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Boston International Trade Volume Increases
After hitting nearly record lows in 2022, Boston’s Conley Terminal port is witnessing a significant surge in import/export volume, measured in TEUs (Twenty Equivalent Units/Cargo Containers), according to a recent Avison Young Data Bite report. This increase indicates a return to pre-pandemic levels for the market’s vitality.
From a low of 4 vessel arrivals and departures in April 2022, Boston’s port saw a substantial rise to 22 in May 2023. This positive trajectory is largely attributed to the ongoing harbor dredging project, which aims to expand the capacity of the region’s largest port. This expansion facilitates the simultaneous presence of a higher number of vessels.
The growing trade volume is resulting in increased demand for supply chain-focused operations, particularly in terms of warehouse and distribution assets. This trend highlights the robustness of the region’s trade activities and its potential for further growth.
- ◦Economy
