index, US Customs Maritime Imports TEUs – USA SONAR: IOTI.USA, CSTEU.USA
The 36% drop in import volumes reported earlier this month has not materialized domestically yet and may not for several months, depending on your place in the supply chain. The Inbound Ocean TEUs Volume Index (IOTI) measures trends in TEU volumes that companies book by departure date from their ports of origin. With an...