Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report just released by the National Retail Federation and Hackett Associates.
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Containerized cargo traffic at PortMiami increased 18.5 percent in August from the previous year as cargo totaled 99,546 twenty-foot equivalent units.
The Port said the growth in cargo is due to the $1.3 billion of infrastructure investments made in the port’s facilities. These investments included dredging the shipping channel and adding four super post-Panamax cranes, allowing the port to service larger cargo ships.
If you’re a national retailer, manufacture or logistics warehouse landlord, things are getting dicey these days as the current slowdown, and looming strike at U.S West coast ports is now having a significant impact across the entire U.S. supply chain system.
