Import demand growth robust leading into Lunar New Year

Chart of the Week: Inbound Ocean TEUs Volume Index – Port of Los Angeles, Port of Savannah, Port of New York/New Jersey, Port of Long Beach  SONAR: IOTI.USLAX, IOTI.USSAV, IOTI.USNYC, IOTI.USLGB

Bookings for twenty-foot equivalent units (IOTI) spiked well above last year’s levels for freight bound for the nation’s top four port complexes heading into Chinese New Year (CNY). 

The IOTI is an index that measures container volumes being booked by departure date from the port of origin, about 15-30...

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