NRF: US Imports on a Steady Rise

Image Courtesy: Port of LA

Import cargo volume at the United States’ major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year’s record high numbers, according to the National Retail Federation’s latest report.

“Last year was a roller coaster but this year we’re expecting a nice, steady climb right through the summer, NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

“We’re finally getting back to normal patterns as cargo builds up toward the back-to-school season and eventually the holiday season. Despite the year-over-year comparisons, these are still strong numbers.”

The projection follows NRF’s estimates that import cargo volume at major US retail container ports would grow toward the summer despite difficult comparisons with last year’s patterns, as 2015 was hit by the dockworkers dispute at the West Coast ports that clogged the ports.

Ports covered by the monthly Global Port Tracker report released by NRF and Hackett Associates handled 1.54 million Twenty-Foot Equivalent Units in February, up 3.7 percent from January and a dramatic 28.9 percent from unusually low figures in February 2015, when a new contract with dockworkers ended a near-shutdown at West Coast ports.

March was estimated at 1.35 million TEU, down 22.1 percent from the flood of traffic seen last year as the new contract released a backlog of cargo.

April is forecast at 1.5 million TEU, down 0.8 percent from last year; May at 1.58 million TEU, down 2.1 percent; June at 1.56 million TEU, down 0.6 percent; July at 1.61 million TEU, down 0.5 percent, and August also at 1.61 million TEU, down 3.9 percent, the report figures show.

The first half of 2016 is expected to total 9 million TEU, up 1.8 percent from the same period in 2015.

Major shipping lines are expected to add new super-large capacity vessels to routes between Asia and the U.S. West Coast which according to Hackett Associates is likely to bring lower shipping rates at the risk of “chaos” in the balance between supply and demand.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >