United States-bound containerized freight imports continued to trend in the right direction in March to end the first quarter, according to data recently issued by S&P Global Market Intelligence, with March growing for the seventh consecutive month, following a 14-month stretch of annual declines.
March imports, at 2.489 million TEU (Twenty-Foot Equivalent Units), posted a 16% annual gain, and first quarter imports, at 7.537 million TEU, rose 15% annually, amid various supply chain disruptions.
Looking at the first quarter, the firm observed that growth was paced by industrial sector activity, ranging from steel to paper, for a collective 20% annual gain, whereas consumer goods shipments rose 8%, home and personal care was up 16%, and consumer electronics and apparel up 3% and 6%, respectively.
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Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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