Retail Imports Expected to Drop in February

MarineLink.com
Tuesday, February 11, 2014

Import volume at the nation’s major retail container ports is expected to drop 8.4 percent in February from the same time last year as the shipping cycle reaches its slowest month of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Ports and distribution centers are getting the break they deserve after the busy holiday season, but it won’t last long,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers will be moving spring merchandise toward their shelves in just a few weeks, and early numbers point to a busy season ahead.”

U.S. ports followed by Global Port Tracker handled 1.3 million Twenty-Foot Equivalent Units in December, the latest month for which after-the-fact numbers are available. That was down 3.3 percent from November as the holiday season came to an end but up 0.6 percent from December 2012. The December numbers brought 2013 to a total of 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU. One TEU is one 20-foot cargo container or its equivalent.

January was estimated at 1.37 million TEU, up 4.5 percent from January 2013. February, historically the slowest month of the year, is forecast at 1.17 million TEU, down 8.4 percent from the same month last year. March is forecast at 1.29 million TEU, up 13.7 percent from last year; April at 1.39 million TEU, up 6.9 percent; May at 1.45 million TEU, up 4.2 percent; and June at 1.43 million TEU, up 5.6 percent. Those numbers would total 8.1 million TEU for the first half of the year, up 4.3 percent over last year.

The import numbers come as NRF is forecasting 4.1 percent sales growth in 2014, contingent on how Washington policies on economic issues affect consumer confidence.

“On the consumer side, there is continued hesitancy in spending as net disposable income remains virtually flat,” Hackett Associates Founder Ben Hackett said. “As a result, the inventory-to-sales ratio remains stubbornly high.”

nrf.com
 

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

Container Ships

Shipping loan losses hit Norwegian bank DNB's earnings

Q2 net profit NOK 4.65 bln vs f'cast NOK 4.77 bln; loan losses NOK 554 mln vs fcast NOK 398 mln. Bank on schedule to fulfill capital requirements, but shares down 4.

Doctorate for Jacques Saadé, Founder, Chairman & CEO of CMA CGM

The Lebanese American University has awarded an honorary Doctorate Degree in Humane Letters to Jacques R. Saadé, in recognition of his achievements as a great business leader.

US Imports Surge as Ports Contract Remains in Limbo

With West Coast longshoremen still negotiating a new contract, retailers are bringing holiday merchandise into the United States at record levels to protect against potential supply chain disruptions,

News

OSX Brasil Suspends Creditor Payments

A Netherlands-based subsidiary of Brazilian tycoon Eike Batista's bankrupt shipbuilding and shipleasing unit OSX Brasil SA suspended payments to creditors after

LR to Support LNG Bunkering in Portsmouth

Lloyd’s Register (LR) is working with British port to develop operational procedures and technical standards required for safe LNG bunkering operations. LR has

Forecast Predicts 70% Chance of El Nino

The U.S. weather forecaster maintained its outlook for the El Nino weather phenomenon in its monthly update on Thursday, pegging the chances of the weather pattern

Logistics

3 Cargo Tenders for Australia's NWS LNG Project

Australia's North West Shelf liquefied natural gas (LNG) export plant is expected to soon launch a tender to sell three cargoes loading in September, shipping and

Latest FMCS Update on West Coast Labor Talks

FMCS Statement on Labor Negotiations Between the ILWU and Pacific Northwest Grain Handlers. The Federal Mediation and Conciliation Service issued the following

Chilean Port Workers Strike

Port workers in Chile have been on strike since the afternoon of Tuesday, July 8 in respect of a dispute over a new law which affects workers' lunch and rest breaks,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2162 sec (5 req/sec)