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July11, 2016

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ARE HIGH INVENTORIES THE NEW NORMAL? Some signs indicate a long-awaited destocking is under way, but shipper visibility must improve for the drawdown to become a long-term trend DELIVERING GLOBAL TRADE AND LOGISTICS INTELLIGENCE | S I N C E 1 8 2 7 2016 V.17 N.14 $15.00 July11 THE JOURNAL OF COMMERCE www.joc.com Bracing for Brexit | Customs Roll Call | Special Reports: Latin America Trade and Logistics; Trans-Pacifi c Carriers and Ports; Cool Cargoes

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