NRF port tracker indicates that ocean cargo volumes are expected to recover in July.

Import cargo volumes at U.S. ports are expected to rise in July, reaching 2.36 million TEUs, a 2.1% increase year-over-year, following a significant drop in late spring. This rebound is influenced by President Trump's delay of certain tariffs until August 1, prompting shippers to stock up ahead of potential tariff implementations. However, forecasts indicate that volumes will decline again from August to November due to reinstated tariffs, with anticipated drops of up to 20% year-over-year in September. The NRF expects first-half volumes to be 12.63 million TEUs, up 4.5% from last year but still below previous forecasts.