Retail Imports Forecast: Up 4.8% in January

marinelink.com
Friday, January 10, 2014
Containership at dock in port of Oakland (Katharine Sweeney)

2013 Estimated at 2.8 Percent Over 2012.


Import volume at the nation’s major retail container ports is expected to grow 4.8 percent in January over the same month last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Estimates show 2013 up 2.8 percent over 2012.

“Retailers are still assessing the holiday season, but they’re also looking ahead to see what will happen in the new year,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Based on these early numbers, 2014 looks like it should be off to a good start.”

U.S. ports followed by Global Port Tracker handled 1.37 million Twenty-Foot Equivalent Units in November, the latest month for which after-the-fact numbers are available. That was down 4.3 percent from October as imports for the holiday season wound down but up 6.5 percent from November 2012. One TEU is one 20-foot cargo container or its equivalent.

December was estimated at 1.35 million TEU, up 5 percent from 2012. If that estimate holds true once final numbers become available, 2013 will have totaled 16.3 million TEU, up 2.8 percent over 2012’s 15.8 billion TEU. That compares with 3.4 percent growth in 2012 over 2011.

The cargo numbers come as retailers are waiting to see final figures for 2013 holiday season sales, which NRF predicted would grow 3.9 percent to $602.1 billion. Imports during August, September and October, the months when most of the holiday season’s merchandise is brought into the country, totaled 4.35 million TEU, up 4.3 percent increase over 2012. Cargo figures do not correlate directly with sales because they count only the number of cargo containers, not the value of the merchandise inside, but are an indicator of retailers’ sales expectations.

January 2014 is forecast at 1.37 million TEU, up 4.8 percent from January 2013; February at 1.18 million TEU, down 7.5 percent from last year; March at 1.32 million TEU, up 15.9 percent; April at 1.4 million TEU, up 7.7 percent; and May at 1.46 million TEU, up 4.6 percent.

“The new year looks to be stronger than the outgoing one, with better-than-expected GDP figures, lower unemployment rates and continued low inflation,” Hackett Associates Founder Ben Hackett said. “Expectations of a stronger dollar will also help to increase consumer confidence as import prices continue to fall.”

Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast. The report is free to NRF retail members, and subscription information is available at www.nrf.com/PortTracker or by calling (202) 783-7971. Subscription information for non-members can be found at www.globalporttracker.com.  

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

New Survey Vessel Ordered for the Port of London

The Port of London Authority (PLA) has ordered a new purpose-built survey catamaran, a CTruk MPC19, due to enter service on the river Thames later this year.   The

Yemen Lifts Force Majeure on LNG Deliveries

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.

Finance

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Container Ships

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Imabari Bags Order for 11 ULCCs

Imabari Shipbuilding Co., Ltd. (Imabari), with the cooperation of Marubeni Corporation, has secured newbuilding order for eleven (11) units of 20,000TEU Ultra-Large Container Carriers,

German Shipowner Worst Global Dumper -NSP

German shipowner Ernst Komrowski topped the list of the worst global dumpers with 14 end-of-life vessels sold to the beaches, according to a press release from NGO Ship-breaking Platform (NSP).

Logistics

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage 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: 0.3611 sec (3 req/sec)