US Containerized Imports Rise Continue to Rise
The number of twenty-foot cargo containers (TEUs) landing at US ports in January totaled more than 1.475 million, a year-over-year increase of 4.1% and an increase of 11% over December imports. January makes the 3rd consecutive month of containerized import…
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The number of twenty-foot cargo containers (TEUs) landing at US ports in January totaled more than 1.475 million, a year-over-year increase of 4.1% and an increase of 11% over December imports. January makes the 3rd consecutive month of containerized import growth at US ports.
Auto parts imports rose 19% and furniture imports rose 6%. The Journal of Commerce noted:
Imports from Asia continued to rise, up 2.9 percent in January, with shipments from China climbing the most, up 2 percent to 709,410 TEUs. [The author] forecasts a 2.5 percent increase in U.S. imports from Asia throughout 2012. Also of note, imports from Mexico grew 68 percent for this period.
The press release is available here.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
