U.S. Imports Expected to Set New Record Ahead of Tariffs and Cost Increases
Import levels into the United States are running at record levels as U.S. retailers and manufacturers rush to get goods into the ports ahead of expected tariffs and cost increases. Volumes at U.S. ports are at levels last seen in May 2022, when the economy was rebounding from the COVID-19 pandemic. Volumes topped 2.4 million TEU in June, according to data from Descartes Systems Group, a supply chain technology provider. It reports a better than eight percent increase versus a...
Continue Reading...
Loading More news