Retail Container Traffic Forecast to Rise 15 Percent in June
WASHINGTON-Import cargo volume at the nation's major retail container ports will increase by 15 percent this month over June 2009, according to a projection by the National Retail Federation and consulting firm Hackett Associates.
The monthly Global Port Tracker report said container traffic this month should total 1.16 million 20-foot equivalent units (TEU). The TEU total for the first half of 2010 is expected to reach 6.6 million, which would be 12 percent higher than in the first half of last year, the report added. It also projected an 11 percent gain in TEU for July, a 10 percent pickup for August, a 15 percent rise for September and a 12 percent increase for October.
"Cargo import numbers are up, but retailers are looking closely at other economic indicators to make sure they are sourcing the appropriate amount of merchandise based on consumer demand," said Jonathan Gold, NRF's vice president of supply chain and customs policy. "Job creation remains a key factor that's going to affect consumer spending and retail sales."