Retail Imports Surge Despite Congestion
Retail cargo imports set another new record in Mar., growing 65% from last year and 21% sequentially from Feb., to 2.27 million twenty-foot equivalent units, according to the NRF and Hackett Associates. The recovering economy and government stimulus payments are both contributing to consumers’ insatiable demand, which is expected to drive H1 imports up by 34% compared to last year. Port disruption and congestion has begun to ease as more ships are diverting to the Pacific Northwest ... Log in to view full article.