Walmart said Tuesday that it had “canceled billions of dollars in orders to help align inventory levels with expected demand.” Target disclosed the following day that it had canceled over $1.5 billion in orders, and revealed that it had shipped in much of its back-to-school goods early.
Nevertheless, U.S. import activity keeps chugging along near all-time highs.
Unprecedented throughput at the nation’s terminals has not been enough to clear queues of waiting ships. As of Thursday morning, there...
https://www.freightwaves.com/news/despite-billions-in-canceled-orders-container-imports-stay-high