February Marks Lowest Imports Since 2020
February is shaping up to be the slowest month for imports since May of 2020. February is traditionally a slow month for logistics businesses, but reports are showing that imports are currently breaking record lows. According to data from Descartes, a company specializing in logistics tracking software, January was the highest month-on-month gain for U.S. […]
Imports Remain High While Inventories Stagnate
Commerce giants like Walmart and Target have recently gone on record to say that they’ve canceled billions of dollars in orders to help align their inventories with expected demand. Regardless, U.S. import activities remain at all-time highs. According to data released by Descartes, the world’s largest database of import trade statistics, U.S. imports were up […]
Ports Pleading to Lift Tariffs
The Biden administration is facing pressure to lift trade tariffs imposed by the previous Trump administration. The trade association along with several high-profile manufacturers have sent letters imploring the administration to lift tariffs in attempts to provide immediate relief from record-high shipping costs. While the Biden administration has stated that they are in the process […]
