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NRF: February Imports to Hit Lowest Point in 3 Years

Import cargo volume is expected to drop to its lowest level since the pandemic began according to the National Retail Federation (NRF) and Hackett Associates’ Global Port Tracker report.

“With the U.S. economy slowing and consumers worried by rising interest rates and still-high inflation, retailers are importing less merchandise,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “February is traditionally a slow month, but these are the lowest numbers we’ve seen in almost three years. Retailers are being cautious as they wait...

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