NRF Forecasts Busy Spring & Summer at U.S. Ports

ports, port, Imports, National Retail Federation
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Supply chain issues have been much talked about over the past year, but the tide of imports flowing through U.S. ports.

The National Retail Federation (NRF), in its monthly Global Port Tracker report from Hackett Associates, noted that traffic at key ports around the country will remain at near-record levels into the summer. 

“Consumers are still spending and the supply chain is still working to keep up,” said Jonathan Gold, vice president for Supply Chain and Customs Policy for the NRF. “Growth rates have slowed down from the off-the-charts numbers we saw last year, but volume is close to the highest we’ve ever seen. Everyone in the supply chain is trying to reduce congestion, but there is still work to be done.”

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Gold said retailers are planning for potential additional disruptions this summer from West Coast port labor contract negotiations.”

U.S. ports covered by Global Port Tracker handled 2.16 million Twenty-Foot Equivalent Units – one 20-foot container or its equivalent – in January That was up 3.6% from December and up 5.2% year-over-year.

While official figures have yet to be revealed, Global Port Tracker projects year-over-year traffic in February to be up 10.5%, down 4.5% in March, up 4.2% in April, down 3.2% in May, up 4% in June, and up 3% in July.