The good news for container lines: U.S. imports are still higher than they were before the pandemic. The bad news: This year’s string of month-on-month gains is over. Seasonality, combined with worsening conditions at the Panama Canal, pulled down imports in November — a negative for freight rates.
According to data from Descartes (NASDAQ: DSGX) released Thursday, U.S. ports handled 2,099,408 twenty-foot equivalent units of imports last month, 9% less than in October.
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https://www.freightwaves.com/news/us-imports-dragged-down-by-seasonality-panama-canal-crisis