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North America sees 20.4pc container volume growth in October

DENMARK's Sea-Intelligence Sunday Spotlight reported a 20

28 December 2020 - 05:42
DENMARK's Sea-Intelligence Sunday Spotlight reported a 20.4 per cent cargo volume growth in October 2020 in North America.

There appears to be a mismatch between container volume growth and total sales growth in October 2020, which was only 2.2 per cent, said the report.



Retail grew by 8.3 per cent in October, outgrowing the other two sub-categories and making it clear that it was the driver of sales in the US.



However, rebuilding inventories to pre-pandemic levels would mean an increase of import volumes of an additional 21 per cent.


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