Against the backdrop of increasing retail sales and an ongoing “pull forward” efforts by retailers to import goods in advance of new tariffs levied on products made in China, various import volume records continue to be set in 2018, according to the most recent edition of the Port Tracker report, which was released this week…
Carloads, at 279,907, saw a 3% annual increase, and intermodal units headed up 5.4% to 291,088.
A recent study conducted by the industrial real estate firm CBRE, notes that the new tariffs targeted at high-tech Chinese goods–such as industrial robots, radio transmitters, aircraft parts, computer hardware and electric cars–and is designed to put economic pressure on Beijing’s “Made in China 2025” program.
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