Retail Container Traffic Forecast to Rise in March
Import cargo volume is on the rise.
WASHINGTON-Import cargo volume at the nation's major retail container ports is expected to increase 11 percent over March of last year, according to the most recent Global Port Tracker report.
Issued by the National Retail Federation and Hackett Associates, the report said U.S. ports handled 1.2 million 20-foot equivalent units in January, the latest month in which statistics are available--an increase of 12 percent from January 2010 and the 14th month in a row of year-over-year gains. February is expected to show a pickup of 12 percent. The report also projected increases of nine percent in April and five percent in May, June and July.
The increases "are evidence that our nation's economic recovery is continuing to build momentum," said Jonathan Gold, NRF's vice president for supply chain and customs policy. "Increases in imports are a clear sign that retailers expect sales to continue to climb in the next several months."