Is the Shipping Industry Ever Going to Normalize in 2021?
MTS Logistics
MARCH 19, 2021
Despite the record low levels of equipment availability, space issues, low service reliability, and all-time high freight rates, North American demand for containerized imports continues to break new records, further fueled by the recent $1.9 trillion U.S. federal stimulus package. When we look at import volumes in 2020 through February, total U.S. imports from Asia rose 17.5 percent to just shy of 12.6 million TEUs compared with the same eight-month period a year prior, including a 27.3 percent
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