U.S. Import Cargo Volumes Expected to Slow After Hitting 2023 Peak

Import cargo volumes for the U.S.'s major container ports are expected to slow down during the holiday season, according to the National Retail Federation's (NRF) report. In August, ports handled 1.96 million TEU, a 13.5% decrease from the previous year. The NRF attributes this slowdown to retailers stocking up early to prepare for potential supply chain labor issues. The NRF predicts a 13.5% decrease in cargo volumes for 2023 compared to 2022.

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Frequently Asked Questions

Q: When are U.S. import cargo volumes expected to slow down?

A: U.S. import cargo volumes are expected to slow down after hitting their peak in 2023.

Q: What is the reason for the expected slowdown in U.S. import cargo volumes?

A: The reason for the expected slowdown in U.S. import cargo volumes is not mentioned in the search results.

Q: Has import cargo volume already hit its peak for the year?

A: Yes, import cargo volume at the nation's major container ports has already hit its expected peak for the year.

Q: Are retailers expecting a decrease in U.S. import cargo volumes?

A: Yes, retailers are expecting a decrease in U.S. import cargo volumes.

Q: Are freight rates affecting U.S. container imports?

A: Yes, freight rates are impacting U.S. container imports, and as a result, imports are expected to fall.

Q: What is the expected decrease in U.S. import cargo volumes for the second half of 2022?

A: The forecast projects a 2.9% decrease in U.S. import cargo volumes for the second half of 2022.

Q: Are imports missing the mark according to a retailer group?

A: Yes, according to a retailer group, import cargo volume at the nation's major container ports has already hit its expected peak for the year and is gradually slowing down.

Q: Is trade growth expected to slow in 2023?

A: Yes, trade growth is expected to slow sharply in 2023 according to the WTO.

Q: Have ocean freight prices been decreasing since the spring of 2022?

A: Yes, ocean freight prices have been decreasing since the spring of 2022.

Q: What is the forecast for North American domestic volume in August 2023?

A: The forecast for North American domestic volume in August 2023 is not mentioned in the search results.