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FILA Finds Its Way to Growth, IKEA Cuts as Baltimore Prepares to Expand

China 2097 Cons. Discr. - Apparel 274 Cons. Discr. - Durables 181 Corp - Ports 721 Mode - Seaborne 1405 U.S. 3828

The Maryland Port Authority has started investments to increase capacity at the port of Baltimore. That’s followed steady but slowing growth which has seen container handling rise 5.5% year over year in the 12 months to Jun. 30, down from a 7.3% annualized rate in the previous three years. Reduced imports from China – which fell 1.0% year over year in the 12 months to Jun. 30 and dropped 4.9% in 2Q – are to blame for the slowdown in growth, though imports from the rest of Asia and from Europe have compensated. While the outcome of the U.S.-China trade war remains uncertain, there’s alrea...

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