US Imports Rise in April, California's Port Dominance Slips, and Poor Service Threatens Ag Export Recovery.
TL;DR
US imports are rising off their lows, with monthly imports now either at or above 2019 levels, depending on which data source you use. Several ports saw large month-on-month import gains in April, with imports from China bouncing back up to 36.8% in April from just 31.6% in March. However, the National Retail Federation struck a more cautious note, highlighting the declines versus the 2021-22 peak, the uncertainties ahead, and a reduced outlook for peak season.
Topics:businessshipping#china#container-shipping#covid-19#inventory-to-sales-ratios#shipping#us-imports
- US imports up again in April as market mirrors pre-COVID ‘normal’ FreightWaves
- California's Port Dominance Slipping as Cargo Shifts East gCaptain
- West Coast ports lost market share. Will they get it back? Marketplace
- US imports to remain 'well below' 2022 levels most of the year Lloyd's List
- Top US Shippers: Continued poor service threatens budding ag export recovery JOC.com
- View Full Coverage on Google News
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