Retail Container Traffic Up 11% in October

(Logistics Today)

Import cargo volume at the nation’s major retail container ports is expected to be up 11% in October over the same month last year and should continue to see strong year-over-year growth even as seasonal levels wind down through the remainder of 2010, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.

“Cargo is still coming through but retailers are mostly stocked up for the holiday season,” says Jonathan Gold, NRF’s vice president for supply chain and customs policy. “Retailers aren’t going to say the recession is behind them until their customers tell them it is, but we are hoping to see some sustainable economic growth over the next several weeks. The goal is that inventory levels will match sales as closely as possible.” Read more here.