Feb Retail Imports To Drop More Due To Longer Coronavirus Shutdowns: NRF

Major U.S. retail container ports are likely to report sharper-than-usual drop in imports in the month of February due to longer Lunar New Year shutdowns at factories in China amid the coronavirus outbreak, according to a report by the National Retail Federation or NRF. U.S. ports are expected to handle 1.41 million Twenty-Foot Equivalent Units or TEU in February, down 12.9 percent from last year.