Air conditioning equipment manufacturer Trane reported a 0.7% year over year increase in revenue in Q3’20. COO David Regnery noted the firm is “not seeing any constraints in our supply” as the firm “reconfigured all of our factories” as far back as March. The firm may be utilizing both onshoring and reshoring strategies. Total U.S. seaborne imports linked to the firm dropped by 49.0% year over year in Q3, including a 65.7% slide in shipments from China. Signs of stockpiling in 2019 likely led to imports of air conditioners dropping by 77.2% in Q3’20...