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News / Global Logistics

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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2018 GRI PSS LSF Rates

Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

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

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NRF 2018 Import Cargo Volume Graph

Retail Imports Slow Down from Peak but Remain Strong Ahead of Tariff Increase

Source: National Retail Federation

Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Part of this is driven by consumer demand in the strong economy but retailers also know that tariffs on the latest round of goods are set to more than double in just a few weeks. If there are shipments that can be moved up, it makes sense to do that before the price goes up.”

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GRI PSS Rate Increase

Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

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

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Import Cargo Volume

With Supply Chains Difficult to Change, Retail Imports Remain Strong after Latest Round of Tariffs

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to remain at near-record levels this month despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Retailers are continuing to import merchandise in order to meet consumer demand even though tariffs are now in place on roughly half the goods imported from China and the trade war is still escalating,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are doing their best to mitigate the impact on their customers, but they are not able to quickly or easily change their sourcing. That means these tariffs will eventually mean higher prices for American consumers.”

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Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

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

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Tariff “Wild Card” Threatens Retail Imports

Source: National Retail Federation – September 10, 2018

With retail sales continuing to grow, imports at the nation’s major retail container ports are expected to remain strong this month after setting three new records this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“More tariffs could come any day, and retailers have been bringing in record amounts of merchandise ahead of that in order to mitigate the impact on their customers,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retail sales are growing stronger than expected this year thanks to tax cuts and job creation, but tariffs are the wild card that threaten to throw away a significant portion of those benefits.”

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GRI And PSS Chart

Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS) – August 30 Update

The following are the announced levels for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS) from carriers. Includes announced GRI effective October 15, 2018.

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Transpacific GRI and PSS Oct 1

Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

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

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National Retail Federation Chart

Retail Imports Set Multiple New Records Ahead of Tariffs

Source: National Retail Federation

With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Tariffs on most consumer products have yet to take effect but retailers appear to be getting prepared before that can happen,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’re seeing new record levels every month this summer. Much of that is to meet consumer demand as tax reform and a thriving economy drive retail sales, but part of it seems to be concern over what’s to come. The good news for consumers is that avoiding tariffs holds off price increases that will inevitably come if the reckless and misguided trade war is allowed to continue.”

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