China Risk to Walmart, Amazon Traffic Overshadows Already Lackluster Norfolk — Panjiva
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China Risk to Walmart, Amazon Traffic Overshadows Already Lackluster Norfolk

China 3053 Cons. Discr. - Retailing 519 Corp - Ports 911 European Union 882 Mode - Containerized 1525 Mode - Seaborne 1846 U.S. 5404

Container handling at the port of Norfolk as well as neighboring ports in Virginia, fell 0.3% on a year earlier in November. That was led by an 11.3% drop in exports – which bodes ill for the local economy – and continues a run of lackluster growth at the port. A 1.4% rise in inbound traffic was the result of declining shipments from the EU whereas imports from China soared 13.4% higher. The latter was the result of importers including Walmart, Target and Amazon preempting the risk of tariff increases on Chinese exports. The tariff increases had been scheduled for January ...

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