Their report earlier this month said September container imports, measured in 20-foot-equivalent units, were down 11% year-over-year and were off 12.4% from August, an unusually sharp falloff in the months considered the height of the peak shipping season. Container imports from China, where manufacturers of goods including furniture, toys and electronics stuff boxes bound for U.S. retailers, tumbled 18.3% from August to September.
The slowdown in imports is already hitting rail volumes. Average weekly loads carried in intermodal operations, a combined truck-rail service favored by retailers, fell 4.8% year-over-year in September, according to the Association of American Railroads. The volume was also 5.4% below August levels.FTR Transportation Intelligence said in a report Monday issued through Truckstop.
Mr. France said his ocean rates alone were down to about $5,000 from $15,000 a year ago. “Talk to me tomorrow,” Mr. France said, “it may be lower.“Warehouses are taking over Loop 303 near Phoenix, a city that leased 16 million square feet of industrial real estate in the first half of the year, as companies look to shift how they move goods to avoid supply-chain bottlenecks.
Good less consumption and spending for once.
How did analysts not anticipate the holiday s bubble moving up 2 months as a natural, predictable response to last year? You don’t have to be in distribution or retail to notice Christmas and Thanksgiving merch was already on shelves by early October along with Halloween.
“Let’s sell lots of shit”. “No wait. Inflation. Let’s stop selling shit”. Make up your minds.
Always look to transport to see where economy is going.
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