US Port Traffic Continues Drop

After ending 2008 down 7.9%, cargo volume at major US retail container ports is expected to drop at an even faster pace during the first half of 2009 as the economic recession continues, according to the monthly Port Tracker report released by the National Retail Federation and IHS Global Insight.

Final data for 2008 showed volume for the year at 15.2 million TEUs (twenty-foot-equivalent units), compared with 16.5 million TEUs in 2007, a decline of 7.9% and the lowest total since 2004, when 14 million TEUs moved through the ports.

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