NEW YORK -- Chinese warehouse operators are expanding leasing in the U.S., driven by flourishing cross-border e-commerce and an uncertain future for duty-free treatment of low-cost packages.
Booming e-commerce and murky future for de minimis exception drive rush for storage
A truck drives past Cosco and China Shipping shipping containers in the Port of Miami. © Reuters
NEW YORK -- Chinese warehouse operators are expanding leasing in the U.S., driven by flourishing cross-border e-commerce and an uncertain future for duty-free treatment of low-cost packages.