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There have been record-high levels of imports over the past several months, primarily due to raised inventories ahead of expected tariff increases. But we are projecting declining volumes in the coming months and an overall weakness in imports for the first half of the year.
Hackett Associates founder Ben Hackett
The World Container Index, assessed by Drewry and a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, is up 14.1 percent to $1,792.96 per 40-foot container as of Jan. 3.