The “new normal” is looking a lot like the old normal as U.S. imports continue to fall. Volumes began declining sharply in September and were already close to 2019 levels by the end of last year. They’re expected to pull even with pre-COVID numbers this month and next.
The “pandemic-driven surge [is] finally over,” said the National Retail Federation (NRF).
The NRF publishes the monthly Port Tracker report together with Hackett Associates. “Import patterns appear to be returning to what was normal prior to 2020,” said Hackett Associates founder Ben Hackett.
View entirety: Freightwaves