Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Publishing timestamp: 2024-05-17 09:03:15
Summary
Shippers are concerned about U.S. consumers pulling back on purchases for mid-range retail merchandise in the 2024 holiday season. The peak freight order season for holidays begins early, with almost 80% of orders expected to be middle price-point items. The survey suggests a relatively healthy holiday season with U.S. companies importing slightly more items than last year. Retailers are cautious about consumer spending, with concerns about a potential consumer pullback later in the year. The industry is preparing for a potentially normal peak season, with a focus on diversifying shipping strategies and increasing reliance on rail networks.
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Keywords: u.s. economy, united states, ch robinson worldwide inc, breaking news: business, economy, retail industry, union pacific corp, kuehne und nagel international ag, breaking news: economy, j.b. hunt transport services inc, berkshire hathaway inc, business news, trade, uber technologies inc,