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Plus, a tornado devastated a FedEx facility in Michigan, Costco received Tesla Semis, and US-Mexico trade reached $200 billion in Q1.
Despite Red Sea tensions and canal hiccups, U.S. ports are pulling off some solid cargo numbers.
U.S. container ports have been smashing it despite a backdrop of global disruptions, including violence in the Red Sea and delays through the Suez and Panama canals. We’re talking 1.87 million TEUs in December alone, up 8.3% from the year prior.
Here are the details:
"U.S. retailers are working to mitigate the impact of delays and increased costs," says Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy.
The NRF is betting on a moderately strong 2024 kick-off, expecting a 5% bump in import container volumes for the first half compared to last year.
Sources: Supply Chain XChange | gCaptain | The Maritime Executive
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