Retail Container Traffic Expected to Jump in May and Months Ahead
May 14, 2010,
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.