February is shaping up to be the slowest month for imports since May of 2020. February is traditionally a slow month for logistics businesses, but reports are showing that imports are currently breaking record lows. According to data from Descartes, a company specializing in logistics tracking software, January was the highest month-on-month gain for U.S. containerize imports since last May. According Ben Hackett, founder of Hackett Associates International Trade Consulting, “In some ways, 2023 is reminiscent of 2020, when the world’s economies shut down because of the pandemic and no one had a clue where we were headed. The economy is far from shut down, but the degree of uncertainty is very similar.” An article published by Freight Waves gives insight to the low container volumes for the month so far.
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