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 the market has returned to pre-pandemic levels of vitality.
From April 2022’s low of 4 vessel arrivals and departures, Boston’s port saw an impressive rise to 22 vessels by May 2023. The harbor dredging project is largely credited for this positive trajectory as it expands the capacity of the region’s largest port and facilitates simultaneous presence of more vessels.
The growing trade volume has resulted in increased demand for supply chain-focused operations such as warehouse and distribution assets, highlighting robustness of regional trade activities with potential for further growth.
