Retail Imports Plunged 13% Last Year
December retail imports at U.S. container ports increased 8% to 1.87 Twenty-Foot Equivalent Units, falling a bit short of already revised down projections from the NRF and Hackett Associates. That brings the total for 2023 to 22.3 million TEU, down almost 13% from 2022, as overstocked retailers and brands spent the year backpedaling on orders. Looking ahead, the NRF doesn’t see much impact from rerouting cargo ships to ... Log in to view full article.
