NRF: Retail Container Traffic Expected to Increase
July 12, 2012
According to the National Retail Federation's (NRF) monthly Global Port Tracker report, produced by Hackett Associates, import cargo volume at the nation’s major retail container ports is expected to increase 1.6 percent in July, compared with the same month last year. Year-over-year increases also are expected to continue into the holiday season shipping cycle.
U.S. ports followed by the report handled 1.34 million Twenty-foot Equivalent Units (TEU) in May—that was up 4.1 percent from April and 2.3 percent from May 2011. One TEU is one 20-ft. cargo container or its equivalent. July is forecasted at 1.38 million TEU, up 1.6 percent from the same time last year. August is forecasted at 1.44 million TEU, up 6.2 percent; September at 1.45 million TEU, up 6.8 percent; October at 1.47 million TEU, up 912.6 percent; and November at 1.3 million TEU, up 2 percent.