Retail Imports Remain Strong, but Port Delays Declining
Port congestion has begun to ease over the past several months, but could experience another surge this summer, according to the NRF and Hackett Associates, as Feb. retail imports hit 2.11 million twenty-foot equivalent units, a 13% increase from 2021. Ports aren’t as overwhelmed as they were a year ago, but still moving near-record volume, despite factories in parts of Asia closing for the Lunar New Year. Mar. retail imports were estimated at 2.27 TEU, unchanged from last year, and Apr. is forecasted at ... Log in to view full article.