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COVID-busting, consumer demand drive record high for U.S. shipping

China 2604 Cons. Discr. - Apparel 374 Cons. Discr. - Durables 346 Cons. Discr. - Retailing 311 Consumer Staples 625 Coronavirus 430 Health Care 258 Industrials - Aero/Defense 174 Industrials - Capital Goods 470 Materials - Chemicals 168 Materials - Construction 95 Materials - Metals/Mining 635 South Korea 510 Trade Balance 867 U.S. 4633 Vietnam 288

The post-lockdown surge in U.S. import activity has accelerated in October with seaborne containerized freight imports having increased by 16.8% year over year in October to a record 2.904 million TEUs. Year-to-date imports are now down by just 2.0% year over year. Healthcare products have been the fastest growing, with an expansion of 47.4%, alongside a 50.4% jump in home and personal care products as the battle against COVID-19 continues. Consumer discretionary products, led by home furnishings and appliances, climbed 31.3% higher. A marked increase in U.S. retail sales from September...

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