Retail Imports Wind Down After End of Holiday Season

Posted by Eric Haun
Friday, January 08, 2016
Jon Gold (Photo: NRF)
With the holiday season over, import cargo volume at major U.S. retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
 
“This is the time of year when the retail supply chain catches its breath before the next big rush begins,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are still tallying the bottom line of the holiday season, but they’re also making plans for the spring and summer.”
 
Ports covered by Global Port Tracker handled 1.48 million Twenty-Foot Equivalent Units in November, the latest month for which after-the-fact numbers are available. With most holiday merchandise already in the country by that point, volume was down 5 percent from October but up 6 percent from the year before. December was estimated at 1.44 million TEU, the same as 2014. One TEU is one 20-foot-long cargo container or its equivalent.
 
The numbers are still subject to revision, but 2015 came to a preliminary total of 18.2 million TEU, up 5.4 percent from 2014.
 
This month is forecast at 1.47 million TEU, up 18.9 percent from weak volume seen a year ago just before agreement on a contract with West Coast dockworkers ended months of congestion. February is forecast at 1.41 million TEU, up 17.5 percent, also skewed by the congestion. March is forecast at 1.34 million TEU, down 22.4 percent from high levels seen when a flood of backlogged cargo followed the contract agreement. Patterns are expected to return to normal in April, which is forecast at 1.48 million TEU, down 1.8 percent from last year. May is forecast at 1.55 million TEU, down 3.5 percent from last year.
 
Hackett Associates Founder Ben Hackett said inventory levels remain high, partly because of warm weather that reduced demand for winter clothing.
 
“We continue to remain concerned about the high inventory-to-sales ratio,” Hackett said. “Enough time has passed since the disruption on the West Coast that we can no longer look to that for justification of the high level.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

ClassNK to Perform AWO Responsible Carrier Audits

The American Waterways Operators (AWO) and ClassNK have signed an agreement under which ClassNK will be authorized to conduct audits of AWO's Responsible Carrier Program,

Radio Holland Wins Contracts for Canadian Coast Guard Vessels

Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement,

Young Brothers Orders Four New Tugs from Conrad

Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million

Ports

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Lerwick Port Set to Receive Largest Cruise ship

Lerwick Harbour’s record-breaking cruise season will hit the first of several milestones this season on Thursday (30 June) with the arrival of Azura, the largest

LPG Carrier Makes First Commercial Transit through Expanded Panama Canal

On June 27, the expanded Panama Canal opened for commercial transit, and Lycaste Peace, a very large liquefied petroleum gas (LPG) carrier operated by NYK, was

News

List: Top Five UK Ship Owners

Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Maritime Knowledge Hub Opens in the UK

Business owners across the U.K. wanting to drive growth in the maritime sector are being urged to engage with the newly opened Maritime Knowledge Hub in Birkenhead, Liverpool City Region.

Logistics

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

Six-Month High for Service Reliability

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Ship Electronics Ship Simulators Sonar Winch
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: 0.1013 sec (10 req/sec)