Retail Imports Forecast to Tumble in March
Production and logistics impacts from factory shutdowns and travel restrictions in China will see March retail imports fall to just 1.32 million Twenty-Foot Equivalent Units, down 18.3% from last year, according to the NRF’s Port Tracker. That estimate has been revised downward twice from the original 1.70 million TEU forecast before the coronavirus hit. January imports were down 3.8% to 1.82 million TEU, and the estimate for Feb. was a 12.6% decline to 1.42 million TEU. The forecast for Apr. was ... Log in to view full article.