Chart of the Week: Inbound Ocean TEUs Index – USA SONAR: IOTI.USA
Bookings for 20-foot equivalent container imports (IOTI) are up 27% versus mid-June of 2019 and 11% over last year. With all the talk and expectations of nearshoring, goods coming from overseas are still flowing strong and having a noticeable impact on domestic transportation patterns.
The IOTI is a 14-day moving average index of orders (bookings) of 20-foot equivalent containers (TEU) based on the time of departure from the port...