NRF Sees Retail Imports Climbing as Holidays Approach

nrfAccording to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates, import cargo volume at the nation’s major retail container ports is expected to increase 1.2 percent this month over the same time last year as retailers head toward the holiday season.

“After supply chain worries earlier this year, inventories are plentiful this fall,” says Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy. “Shoppers should have no worries about finding what they’re looking for as they begin their holiday shopping.”

Ports covered by Global Port Tracker handled 1.62 million Twenty-Foot Equivalent Units (TEU) in July, the latest month for which after-the-fact numbers are available. That was up 2.9 percent from June and 8.1 percent from July of last year. One TEU is one 20-foot-long cargo container or its equivalent.

August was estimated at 1.6 million TEU, up 5.5 percent from last year. September is forecast at 1.61 million TEU, up 1.2 percent from last year, while October is forecast at 1.62 million TEU, up 3.8 percent; November at 1.5 million TEU, up 7.9 percent; and December at 1.44 million TEU, down 0.2 percent. Those numbers would bring this year to a total of 18.2 million TEU, up 5.4 percent from last year.

About the author

Phil Guie

Phil Guie

Phil Guie is an associate editor at Adventure Publishing Group. He writes and edits articles for The Toy Book and The Licensing Book. Phil also serves as lead editor for The Toy Book Blog and The Toy Report newsletter, and manages social media for The Toy Book. But of course, Phil’s pride and joy are his weekly reviews for The Toy Insider, in which he writes about video games, movies, and other cool things. His hobbies include comics, baking, fidgeting, and traveling to off-the-beaten places and making new friends.