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 continued increases in sales through the summer and beyond,”commented Jonathan Gold , the NRF’s vice president for supply chain and customs policy. “There are challenges ahead from rising prices for gasoline and other essentials, but inventories are under control and retailers are optimistic.”
We believe an increase in container traffic and demand for industrial warehouse space are directly coorelated. The current lack of industrial space in the greater Los Angeles area will drive rents higher as demand continues to outpace supply.
The increase in port traffic is a positive sign for the U.S. economy and employment sector.
Click Here to Read the Article by AAPA Seaport Connection.