U.S. Seaborne Imports Surging as Retailers Stock Up Early
By Erica E. Phillips and Benjamin Din | July 17, 2018 5:42 p.m. ET
LOS ANGELES—Cargo streamed into U.S. seaports at a rapid rate in June, as businesses pulled in goods in an apparent rush to stock up ahead of new tit-for-tat tariffs between the U.S. and China.
Container imports at California’s ports of Los Angeles and Long Beach, Calif., the biggest U.S. gateway for seaborne trade, rose 8.4% in June from the same month a year ago, reaching 767,059 20-foot equivalent units, a standard measure for container cargo. The growth marked an acceleration from the spring, and a booming early start to the seasonal shipping surge that typically peaks from July to September.
“Peak season has come early, so to speak,” said Mario Cordero, executive director of the Port of Long Beach, Calif., the nation’s second-largest container port.
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