Busy Summer Port Activity Foretells Possible Record Retail Imports, Says NRF
July and August could be two of the busiest months ever for imports at the nation’s major retail container ports, possibly setting a new record as merchants enter the back-to-school period and begin to stock up for the holiday selling…
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season, the National Retail Federation said in a Monday report. “We’re expecting retailers to import some of the largest volumes of merchandise ever,” said Jonathan Gold, NRF vice president-supply chain and customs policy, in a statement. “That’s a good indicator of what could be ahead for consumer demand and retail sales, and it’s a sign that retail is going strong despite what you might read in the headlines.” Ports included in NRF’s Global Port Tracker database handled 1.72 million 20-foot-long cargo containers or their equivalents in May, up 7.3 percent over April and 6.2 percent over May 2016, NRF said. It estimates 1.66 million containers were handled in June, up 5.3 percent from the same month a year earlier. NRF forecasts 1.75 million containers will be handled in August, which would be up 2.2 percent from last August and would be the highest monthly volume recorded since NRF began tracking imports in 2000, it said.