Shipping surge extends into February as consumer, pandemic needs remain high — Panjiva
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Shipping surge extends into February as consumer, pandemic needs remain high

China 3048 Cons. Discr. - Apparel 530 Cons. Discr. - Autos 1247 Cons. Discr. - Durables 574 Consumer Staples 805 Corp - Forwarders 347 Corp - Ports 909 Corp - Shipping 1026 European Union 878 Health Care 362 Industrials - Capital Goods 620 Info Tech - Tech Hardware 862 Japan 629 Materials - Metals/Mining 792 Trade Balance 935 U.S. 5399

The surge in U.S. inbound shipping continued in February, with total seaborne imports up by 29.3% year over year while containerized freight improved by 20.0%. Both are somewhat distorted by the timing of the lunar new year holiday in 2020, though growth for January and February combined in containerized freight was a still considerable 17.9%. That provides little reprieve for hard-pressed logistics operators who are still working through earlier backlogs. Shipments from China rose by 36.0% year over year in January and February combined while those from Asia ex-China rose by just 7.2%. ...

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