Led by Los Angeles with 6.8 million loaded twenty-foot equivalent (TEU) units, U.S. seaports experienced another strong year in 2018. The industrial markets surrounding them also performed well, says Colliers International.
The nine seaports showcased in Colliers’ new report on the sector finished the year with an overall vacancy rate of just 3.4%, well below the national average of 5%.
Imports at the United States’ major container ports were projected to grow 7 percent last year over 2016 levels due to improving retail sales throughout 2017 and a strong holiday season, according to the monthly “Global Port Tracker” report published by the National Retail Federation (NRF) and consultancy Hackett Associates.
Strong United States-bound retail container imports appears to be in the cards in the coming months, according to the most recent edition of the Port Tracker report issued this week by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.