Retailer Container Traffic Projected to Rise 16 Percent in July

WASHINGTON--A new forecast from the National Retail Federation and Hackett Associates has predicted that import cargo at the nation's major retail ports will increase 16 percent this month.

In the monthly Global Port Tracker, the two organizations added that the double-digit increases in container traffic could wind down this fall, as retailers look to manage their inventories closer to the vest.  Jonathan Gold, NRF's vice president for supply chain and customs policy, said, "We are still seeing increases in imports partly because last year's volumes made for easy comparisons and partly because of real improvements in the economy and consumer spending. But retailers are being cautious as they look at numbers for employment, housing and the availability of credit."

In May, the most recent month with available data, U.S. ports handled 210 percent more cargo containers of merchandise than in May 2009. For June, the Global Port Tracker has projected a 22 percent increase over June of last year. The estimate for the first half of 2010 as a whole was a 15 percent increase in cargo containers handled.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.