According to a report released by Global Port Tracker, container traffic for the top 10 U.S. ports is forecasted to be up 9% from April a year ago.
The article also predicts the following increases over the subsequent months in 2010:
April? 1.24 million TEUs (+9%)
May? 1.32 million TEUs (+ 4%)
June? 1.38 million TEUs (+5%)
July? 1.45 million TEUs (+5%)
August ? 1.54 million TEUs (+8%)
First half 2011 is forecast at 7.4 million TEUs (+8%)
"These numbers are an indication that the economy is recovering and retailers are expecting...
Port of Los Angeles sets a new high in exports, and the Long Beach port sees the biggest annual increase in cargo traffic. Experts believe the recovery will continue, though not at such a rapid pace.
The nation's busiest seaport complex had a record-breaking year in 2010 with a new high set in exports at the Los Angeles port and the biggest year-over-year increase in overall cargo traffic at Long Beach since the port began keeping such records in 1971, officials said.
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The nation's busiest cargo complex posted 18% growth in combined container traffic for October, adding another strong month to the ports' recent string of double-digit growth.
"Retailers were concerned about a shortage of cargo containers and they ordered early this year to make sure they had enough goods for the holiday season," said Nancy Sidhu, chief economist at the Los Angeles County Economic Development Corp. "The fact that these numbers were still higher than what had been 2009's best month is significant."
The ports of Los Angeles and Long Beach handle more than 40% of the nation's...