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‘We’re Likely Past the Busiest Part of the Year,’ NRF Says, But Imports Still Elevated

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‘We’re Likely Past the Busiest Part of the Year,’ NRF Says, But Imports Still Elevated

U.S. container imports reached a record for September, extending an unusually prolonged peak shipping season even as retailers anticipate a gradual slowdown in cargo volumes heading into the final months of the year.

The country imported 2,546,261 twenty-foot equivalent units (TEUs) in September, up 10.3 percent from a year earlier and 24.8 percent above September 2019, according to Descartes Systems Group’s latest Global Shipping Report released Thursday.

The figures come as the National Retail Federation (NRF) and maritime trade consultancy Hackett Associates expect the extended peak season to finally ease, although their latest forecast indicates imports will remain higher than previously anticipated.

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The NRF’s October Global Port Tracker projects imports for the current month at 2.25 million TEUs, up 8.5 percent year over year. That is a 6.6 percent increase from the 2.11 million TEUs forecast for October in September’s report. November volumes are expected to fall to 2 million TEUs, down 1 percent annually, before edging up to 2.02 million TEUs in December.

“Even with any fluctuations in final data, we’re likely past the busiest part of the year,” said Jonathan Gold, NRF vice president for supply chain and customs policy.



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