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Lot's of discussion here about how congestion might help US industry. I think that's backwards, high shipping rates seem to be a sign that more things are being
by gpm 6y ago
Lot's of discussion here about how congestion might help US industry. I think that's backwards, high shipping rates seem to be a sign that more things are being imported from oversees instead of created locally than normal. This seems like a bad thing
> He noted that January trans-Pacific imports were up 10% versus 2019 (comparisons to 2020 numbers are skewed by COVID) and 13.5% in February, then jumped 51% in March. “So, we’re now at 1.5 times pre-pandemic levels.”