WASHINGTON-Import cargo volume at the nation’s major retail container ports will increase 4.8 percent this month, according to a projection from the Global Port Tracker report from the National Retail Federation and Hackett Associates.
In April, the most recent month with available data, import cargo volume rose 3.9 percent from March and 1.5 percent from April 2011. May’s volume was estimated to have risen 0.5 percent from May of last year. For the first half of 2012, volume is projected to gain 9 percent from the first half of last year.
In July, the report is calling for a 2.5 percent rise in volume, while August is setting up for an increase of 7.3 percent. September’s volume is predicted to go up 9 percent, and October is expected to produce a 19.9 percent rise over unusually low numbers in October 2011.
Noting that retail sales have enjoyed 22 straight months of year-over-year increases, Jonathan Gold, NRF vice president for supply chain and customs policy, said these import projections “suggest retailers should see growth into the two-year mark and beyond. Cargo numbers don’t correlate directly into sales numbers, but they are an indicator of how much retailers think they can sell.”