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TRANSPORT & LOGISTICS NEWS * USA - 2008 retail container traffic to be lowest since 2004
Washington,DC,USA -The Trucker News Services -7 Nov 2008: -- Cargo volume at the nation’s major retail container ports fell again in October, and 2008 is now expected to be the slowest year since 2004 as the downturn in the nation’s economy continues, according to the monthly Port Tracker report released today by the National Retail Federation and IHS Global Insight... Volume is projected to total 15.3 million Twenty-Foot-Equivalent Units for the year, compared with 16.5 million TEU in 2007. That would be a decline of 7.1 percent and the lowest total since 2004, when 14 million TEU moved through the ports. The estimate is down from the 15.43 million projected a month ago, which would have been a 6.5 percent decline from 2007 and the lowest number since 2005’s 15.4 million TEU. One TEU is one 20-foot container or its equivalent... “Retail sales forecasts this year are the lowest they’ve been in more than half a decade, and the cargo volume we’re seeing reflects those numbers,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...
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