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

Container Ships

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

USCG to Ensure Safety During World Series

The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Logistics

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

Antwerp Port Achieves Highest Throughput

The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.3869 sec (3 req/sec)