Holiday Demand Drives Increased Container Traffic

press release
Tuesday, October 09, 2012

Retail Container Imports to Increase 9.9 Percent in October as Stores Stock Up for Holiday Season.

 

Import cargo volume at the nation’s major retail container ports is expected to increase 9.9 percent in October as merchants wrap up the annual shipping cycle for holiday merchandise, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

 

“NRF’s annual forecast says retailers should see solid growth during the holiday season this year and these cargo numbers back it up,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Increased imports show that retailers have gauged the market and expect increased sales.”

 

U.S. ports followed by Global Port Tracker handled 1.42 million Twenty-foot Equivalent Units in August, the latest month for which after-the-fact numbers are available. That was up 6.7 percent from July and 3.3 percent from August 2011. One TEU is one 20-foot cargo container or its equivalent.

 

September was estimated at 1.49 million TEU, up 8 percent from last year, and October is forecast at 1.45 million TEU, up 9.9 percent. August, September and October are the three busiest months of the year as retailers bring merchandise into the country for the holiday season, and volume for the three months combined is up 7 percent. While cargo volume doesn’t correlate directly with sales, NRF forecast last week that holiday sales will increase 4.1 percent to $586.1 billion this year.

 

With most holiday merchandise already at least in distribution centers by the end of October, monthly cargo volume will drop off for the remainder of the year but will remain above 2011 levels. November is forecast at 1.32 million TEU, up 2.4 percent from last year, and December is forecast at 1.28 million TEU, up 4.6 percent. After the holidays, January 2013 is forecast to stay at 1.28 million TEU, down one-half of 1 percent from January 2012, and February is forecast at 1.19 million TEU, up 9 percent from a year earlier.

 

The first half of 2012 totaled 7.7 million TEU, up 2.9 percent from the same period last year. For the full year, 2012 is expected to total 16 million TEU, up 4.1 percent from 2011.

 

Hackett Associates Founder Ben Hackett noted that some retailers brought cargo into the country early because of the threat of a strike when the labor contract covering East Coast and Gulf Coast longshoremen was set to expire September 30. The strike was averted when labor and management agreed to continue talks through December 31.

 

“Inventories are up, which could be due to lack of demand but it could also be due to pre-stocking in anticipation of the dock strike that didn’t come,” Hackett said. “Either way, it is within a narrow range of movement and it does not suggest that we are sliding into another recession.”

 

Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Long 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.globalportracker.com.
 

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

News

DMW Marine Takes the Lead in Military Cranes

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

USCG Tall Ship Sailing to the Bahamas

The U.S. Coast Guard Cutter Eagle is scheduled to arrive at Berth 14 at Prince George Wharf in Nassau, Bahamas on Thursday, May 28 as part of its 2015 cadet summer training deployment.

Logistics

SoCal Beach Cleanup Could Take Months

The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near

Myanmar Finds 200 Bangladeshis in Offshore Boat

Myanmar's navy found a boat carrying more than 200 Bangladeshis, the government said on Friday, after the military chief said some migrants landing in Malaysia

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

Consulting

Volume Up in Dutch Maritime Technology Sector

The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from EUR 6.4 billion in 2013 to EUR 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013.

Carrier Schedule Reliability Improves in April

Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records 67.6%, up by 4.1 percentage improvement on the previous month in the aggregate

European Ports Identify Their Priorities

European ports are real “multitaskers”: they combine different functions ranging from gateway to the world, nodes in the transport chain, hotspots for Europe’s industrial activity,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.2916 sec (3 req/sec)