November Retail Imports Were Much Lower than Expected
Though the container ships had sailed long before the Phase One trade deal with China was announced, the forecast surge in Nov. retail imports failed to materialize, according to the NRF’s PortTracker. Just 1.67 million Twenty-Foot Equivalent Units came through West Coast ports in the month, down 7.5% year-on-year and well below the 1.95 million TEU estimate. The Dec. forecast was revised downward to 1.70 million TEU, ... Log in to view full article.