Supply Chain News / Economic Development / Ground

April Retail Imports Expect 6.1 Percent Increase

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

April 8, 2014
Trans

Import volume at the nation’s major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“With winter over, retailers are stocking up in anticipation of a busy spring and summer,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers can expect plentiful supplies of merchandise.”

“A busy time is expected over the next few months, so retailers are keeping a close eye on the labor situation at West Coast ports to ensure that cargo continues to move smoothly,” Gold said, noting that the current contract for West Coast dockworkers expires June 30 but negotiations are not expected to begin until mid-May. “Companies are already exploring contingency plans in case of a disruption.”

U.S. ports followed by Global Port Tracker handled 1.26 million Twenty-Foot Equivalent Units (TEUs) in February, the latest month for which after-the-fact numbers are available. February is historically the slowest month of the year, and the number was down 8.4 percent from January and 1.4 percent from February 2013. One TEU is one 20-foot cargo container or its equivalent.

March was estimated at 1.31 million TEU, up 15 percent from the same month last year.

April is forecast at 1.38 million TEU, up 6.1 percent from last year;

May at 1.44 million TEU, up 3.8 percent;

June at 1.43 million TEU, up 5.5 percent;

July at 1.49 million TEU, up 3.1 percent,

and August at 1.51 million TEU, up 1.2 percent.

The first half of the year is expected to total 8.2 million TEU, up 5.5 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. Cargo volume does not correlate directly with sales but is a barometer of retailers’ expectations.

“There is positive news with both the rebound in U.S. retail sales in February and the new filings for jobless benefits hitting a fresh three-month low last week, suggesting that the economy is gaining momentum,” Hackett Associates Founder Ben Hackett said. “Our forecast continues to reflect the economic rebound and we remain convinced that 2014 will have sustainable growth.”

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

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Five Wearable Manufacturing Technologies of the Future

Video applications, Employee Monitoring, Field service, Plant monitoring, Improving employee safety.

For more manufacturing insights, visit www.exactonline.com.

 

Podcasts

Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.

 

Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions

                                         

More Podcasts

World Trade 100 Magazine

wt october 2014

2014 October

Check out the October 2014 edition of World Trade WT100, featuring our cover story: Logistics Drives Site Selection, plus much more!

Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members