Retail Imports Remain High as Labor Negotiations Continue
Retailers stocking up before the dockworkers’ West Coast labor contract expired contributed to retail imports setting another new record in May, inching up 3% to 2.40 million twenty-foot equivalent units, according to the NRF and Hackett Associates. Ports, however, were able to reduce congestion this spring due to the slowdown in cargo from Chinese factories that were closed by Covid-19. While the West Coast Ports’ labor agreement expired on Jul. 1, the NRF and more than 150 groups wrote to President Biden urging the administration to work with both sides to ... Log in to view full article.