US retailers make big upgrade in H1 import forecast amid carrier capacity boost
Ocean carriers are confident in US consumer buying, launching or restarting 11 services for trans-Pacific and north-south trades. A temperature-controlled truckload and LTL service will connect key facilities in its North American cold-chain distribution network. The railroad anticipates a revenue impact of $50-100 million in the second quarter due to the Port of Baltimore closure after the Francis Scott Key Bridge collapse.
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FAQ on US Retailers Import Forecast Upgrade
Frequently Asked Questions (FAQs) on US Retailers Import Forecast Upgrade
FAQ 1: Why did US retailers make a big upgrade in their H1 import forecast?
Answer: US retailers upgraded their import forecast for the first half of the year due to strong consumer demand and carrier capacity boost. The upgrade comes despite a string of disruptions that have affected the global shipping industry.
Source: JOC.com
FAQ 2: What is the expected percentage increase for US imports in March following the forecast upgrade?
Answer: Following the forecast upgrade, US imports in March are now expected to increase by 8.8%, up from the 5.5% growth that was anticipated in the previous month's report.
Source: LinkedIn Pulse
FAQ 3: Are there any specific regions contributing to the growth of US import container volumes?
Answer: Yes, a boom in sourcing from India has been driving US import container growth, contributing to the increase in forecasted imports.
Source: JOC.com
FAQ 4: What is the impact of the carrier capacity boost on US retailers?
Answer: The carrier capacity boost allows US retailers to adjust their import strategies and projections to meet enduring consumer demand, despite the global shipping challenges they face.
Source: LinkedIn Pulse
FAQ 5: How has the contract floor for Asia service been set by top US retailers for 2023-24?
Answer: The top US retailers have set the contract floor for Asia service contracts significantly higher for the 2023-24 period.
Source: JOC.com
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