Imports Set Record in August

The National Retail Federation reported last week that U.S. ports handled 2.1 million 20-foot-equivalent units (TEUs) in August, a 9.7 percent increase from July and an 8 percent rise over 2019.

August saw the highest number of containers imported in a single month since the group began tracking imports in 2002.

The previous record was 2.04 million in October 2018 ahead of a scheduled tariff increase, NRF said in a news release.

Imports set records last summer as retail sales rebounded bounced back from the pandemic and merchants refilled inventories and stocked up early for the holiday season.

Jonathan Gold, NRF vice president for supply chain and customs policy said retailers are stocking up for the holidays earlier than usual because they expect consumers will shop early to avoid crowds and delays in receiving their orders.

Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: