February Retail Imports to Drop on Coronavirus and Extended CNY
The prolonged Lunar New Year factory shutdowns caused by the coronavirus outbreak are expected to send Feb. retail imports down 12.9% year-over-year to 1.41 million Twenty-Foot Equivalent Units and March down 9.5% to 1.46 million TEU, according to the NRF’s PortTracker. December imports came in at 1.72 million TEU, down 12.4% from last year’s rush to land goods ahead of Jan. 1 tariffs that were ... Log in to view full article.
