Retail Imports Surge In Advance of Labor Negotiations
Retail cargo imports set another new record in Mar., inching up 3% from last year and 11% sequentially from Feb., to 2.34 million twenty-foot equivalent units, according to the NRF and Hackett Associates. Retailers imported record amounts to meet consumer demand, but the race to stock up before inflation drives costs higher and protect them against potentially rising freight costs was also an incentive. Too, retailers are preparing for disruptions of the West Coast Ports as the current labor agreement expires Jul. 1, ... Log in to view full article.