A new report predicts major retail container ports will see a 4.4 percent increase in import cargo volumes this month before the Thanksgiving holiday.
The monthly forecast from the Global Port Tracker also indicates that December “should see a slightly larger increase” in retail imports than was projected in November. The report also pointed out that cargo volumes for ports covered in the survey rebounded in October after showing a decline in September.
“Retailers are importing more during the holidays this year than last year and that can only mean one thing – they expect to sell more,” Jonathan Gold, the federation’s vice president for supply chain and customs policy, said in a statement.