Mike Shedlock

I received some interesting shipping data points from a friend in the shipping industry. Data points are from reportedly from American Shipper and Zepol.

US Imports Fell 7.4% Year-Over-Year

·                           U.S. import shipment volume for June 2011 dropped 7.4% from June 2010

·                           TEUs, decreased 4.6% from the previous month

·                           Total number of U.S. bound shipments fell over 6% from June 2010.

·                           Year to date, U.S. import volume is up 4.8 percent.

·                           June decrease largely due to a nearly 6% decrease in shipments from Asia

·                           China shipments fell 5.8%

·                           Japan shipments increased 2.5%

·                           Shipments from Central America fell 4.9%

·                           Shipments from South America fell 7.6%

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.