US Imports Set to Rise after a Solid 2016
Despite surplus inventory levels, lower consumer spending, Hanjin Shipping’s collapse and several other detrimental factors, US containerized imports maintained an upward trend in 2016, rising an estimated 3.6% for a record of 20.4 million 20-foot equivalent units. Mario Moreno, senior economist for the IHS Maritime & Trade, reports an expected increase in imports in 2017,…