Retail Imports to Rise in March

MarineLink.com
Monday, March 10, 2014

Import volume at the nation’s major retail container ports is expected to increase 12.4 percent in March as retailers begin to stock up for the spring and the summer season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.


“Retailers are bouncing back from the annual post-holiday slowdown and getting ready for the surge in activity that comes each year as the weather warms up,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Shelves are going to be well-stocked with everything from bathing suits to barbecues.”


“Congestion has been a problem for many ports during this slowdown, so operations will need to improve to handle the expected surge in the coming months,” Gold said. Cargo movement at some ports has been slowed by a number of issues recently, including severe winter weather and shortages of labor and equipment.


U.S. ports followed by Global Port Tracker handled 1.36 million Twenty-Foot Equivalent Units in January, the latest month for which after-the-fact numbers are available. That was up 5.3 percent from December and 4.1 percent from January 2013. One TEU is one 20-foot cargo container or its equivalent.


February, historically the slowest month of the year, was estimated at 1.17 million TEU, down 8.8 percent from the same month last year. March is forecast at 1.28 million TEU, up 12.4 percent from last year; April at 1.36 million TEU, up 5.1 percent; May at 1.44 million TEU, up 3.7 percent; June at 1.43 million TEU, up 5.3 percent, and July at 1.49 million TEU, up 3.4 percent. The first half of the year is expected to total 8 million TEU, up 3.5 percent over last year.


The total for 2013 was 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU.


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.


“At the end of the day, it all depends on consumption,” Hackett Associates Founder Ben Hackett said. “We cannot escape the basic tenant of economics that demand determines growth or weakness.  Somehow, the average consumer needs to be given the economic confidence to go out and spend. Without that, the economy will remain weak and no amount of tinkering by the Federal Reserve will have much of an impact.”



 

Maritime Today


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

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

People & Company News

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Shipping Corporation Q3 Profit Surges

The Shipping Corporation of India (SCI) declared its unaudited financial results for the quarter ended 31st December 2015 posting a net profit of Rs. 59.66 crores as against a net profit of Rs.

Ice Condition 3 for Delaware Bay

The Captain of the Port (COTP), Delaware Bay is notifying mariners that Ice Condition 3 has been set for the Port which includes the Delaware Bay and River, the C&D Canal,

Ports

Nautilus, Metro Move to New HQ in Long Beach

After more than 92 years of operating from various locations in Wilmington, Calif., Nautilus International Holding Corp., along with its subsidiaries Metro Ports,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Port of LA’s January Volumes Up 33%

704,398 TEUs leads Los Angeles to busiest January in port history    The Port of Los Angeles handled 704,398 Twenty-Foot Equivalent Units (TEUs) in January 2016,

News

Helsinki, Tyumen State Universities to form Arctic station

Within the framework of the international project Reeh, Tyumen State University in cooperation with the University of Helsinki are planning to create a unique Arctic observation stations.

HMAS Melbourne Returns

Royal Australian Navy frigate HMAS Melbourne is returning home to Australia after completing more than 50 boarding operations and seizing almost a tonne of heroin during a Middle Eastern deployment.

Nautilus, Metro Move to New HQ in Long Beach

After more than 92 years of operating from various locations in Wilmington, Calif., Nautilus International Holding Corp., along with its subsidiaries Metro Ports,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.1197 sec (8 req/sec)