WASHINGTON – The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“We’ve never seen imports at this high a level for such an extended period of time,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Records have been broken multiple times and near-record numbers are happening almost every month. Between federal stimulus checks and money saved by staying home for the better part of a year, consumers have money in their pockets and they’re spending it with retailers as fast as retailers can stock their shelves.”

Imports hit their lowest point in four years last March – 1.37 million Twenty-Foot Equivalent Units – as the economic effects of the coronavirus pandemic began to take hold. But cargo rebounded and hit a then-record 2.1 million TEU in August as the economy reopened, eventually peaking at 2.21 million TEU in October. Under the current forecast, volume is expected to remain at or above the 2 million TEU mark for 11 out of 13 months by this August. Before 2020, monthly imports had reached 2 million TEU only once, in October 2018.

The surge resulted in months of backups at ports, which have faced labor shortages because of COVID-19 infections and equipment shortages because of the volume. The global supply chain continues to be strained by multiple disruptions, including the recent blockage of the Suez Canal. But Hackett Associates Founder Ben Hackett said ports are beginning to catch up.

“Congestion at U.S. ports is abating as container carriers and terminals adjust to the new normal,” Hackett said. “We saw the busiest February on record as the ports worked to clear the backlog, and the number of ships at anchor in San Pedro Bay waiting to dock at Los Angeles and Long Beach is dropping.”https://e.infogram.com/_/U0AQSujFBntq50HG2jBC?parent_url=https%3A%2F%2Fnrf.com%2Fmedia-center%2Fpress-releases%2Fretail-import-surge-expected-through-summer&src=embed#async_embed

Only 17 ships were reported waiting off LA/Long Beach – the nation’s busiest port complex – in recent days, compared with about 30 ships a month ago, Hackett said.

U.S. ports covered by Global Port Tracker handled 1.87 million TEU in February, the latest month for which final numbers are available. That was down 9.1 percent from January but up 23.7 percent year-over-year and the busiest February since NRF began tracking imports in 2002. A TEU is one 20-foot container or its equivalent.

March was projected at 2.07 million TEU, up 50.7 percent year-over-year, but Hackett cautioned that last year’s swings caused by the pandemic have “played havoc” with percentage comparisons. During March 2020, many Asian factories that should have reopened after February’s Lunar New Year holiday were still closed, and U.S. businesses were starting to close to avoid spreading the virus.

April is forecast at 1.99 million TEU, up 23.4 percent year-over-year; May at 2 million TEU, up 30.6 percent; June at 2.01 million TEU, up 24.9 percent; July at 2.04 million TEU, up 6.5 percent, and August at 2.08 million TEU, down 1.2 percent. The August number would be the first year-over-year decline since last July.

The first half of 2021 is forecast at 11.99 million TEU, up 26.9 percent from the same period in 2020, which experienced a major decline in imports due to COVID-19. Imports saw a total of 22 million TEU in 2020, up 1.9 percent from 2019’s 21.6 million TEU and beating the previous record of 21.8 million TEU recorded in 2018.https://e.infogram.com/_/UlzX3HwAfexaknSEXnF5?parent_url=https%3A%2F%2Fnrf.com%2Fmedia-center%2Fpress-releases%2Fretail-import-surge-expected-through-summer&src=embed#async_embed

Global Port Tracker, which is produced for NRF by Hackett Associates, provides historical data and forecasts for the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the East Coast, and Houston on the Gulf Coast. The report is free to NRF retail members, and subscription information is available at NRF.com/PortTracker or by calling (202) 783-7971. Subscription information for non-members can be found at www.globalporttracker.com.

About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.

About Hackett Associates
Hackett Associates provides expert consulting, research and advisory services to the international maritime industry, government agencies and international institutions. www.hackettassociates.com