Sea container imports expected to grow 4.9 percent in first half of 2018
By DC Velocity Staff | Feb. 9, 2018
Imports at the nation’s major container ports are projected to grow 4.9 percent during the first half of 2018 compared to the same period a year earlier, as import growth slows from a torrid 2017, according to the monthly “Global Port Tracker” report published today by the National Retail Federation (NRF) and consultancy Hackett Associates.
The 11 U.S. ports covered by Global Port Tracker handled 1.72 million twenty-foot equivalent units (TEU) in December, the latest month for which after-the-fact numbers are available. As expected, the number was down 2.1 percent from November, since most holiday merchandise was already in the country by then, the report said. However, the December volume was up 8.4 percent year over year, and helped push the total for 2017 to 20.5 million TEU, topping 2016’s record 19.1 million TEU by 7.6 percent, the report said.
January is forecast at 1.77 million TEU, up 4.1 percent from January 2017; February at 1.67 million TEU, up 14.8 percent from last year; March at 1.54 million TEU, down 1.1 percent; April at 1.71 million TEU, up 4.8 percent; May at 1.8 million TEU, up 2.8 percent; and June also at 1.8 million TEU, up 4.9 percent. The February and March percentages are skewed because many Asian factories close for Lunar New Year, which begins this year on Feb. 16…
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