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Busiest US ports absorb import surge nearing pandemic-era frenzy

Economic Times LogoEconomic Times8h ago

Busiest US ports absorb import surge nearing pandemic-era frenzy - Economic Times

Quick Summary:

Despite growing capacity constraints, port efficiency remained high, reflecting strong consumer demand and strategic stockpiling by businesses.

Asked whether he sees a recession on the horizon, the chief executive of the world’s No.5 container carrier said not according to his bookings.“All of us were surprised by the strong demand that we’ve seen since the first of May,” Rolf Habben Jansen, CEO of the German container carrier Hapag-Lloyd AG, said in an interview with Bloomberg Television last week.“That’s actually still continuing well into the third quarter.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 09:53:11 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1854 words

Reading Time: 11 minutes read

Sentences: 43 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22132187

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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