Panjiva data points to import gains but outlook remains muddled

United States-bound July shipments—at 1,059,070—were off 5.8% annually and are down 3.9% year-to-date, at 6,845,061. Despite the declines, Panjiva said the 3.7% TEU decline represented the slowest rate of decline going back to January and is an improvement compared to June’s 8.4% annual decline. What’s more, it marked a 16% increase, from June to July, with the firm noting that is the fastest start to a peak season since at least 2007 and “is indicative of a broad-based recovery in supply chains in the wake of COVID-19.”
Source: logistics Mgmt