After US containerised imports were up 9% in January, they rose 6% in February to 2.14m teu, a higher number than most pundits expected. This points to continuing anti-gravitational energy in the US economy. Reflecting the recovery from the pandemic, the year-on-year growth in February’s imports was 23%, though the quantum remains below the best ever February of 2022 when it was 2.3m teu, and below the best month ever of May 2022 when imports stood proudly at 2.6m teu. Strong Chinese industrial...
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