December was the 17th consecutive month of decline in year-over-year cargo volume at major U.S. container ports, generating a 2008 with less retail import volume than at any time since 2004.
According to the monthly Port Tracker results from IHS Global Insight, sponsored by the National Retail Federation, 2008 volume for the year was approximately 15.3 million Twenty-Foot-Equivalent Units, down 7.1% from 16.5 million TEU in 2007.
Volume in 2004 was 14 million TEU, the researchers said.
The last month when Port Tracker found a year-over-year increase was July 2007, when 1.44 million TEU moved through the ports, up 3.4% from July 2006.
- THE LEFT PAINTS USA CONSUMPTION AS A BAD THING FOR THE WORLD, BUT THEY'RE WRONG.
- THE WORLD ECONOMY WILL NOT REBOUND UNTIL AMERICANS START SPENDING AGAIN.
- NOT THE USG, BUT AMERICANS.
- THAT'S WHY THE WHOLE FREAKIN WORLD OUGHT TO BE CLAMORING FOR A HUGE TAX CUT FOR AMERICANS.
- IT'LL HELP POOR PEOPLE AND THE THIRD WORLD THE MOST.