It seems that on a monthly basis the seasonality of trade plays havoc with port and transportation planning. We saw some very drastic volume declines at most West Coast ports in February, in excess of 20 percent at all ports except Vancouver. That was followed by increases in March but not at the same level of change. For this we can mostly blame the Chinese Lunar New Year. But there are other factors at play. Chinese factory output data slowed markedly in April, suggesting a