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New York cheered by booze imports as U.S. port activity reaches record high

Consumer Staples 589 Corp - Ports 775 Mode - Containerized 1230 Mode - Seaborne 1558 U.S. 4472

Containerized freight import activity through U.S. seaports reached a record 2.71 million TEUs in August after a 5.9% year over year increase that was driven by a surge in shipments from China. The latter resulted in a 12.7% jump in shipments to the ports of LA and Long Beach. Other west coast ports did less well with imports to Seattle and Tacoma down by 2.7% due to weaker shipments from Canada. On the east coast Newark / New York was the best performing large port with a 15.1% rise in August reversing an 11.9% slide in the prior three months. Shipments to New York from China rose by 11...

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