No rest for logistics as pandemic drives consumer, healthcare trade activity

China 2731 Cons. Discr. - Apparel 404 Cons. Discr. - Durables 391 Cons. Discr. - Retailing 357 Consumer Staples 669 Coronavirus 472 European Union 706 Health Care 292 Industrials - Capital Goods 507 Materials - Chemicals 187 Materials - Packaging 32 Trade Balance 890 U.S. 4856

The U.S. logistics industry has continued to face pressure from surging seaborne imports with a 20.0% year over year increase in all shipments and a 15.7% rise in containerized freight. Clearing existing backlogs is one reason for the growth, with the 2.80 million TEUs (20-foot equivalent container units) of imports in January being the second highest monthly total on record. Imports from China led the expansion in January with growth of 22.7% while imports from Europe accelerated to a 19.1% rise. The impact of the pandemic is still a major driver. At the industry level it can be seen in...

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