Retail Container Traffic Expected to Jump in May and Months Ahead
WASHINGTON-The latest monthly report on import cargo volume at the nation's major retailer container ports indicates that retailers are feeling more confident about the U.S. economy's improvement, according to a statement from the National Retail Federation.
According to the monthly Global Port Tracker, the ports should handle 1.14 million 20-foot equivalent units, up 10 percent from May of last year. The report also forecasted double-digit gains in import cargo volume for June, July, August and September. Assuming that May and June imports rise as predicted, first-half import cargo volume should reach 6.6 million 20-foot equivalent units, an increase of 12 percent over the first half of last year.
In an NRF statement, Jonathan Gold, the association's vice president for supply chain and customs policy, said, "It's easy to show an increase after last year's downturn, but these numbers show us that retailers are confident their sales are going to go up this summer, and give us an early hint of optimism about the fall as well."