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December imports surprisingly high amid Panama, Suez Canal woes
With all the headlines on trade disruptions, you might have expected U.S. imports to fall in December. They didn’t, according to new data from Descartes. The U.S. imported 2,107,012 twenty-foot equivalent units of containerized goods in December, up 0.4% from November and up 9.2% year on year, said Descartes (NYSE: DSGX) on Monday. December is traditionally […]
West Coast shipping rates surge as Red Sea fallout goes global
As Red Sea disruptions intensify, container shipping spot rates are rising on the other side of the globe: for cargo shipped from Asia to the U.S. West Coast. The Red Sea crisis coincides with drought restrictions in the Panama Canal. Asian cargo bound for East and Gulf Coast ports had previously been switched from Panama to […]
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