Port of New York

Port of New York (Photo: Port Breaking Waves)

 

Major US container ports are expected to have another busy month in September, despite the threat of labor strikes looming at East Coast and Gulf Coast ports, according to the Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates.

In July, US ports tracked by the Global Port Tracker handled 2.32 million TEUs, up 8.1% from June and up 21% year-over-year, making it the busiest July on record.

For August, Global Port Tracker forecasts 2.37 million TEUs, up 20.9% year-over-year and the highest since the 2.4 million TEUs recorded in May 2022. 

September forecasts 2.31 million TEUs, up 14% year-over-year; October is expected to be 2.08 million TEUs, up 1.3%; November at 1.92 million TEUs, up 1.6%; and December at 1.89 million TEUs, up 0.9%. This would bring the total volume in 2024 to 24.98 million TEUs, up 12.3% from 2023.

In addition, the first half of 2024 saw 12.1 million TEUs, up 14.8% from the same period in 2023. January 2025 is expected to reach 1.96 million TEUs, down slightly by 0.3% year-over-year.

The import figures are in line with the NRF’s forecast, with core retail sales—excluding auto dealerships, gas stations, and restaurants—growing between 2.5% and 3.5% in 2024 compared to 2023.

 

Source: Phaata.com (via Container-News)

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