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U.S. import growth by volume increased to 6.9% year over year in February, overcoming the downward pressure created by the Lunar New Year holiday. Asian routes drove that growth, with imports originating ports other than China up by 17.2% year over year. Chinese ports followed, increasing i... Read more →
Shipping rates continue to increase out of China, up 1.7% week to week as of the 14th. This was driven by increases in China to Europe rates, up 4.1% week to week and up 126.0% since the end of 2020. Carriers are likely enjoying these increased rates, posting increased profitability at the ... Read more →
