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First 3 million TEU month for U.S. imports as demand, congestion clash continues

China 2839 Cons. Discr. - Durables 436 Cons. Discr. - Retailing 391 Consumer Staples 716 European Union 748 Health Care 328 Industrials - Capital Goods 550 Info Tech - Tech Hardware 715 Materials - Construction 104 Mode - Containerized 1394 Mode - Seaborne 1731 Trade Balance 915 Vietnam 328

U.S. seaborne imports of containerized freight increased by 50.5% year over year in March and by 36.9% when compared to March 2019. That resulted in a record 3.02 million TEUs shipped, or 97,300 TEUs per day. The latter was 7.2% higher than the peak season of the three months to Nov. 30, indicating the degree of stress still present in logistics networks even before the volatility caused by the Suez Canal blockage arrives. Consumer demand has continued to be the main driver of growth, with imports of leisure products and home furnishings having climbed 94.9% and 91.4% in March 2021 versu...

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