Surge of imports to US continues as possible East Coast port strike looms

Reuters09-11

By Lisa Baertlein LOS ANGELES (Reuters) - Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466946116?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/r81psmAAqcNkK1zgV.jT5Q--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/aad9748b20d5e16efb20e84eb3d52a63","is_english":true,"pubTime":"2024-09-11 01:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2466946116","market":"us","top_or_hot":-1,"title":"Surge of imports to US continues as possible East Coast port strike looms","media":"Reuters","content":"<div>\n<p>By Lisa Baertlein \n LOS ANGELES (Reuters) - Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/surge-imports-us-continues-possible-173148226.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Surge of imports to US continues as possible East Coast port strike looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSurge of imports to US continues as possible East Coast port strike looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-11 01:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/surge-imports-us-continues-possible-173148226.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Lisa Baertlein \n LOS ANGELES (Reuters) - Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/surge-imports-us-continues-possible-173148226.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMKAF","symbol_name":"A.P. Moeller-Maersk A/S","start_time":0,"source_url":"https://finance.yahoo.com/news/surge-imports-us-continues-possible-173148226.html","article_id":"2466946116","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/r81psmAAqcNkK1zgV.jT5Q--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/aad9748b20d5e16efb20e84eb3d52a63"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466946116","pubTimestamp":1725989508,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"LOS ANGELES  - Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a threatened longshore worker strike on the East Coast and Gulf of Mexico on Oct. 1, trade data provider Descartes Systems Group said on Tuesday.U.S. seaports processed almost 2.5 million 20-foot equivalent units in August. That was 3% less than in July, when imports hit a 26-month high. Volume above 2.4 million TEU created bottlenecks and cargo backups in the early days of the pandemic, according to Descartes, a supply-chain software provider.The International Longshoremen's Association represents 45,000 dock workers at three dozen U.S. ports from Maine to Texas and handles almost half of the nation's ocean trade.ILA said last week its members are prepared to hit the streets if they do not have a new contract with the United States Maritime Alliance  employer group in place when the current six-year agreement expires on Sep","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMKAF":"A.P. Moeller-Maersk A/S","AMKBY":"A.P. Moeller-Maersk A/S","AMKBF":"A.P. Moeller-Maersk A/S","BK4021":"海运"},"translate_title":"随着东海岸港口罢工的临近，美国进口继续激增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMKAF":0.9,"AMKBF":0.9,"AMKBY":0.9},"content_text":"By Lisa Baertlein \n LOS ANGELES (Reuters) - Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a threatened longshore worker strike on the East Coast and Gulf of Mexico on Oct. 1, trade data provider Descartes Systems Group said on Tuesday. \n U.S. seaports processed almost 2.5 million 20-foot equivalent units in August. That was 3% less than in July, when imports hit a 26-month high. Volume above 2.4 million TEU created bottlenecks and cargo backups in the early days of the pandemic, according to Descartes, a supply-chain software provider. \n The International Longshoremen's Association represents 45,000 dock workers at three dozen U.S. ports from Maine to Texas and handles almost half of the nation's ocean trade. \n ILA said last week its members are prepared to hit the streets if they do not have a new contract with the United States Maritime Alliance (USMX) employer group in place when the current six-year agreement expires on Sept. 30. \n The two sides are at an impasse over issues ranging from wages and benefits to automation. \n A.P. Moller-Maersk, the second-largest container carrier and a member of USMX, told customers on Tuesday that the possibility of a strike at ports including New York/New Jersey, Houston and Savannah, Georgia, increases each day without a settled contract in hand. \n \"Should a general work stoppage occur on the U.S. Gulf and East Coasts, even a one-week shutdown could take 4-6 weeks to recover from, with significant backlogs and delays compounding with each passing day,\" Maersk said. \n A recent trend by U.S. retailers to push forward holiday promotions suggests they have been rushing in seasonal goods to mitigate the risk of cargo getting stranded during a strike. \n Walmart and Target, two of the largest container shipping customers, held early back-to-school sales to fend off competition from Amazon.com's Prime Day. The late timing of Thanksgiving this year is shortening the Christmas shopping season and boosting the likelihood of early promotions. \n An increase in industrial-sector shipments also amplified the early rise in incoming volume, trade researchers said. \n (Reporting by Lisa Baertlein in Los Angeles, additional reporting by Stine Jacobsen in Copenhagen; Editing by Matthew Lewis)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466946116"}