After more than two and a half years of year-over-year declines, import cargo volume at the nation's major retail container ports is expected to see three straight months of gains in early 2010, said the monthly Port Tracker report released this week by the National Retail Federation (NRF) and IHS Global Insight.
"We've been seeing hints of a turnaround in our past few reports but this is starting to look like a clear trend," said Jonathan Gold, NRF vp for supply chain and customs policy. "If retailers are starting to import more merchandise, it's because they expect to be able to sell more and that's a good sign for our industry and the overall economy."
... The January figure would mark the 31st month of year-over-year declines, but the trend is forecast to be broken in February 2010, when cargo is expected to total 972,391 TEU.
One TEU is one 20-foot container or its equivalent.
THIS IS A GOOD SIGN.
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