US Ports' Retail Imports Predicted to Rise Despite Sequestration

Press Release
Monday, April 08, 2013

The monthly Global Port Tracker report released by the National Retail Federation & Hackett Associates, predicts a 2.7% April 2013 retail import rise.

With US Customs officials saying they hope to minimize the impact of federal spending cuts on cargo processing, import volume at the nation’s major retail container ports is expected to increase 2.7 percent in April over the same month last year.

“The impact of sequestration isn’t yet fully known, but Customs officials are working hard to manage their resources and keep cargo moving,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Between their efforts to avoid delays and retailers’ adjustments to compensate, we’re not expecting consumers to see any difference on store shelves at this point. We are working closely with Customs to ensure that that remains the case.”



U.S. Customs and Border Protection told businesses last week that federal “sequestration” cuts that took effect in March could still have a “serious impact” on the agency, including increased wait times for customs inspections at ports. But officials said recent passage of the Fiscal Year 2013 appropriations bill by Congress “allows CPB to mitigate to some degree the impacts.” Staff furloughs and cuts in overtime that were previously expected have not been canceled but have been put on hold.



NRF has been participating in weekly conference calls held by CPB leadership with key trade associations and making sure the agency is aware of retailers’ concerns and the impact sequestration cuts could have on the industry, consumer spending and the economy.


“Economic indicators continue to present a mixed picture of the prospects for the remainder of the year,” Hackett Associates Founder Ben Hackett said. “Sequestration does not help but on the other hand is not yet a major factor to take into account.”


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

People & Company News

Transas: The Bridge to Tomorrow

Transas was founded in 1990, by a group of former navigators and engineers, who at that time envisioned ways in which computers could revolutionize maritime safety, communications and security.

ZF Celebrating 100th Anniversary

2015 marks the 100th anniversary of the foundation of ZF Friedrichshafen AG   Zahnradfabrik GmbH was founded in 1915, and through a 100-year history has developed

Signal Ship Repair Achieves OSHA Milestone

Signal International announced that on December 31, 2014, the Signal Ship Repair Operations located in Mobile, Alabama achieved one full year and worked 387,926 manhours,

Ports

Puget Sound Container Volumes Flat in 2014

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.

New Berthing System for Mooring Cargo Ships

Eagle Rock Aggregates, U.S. subsidiary of Polaris Materials Corporation, has completed a new aggregate import facility at the Port of Long Beach that features a

Damen Delivers Workboat to Multraship

Towage and salvage operator Multraship has taken delivery of the first of two customized Damen Stan Launch 804s vessels for its line handling and boatmen service companies in Terneuzen,

Logistics

Puget Sound Container Volumes Flat in 2014

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.

AAL Launches New Operation in Japan

AAL has announced the launch of a new operation in Japan AAL said the move aims to provide services and on-ground operational support directly to customers in the country,

Port of Redwood City Sees Cargo Increase

The Port of Redwood City experienced a five percent increase in cargo movement across its docks for the first half of fiscal year 2014/2015 that ended December 31, 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction 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: 0.2684 sec (4 req/sec)