NRF Predicts 15 Percent Gain In Import Cargo Volume for 2010
WASHINGTON--Import cargo volume at the nation's retail container ports should rise 15 percent in 2010 to 14.5 million containers, according to a forecast from the National Retail Federation and Hackett Associates.
In its monthly Global Port Tracker, the two organizations based their call on the fact that, through the first half of this year, import cargo volume rose an estimated 17 percent from the same period in 2009. In addition, the report predicted double-digit increases in volume for July, August, September and October, and single-digit rises for November and December. In June, the most recent month with available numbers, import cargo volume leaped by 30 percent over June of last year.
In spite of these dramatic increases, "we aren't back yet to where we were two years ago and consumers aren't convinced that the recession is over quite yet," said Jonathan Gold, NRF's vice president for supply chain and customs policy.