News / Industry News

Retail Imports Drop to Annual Low with Retailers Between Seasons and Tariff Hike on Hold

Source: National Retail Federation March 8, 2019

With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are also taking a break from the rush to bring merchandise in ahead of tariff hikes now that the increase that was scheduled for March has been delayed. We are hoping that the delay is permanent and, better yet, that tariffs of the past year will be removed entirely. But either way, imports will start to build up again soon as retailers prepare for the summer.”

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February 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – March 1, 2019

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 118th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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GRI PSS LSF March 1 Chart

Transpacific General Rate Increases (GRI), Peak Season Surcharges (PSS), and China Low Sulfur Surcharges (LSF)

The following are the announced levels for upcoming General Rate Increases (GRI), Peak Season Surcharges (PSS), and China Low Sulfur Surcharges (LSF) from carriers.

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NRF Import Cargo Volume Report

Retail Imports Still Strong as Possible March Tariff Hike Approaches

Source: National Retail Federation – February 11, 2019

Imports at the nation’s major retail container ports have dipped since peaks seen last fall but remain at higher-than-usual levels as a possible increase in tariffs on goods from China approaches in March, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With trade talks with China still unresolved, retailers appear to be bringing spring merchandise into the country early in case tariffs go up in March,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We are hopeful that the talks will succeed, but until the trade war is behind us, retailers need to do what they can to mitigate the higher prices that will inevitably come with tariffs.”

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MIQ Logistics January 2019 Manufacturing ISM Report On Business

January 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – February 1, 2019

Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 117th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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2019 GRI PSS LSF MIQ rates

Transpacific General Rate Increases (GRI), Peak Season Surcharges (PSS) and China Low Sulfur Surcharges (LSF)

The following are the announced levels for upcoming General Rate Increases (GRI), Peak Season Surcharges (PSS) and China Low Sulfur Surcharges (LSF) from carriers.

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MIQ NRF Graph

Retail Imports Level Off after Rush to Beat Tariffs

Source: National Retail Federation

Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With the holiday season behind us, the immediate pressure to stock up on merchandise has passed but retailers remain concerned about tariffs and their impact on the nation’s economy,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers have also brought in much of their spring merchandise early to protect consumers against higher prices that will eventually come with tariffs. Our industry is hoping the talks currently under way will bring an end to this ill-advised trade war and result in a more appropriate way of responding to China’s trade abuses that won’t force American consumers, workers and businesses to pay the price.”

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ISM December 2018 Graph

December 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – January 3, 2019

Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 116th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business® .

Read More


2018 Dec GRI PSS LSF Report

Transpacific General Rate Increases (GRI), Peak Season Surcharges (PSS), and China Low Sulfur Surcharges (LSF)

The following are the announced levels for upcoming General Rate Increases (GRI), Peak Season Surcharges (PSS), and China Low Sulfur Surcharges (LSF) from carriers.

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NRF Monthly Import Cargo Volume

Monthly Imports Reach 2 Million Containers for First Time as Retailers Continue Rush to Beat Tariffs

Source: National Retail Federation

Imports at the nation’s major retail container ports have set another new record, reaching 2 million containers in a single month for the first time as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“President Trump has declared a temporary truce in the trade war, but these imports came in before that announcement was made,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed. China’s abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer.”

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