Shipments to U.S. Ports Soar on Rising Retail Demand, Trade Worries
By Erica E. Phillips | June 20, 2018 4:58 p.m. ET
LOS ANGELES—The increase in consumer spending and growing concern among manufacturers and retailers over changes to U.S. trade policy are leading to a surge in cargo volume at U.S. seaports.
In the first half of the year, retail imports shipped to major U.S. ports are expected to reach 10.2 million 20-foot equivalent units, a standard measure for container cargo—an increase of 3.8% over the same period last year, according to the National Retail Federation.
Strong economic growth is pushing more goods through supply chains, straining U.S. logistics providers from truck fleets to warehousing operations. Volume also is surging as companies, anticipating the coming changes to U.S. trade policy, have ramped up orders for parts and products from their overseas manufacturers to reduce the financial impact of new tariffs.
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