13-09-2018

Box imports via US ports continue to break records, up 2.8pc in August

WITH retail sales still strong, volumes through US container ports continues on its record-breaking course, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.

WITH retail sales still strong, volumes through US container ports continues to grow, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.

Ports covered by the monthly report handled 1.9 million TEU in July, up 2.8 per cent from June and up 5.6 per cent year-over-year. .

"More tariffs could come any day, and retailers have been bringing in record amounts of merchandise ahead of that in order to mitigate the impact on their customers," said National Retail Federation vice president Jonathan Gold.

"Retail sales are growing stronger than expected this year thanks to tax cuts and job creation, but tariffs are the wild card that threatens to throw away a significant portion of those benefits," he said

August was estimated at 1.92 million TEU, up 4.8 per cent year-over-year. September is forecast at 1.83 million TEU, up 2.4 per cent; October at 1.88 million, up five per cent; November at 1.79 million TEU, up 1.7 per cent, and December also at 1.79 million TEU, up 3.6 per cent. January 2019 is forecast at 1.77 million TEU, up 0.4 per cent over January 2018.

August was the third month in a row to set a new record for the number of containers imported during a single month, following July’s 1.9 million TEU and June’s 1.85 million TEU. The previous record of 1.83 million TEU was set in August 2017.

The first half of 2018 totaled 10.3 million TEU, an increase of 5.1 per cent over the first half of 2017. The total for 2018 is expected to reach 21.4 million TEU, an increase of 4.4 per cent over last year’s record 20.5 million TEU.

The ports covered include Los Angeles/Long Beach, Oakland, Tacoma, Seattle, Houston, New York/New Jersey, Hampton Roads, Charleston, and Savannah, Miami, Jacksonville, Fort Lauderdale and Port Everglades.

Source: Schednet

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