Cargo volumes will still be strong the rest of the year, but not as high as expected a month ago, | Read more…
The lower numbers are expected despite increased consumer spending, according to the Global Port Tracker report.
The first half of 2023 is now forecast at 10.4 million TEU, down 22.8% from the first half of 2022.
Volume remains high and West Coast labor contract talks continue.
The consumer demand continues and West Coast contract deadline approaches.
Consumers are still spending and the supply chain is still working to keep up, according to NRF.
Imports saw year-over-year growth as high as 65 percent in some months during 2021.
Retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers.
Retailers are doing whatever it takes to make sure shelves are well-stocked for the holidays.
Latest data shows supply chain disruptions continue.
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