The weak import numbers come as the National Retail Federation is projecting record holiday sales in the US of more than $1 trillion for the first time, up between 3.7% and 4.2% from 2024.
After 27 consecutive months of plus-40% year-over-year growth, China’s total cross-border e-commerce sales were flat in October, according to Xeneta.
A former DOT deputy assistant secretary in the Biden administration says tradable, guaranteed slot reservations would create a scenario enabling greater efficiencies for both shippers and carriers.