Imports Remain High While Inventories Stagnate
Commerce giants like Walmart and Target have recently gone on record to say that they’ve canceled billions of dollars in orders to help align their inventories with expected demand. Regardless, U.S. import activities remain at all-time highs. According to data released by Descartes, the world’s largest database of import trade statistics, U.S. imports were up […]
What is the Driving Factor Behind Container Price Gains?
Freight rates, in addition to other rates across several industries, have been fueled by the invasion of Ukraine by Russia, as well as a global uptick in demand in a post-Covid economy for diesel, gasoline, and jet fuel. Gas prices are coinciding with a profit boom for the owners of tankers that carry petroleum products. […]