U.S. container import demand has plummeted over the past month, with year-over-year declines in both inbound ocean freight and truckload markets, according to the latest data from FreightWaves. The Inbound Ocean TEUs Volume Index (IOTI.USA) and Outbound Tender Volume Index (OTVI.USA) both posted double-digit drops, while intermodal rail volumes (ORAILL.USA) showed modest resilience, down just 5%.

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Data from the IndexBox platform further highlights the impact of recent tariffs, showing a 42% decline in containerized import bookings from China to the U.S. in April following a 145% tariff hike. With China accounting for over 30% of U.S. container imports, the disruption has rippled across domestic freight markets, accelerating traditional peak season activity by one to two months.

The early surge in imports suggests intermodal volumes could peak earlier than usual, particularly for international containers. However, the Logistics Managers Index (LMI) indicates a potentially diffused peak as shippers hold inventory upstream to avoid higher storage costs. Several carriers have already announced peak season surcharges for September, which may influence freight movement if capacity remains available.

Trucking demand remains sluggish, with little expectation of a near-term rebound unless consumer spending unexpectedly accelerates. Meanwhile, economic uncertainty—including trade policy shifts and interest rate fluctuations—continues to cloud supply chain planning for 2025, leaving businesses vulnerable to logistical disruptions during the holiday season.

Source: IndexBox Market Intelligence Platform