October 10, 2024
The National Retail Federation (NRF) announced that U.S. ports covered by Global Port Tracker handled 2.34 million Twenty-Foot Equivalent Units one 20-foot container or its equivalent in August, although the Ports of New York/New Jersey and Miami have yet to report final data. That was up 0.9% from July and up 19.3% year over year for the highest volume since the record of 2.4 million TEU set in May 2022.
Ports have not yet reported September's numbers, but Global Port Tracker projected the month at 2.29 million TEU, up 12.9% year over year. October is forecast at 2.12 million TEU, up 3.1% year over year. That is slightly higher than the 2.08 million TEU forecast for October a month ago, and the strike did not appear to affect national totals.
November is forecast at 1.91 million TEU, up 0.9% year over year, and December at 1.88 million TEU, up 0.2%. That would bring 2024 to 24.9 million TEU, up 12.1% from 2023. January 2025 is forecast at 1.98 million TEU, up 0.8% year over year, and February 2025 is forecast at 1.74 million TEU, down 11.2% because of fluctuations in the timing of Lunar New Year shutdowns at Asian factories.
Source: NRF