U.S. Retail Imports Witness Lowest Annual Total in 4 Years

Imports at major U.S. retail container ports are expected to see their lowest in 2020.
The retailers are being careful not to import more than they can sell.
U.S. ports covered by Global Port Tracker handled 1.61 million TEU in June.
That was up 4.9% from May but down 10.5%year-over-year.
July was estimated at 1.76 million TEU, down 10.2% year-over-year.
2020 is set to see a drop of 9.4% from 2019 and the lowest annual total of 19.1 million TEU in 2016.

According to an article published in...