Retail Imports Set to Slow After Record Year
Retail imports, which started the first half of the year on fire, finished 2022 with a total of 25.5 million Twenty-Foot Equivalent Units, down 1.2% from the record breaking 25.8 million TEU set in 2021, the NRF and Hackett Associates reported. In an uncertain economy, retailers pulled back in the second half of the year as consumer demand waned due to high interest rates and inflationary pressures. In Dec., retail imports declined ... Log in to view full article.