Better-Than-Expected Traffic Boosts Eastbound Trans-Pacific Trade Forecast

Journal of Commerce Economist Mario Moreno upgraded his forecast for the eastbound trans-Pacific lane to 3 percent growth to a total of 13.1 million TEUs. Better-than-expected traffic in the first quarter was the major driver in the upgrade — issued in the June report of Container Shipping Outlook — from the forecast of 2 percent growth made at the TPM conference in Long Beach in March. “China was the region’s best performer sending 4.9 percent more volume or nearly double the four-quarter moving average rate of growth to U.S. ports than in the same period last year,” he said.

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