Day: August 19, 2024

US retailers do not anticipate a slowdown in imports for the second half of 2024, driven by a near-record surge in August as retailers fast-track shipments ahead of potential longshore labor strikes at East and Gulf Coast ports. Despite earlier predictions that imports would taper off due to front-loading of cargo earlier this year, the

Hapag-Lloyd CEO Rolf Habben Jansen has raised concerns about the growing likelihood of a longshore strike that could close ports along the U.S. East and Gulf coasts, noting that the risk has increased since earlier in the year. Shippers have already responded by frontloading cargo in anticipation of possible disruptions. The potential strike revolves around