U.S. Retail Imports Expected to Rise

MarineLink.com
Monday, December 09, 2013

Import volume at the nation’s major retail container ports is expected to grow 1.8% in December over the same month last year, and the year should end with an increase of 2.3% over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Imports have seen good growth over last year and retailers are well-stocked as the holiday season continues,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Holiday merchandise has made it from the ships to the shelves and the rest is up to the shoppers.”

The cargo numbers come as NRF predicts that this year’s holiday sales will grow 3.9% over last year to a total of $602.1 billion. Cargo import figures do not correlate directly with sales because they count only the number of cargo containers, not the value of the merchandise inside them, but are an indicator of retailers’ sales expectations.

August, September and October are the months when most of the holiday season’s merchandise is brought into the country. The 4.35 million cargo containers handled during those months combined represented a 4.3% increase over last year and accounted for 26.8% of all retail imports for the entire year.

U.S. ports followed by Global Port Tracker handled 1.43 million Twenty-Foot Equivalent Units in October, the latest month for which after-the-fact numbers are available. That was down 0.4% from September as the peak shipping cycle wound down but up 6.4% from October 2012. One TEU is one 20-foot cargo container or its equivalent.

November was estimated at 1.33 million TEU, up 3.6% from last year. December is forecast at 1.31 million TEU, up 1.8% from last year. January 2014 is forecast at 1.35 million TEU, up 3.3% from January 2013; February at 1.18 million TEU, down 7.8% from last year; March at 1.32 million TEU, up 15.9%; and April at 1.38 million TEU, up 6.6%.

The total for 2013 is forecast at 16.2 million TEU, up 2.3% from 2012’s 15.8 million TEU. The first six months of 2013 totaled 7.8 million TEU, up 1.2% from the first half of 2012.

“The U.S. economy appears to have found a growth spurt,” Hackett Associates Founder Ben Hackett said, citing estimated third-quarter gross domestic product growth of 3.6%. “The paradox is that consumer spending remains very cautious and does not come anywhere near the expansion of GDP. The reason is the increasing levels of inventory. Despite back-to-school sales, Black Friday, Cyber Monday and regular sales, the inventory-to-sales ratio remains stubbornly high. Hopefully, November and December numbers will show a catch-up that will help reduce the inventories.”

globalporttracker.com

nrf.com
 

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

Container Ships

MOL Restructures Asia to S. Africa Service

Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China,

Report on MOL Comfort Incident is out

In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

News

Nigerian Customer Orders Ninth Damen Dredger

A Nigerian customer has added its ninth Damen dredger to its fleet. The Cutter Suction Dredger type CSD500 was chosen due to the availability of Damen Field Services in Nigeria,

N-Sea Completes Inaugural System Diving Scope

Inspection, maintenance and repair (IMR) specialist N-Sea has recently completed its inaugural diving scope with the TUP Diving System (Transfer Under Pressure).

Steel Cut for Yamal LNG Project’s Lead Tanker

A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project.

Logistics

MOL Restructures Asia to S. Africa Service

Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China,

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair
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: 0.1801 sec (6 req/sec)