As retail tonnage continues to converge to last year's levels, there is a growing agreement that the retail party is coming to an end. Associate Professor Jason Miller of Michigan State University (MSU) says: “My view is that many people believed that after the COVID-19 ‘jump,' e-commerce sales would continue...
News
The California port congestion set a new record, yet imports have yet to reach their peak
All the newest data, from anchoring statistics to forward arrivals, ocean bookings, and inventory-to-sales ratios, depicts the same picture: Congestion in the United States has never been worse - and it's only getting worse. This year's hope for relief has evaporated. CMA CGM, a French airline, is the latest in...
2021 Q4 Freight Markets: What to expect?
As stores prepare themselves for the buying season, most of the need freight has already been transported by service providers and placed in warehouses across the nation, following the peak in imports we had back in August. Yet indeed, retailers are approaching the holidays a little differently this year. First,...