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 Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1080 sec (9 req/sec)