Recession fears abound, yet America’s ports keep racking up historically high numbers. Last month was the country’s best June ever for containerized imports. This month looks like it will be the best or second-best July.
According to The McCown Report, imports to the top 10 U.S. ports rose 5.9% year on year (y/y) to 2.16 million twenty-foot equivalent units, exceeding the 3% y/y gain in May and 5.1% gain in April.
Volumes continued to shift eastward. Imports to the top East/Gulf Coast ports rose...