The surge in U.S. inbound shipping continued in February, with total seaborne imports up by 29.3% year over year while containerized freight improved by 20.0%. Both are somewhat distorted by the timing of the lunar new year holiday in 2020, though growth for January and February combined in containerized freight was a still considerable 17.9%. That provides little reprieve for hard-pressed logistics operators who are still working through earlier backlogs. Shipments from China rose by 36.0% year over year in January and February combined while those from Asia ex-China rose by just 7.2%. ...
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