Container Traffic Breaking Records

Wednesday, June 06, 2007
Traffic at the nation’s major retail container ports should reach a record high in August, then drop off slightly in September before hitting the year’s traditional peak in October, according to the monthly Port Tracker report released today by the National Retail Federation and Global Insight.

August is forecast at 1.53 million Twenty-foot Equivalent Units (TEU) of container traffic, breaking last October’s record of 1.51 million, while September is forecast at 1.49 million. October, traditionally the busiest month of the year as retailers bring in merchandise for the holiday sales season, is forecast at 1.54 million this year. “The holiday season is the most important part of the year for our industry, so it’s essential that we starting looking at these numbers and watching for any problems as early as possible. NRF Vice President and International Trade Counsel Erik Autor said.

Nationwide, the ports surveyed handled 1.3 million TEU of container traffic in April, the most recent month for which actual numbers are available. That was down 5.8 percent from April 2006 but up 2 percent from this March. Volume continued up in May, which was estimated at 1.35 million TEU (down 1.2 percent from May 2006). June is forecast at 1.4 million TEU (down 0.17 percent from June 2006), July at 1.48 million TEU (up 6 percent from July 2006), August at 1.53 million TEU (up 3.3 percent from August 2006), September at 1.49 million TEU (flat from September 2006), and October at 1.54 million TEU (up 2 percent from September 2006). One TEU is a 20-foot cargo container or its equivalent. Port Tracker, which is produced by the economic research, forecasting and analysis firm Global Insight for NRF, looks at inbound container volume, the availability of trucks and railroad cars to move cargo out of the ports, labor conditions and other factors that affect cargo movement and congestion.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,

General Dynamics Bags $ 47 mi US Navy Contract

General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security

Phaethon Takes Diana Panamax on Timecharter

Phaethon International has chartered a panamax bulk carrier Which is owned by the Greek shipping Diana Shipping on for up to eight months with a daily rate of US $ 5,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0727 sec (14 req/sec)