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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Key to Somalia's Recovery

Piracy, terrorism and criminal activities originating in Somalia can only be addressed by creating a climate of security, engagement and empowerment that will encourage home grown businesses,

Long Beach Port Honors OOCL Executive

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners.

Ports

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Long Beach Port Honors OOCL Executive

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners.

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal,

Logistics

CEVA Airlifts Supplies to W. Africa for Ebola Response

CEVA Logistics - one of the world's leading supply chain management companies – airlifted  more than 70 tonnes  of urgent supplies to Monrovia, Liberia on October

Missouri River Basin is Booming

The U.S. Army Corps of Engineers Missouri River Basin Water Management Division is maintaining above normal releases at the four lower dams on the Missouri River.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators 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: 0.1972 sec (5 req/sec)