Retail Imports Remain at Near-Record as Port Negotiations Loom
After a record setting Mar., retail imports inched down 4% to 2.26 million twenty-foot equivalent units coming through U.S. ports in Apr., according to the NRF and Hackett Associates, but were up 5% from last year. Imports are expected to surge this month as retailers work to meet strong consumer demand and protect themselves against a potential West Coast port disruption if labor negotiations turn ugly. Back-to-school is already in full swing and imports from China should increase now that the government has relaxed its strict Zero-Covid ... Log in to view full article.