Retail Imports Fall Short of Forecast
July retail imports increased 14% year-over-year to 2.19 million Twenty-Foot Equivalent Units, according to the NRF and Hackett Associates, falling short of the 2.22 million prediction as Covid-related disruption impacted throughput. Port closures in Asia and continued delays getting ships landed in West Coast ports contributed to the slowdown. Imports are forecast to increase by 8% in Aug. to 2.27 million, which will be the busiest on record, but some cargo may ... Log in to view full article.
