Import Volumes to Sit Below 2022 for the Majority of the Year
The Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates showed import cargo volume at major U.S. ports rising from three-year lows in February.
Despite the uptick in imports, the report expects import volumes to remain well below 2022 levels heading into the fall.
“Consumers are still spending and retail sales are expected to increase this year, but we’re not seeing the explosive demand we saw the past two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Congestion at the ports has largely
To Read Full Story Login Below.