U.S. retail container traffic expected to rise 9 pct in April

Posted on Apr 12, 2011 in AllEconomic News
Import cargo volume at the U.S. major retail container ports is expected to rise 9 percent in April from the same month last year, showed the monthly Global Port Tracker report released Monday by the National Retail Federation (NRF) and Hackett Associates.

NRF said that U.S. ports handled 1.1 million Twenty-foot Equivalent Units TEU) in February, traditionally the slowest month of the year and the latest month for which actual numbers are available. That was down 8 percent from January but up 10 percent from February 2010. It was the fifth straight month to show a year-over-year improvement after December 2009 broke a 28-month streak of year-over year declines. One TEU is one 20-foot cargo container or its equivalent.

“These numbers are an indication that the economy is recovering and retailers are expecting continued increases in sales through the summer and beyond,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “There are challenges ahead from rising prices for gasoline and other essentials, but inventories are under control and retailers are optimistic.”

NRF said that March was estimated at 1.2 million TEU, increasing 11 percent from the same month of 2010. April is forecast at 1.24 million TEU, up 9 percent over last year, with May at 1.32 million TEU, up 4 percent; June at 1.38 million TEU%

via U.S. retail container traffic expected to rise 9 pct in April – People’s Daily Online.