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February Imports Expected to be Lowest in 3 Years
Import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level since the beginning of the pandemic this month, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
While Ports are Still Congested, Record Import Levels Expected
Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion.
Import Growth Expected to Slow in First Half of 2022
Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volumes will keep up pressure that built as the economy bounced back from the pandemic last year.