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.
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow.
After a record-setting spring, imports at the nation’s major container ports are expected to slow significantly for the remainder of the year.
Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired.
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.
The National Retail Federation wrote a letter to leadership at the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA).
Executives from the Port of Long Beach, Northwest Seaport Alliance, and Virginia Ports Authority will share insights into how ports are managing today’s heightened demand and preparing for the future.
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.
Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year.
U.S. President Joe Biden held a meeting today with retailers, port leaders, and unions to discuss how to solve the many supply chain issues caused by COVID-19.