高盛：关注货运 -三大港口数据略低于季节性水平；贸易不确定性可能引发波动

21 May 2025 | 10:53AM EDT Americas Transportation: Eye on Freight: "Big Three" Ports Somewhat Lower Than Seasonality; Trade Uncertainty Could Create Volatility The "Big Three" West Coast Ports (L.A., Long Beach, and Oakland) reported April 2025 traffic – with combined inbound loaded containers +9.5% y/y, which is above the pre-pandemic five-year average of +1% y/y. Sequentially, the combined data was up +10% m/m, which is below the 5-yr average (typically +12% m/m, Exhibit 1). Focus on JBHT and UNP for West ...