Retailers remain cautious on merchandise imports

We are witnessing a period of import trade growth that is running more or less in sync with the U.S. economic expansion.
By Patrick Burnson, Executive Editor
June 10, 2013 - LM Editorial

Import volume at the nation’s major retail container ports is expected to increase 1.1 percent in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.



“With the economic recovery moving slowly, retailers are being cautious this summer and could hold off on stocking up for the holiday season until fall,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We aren’t expecting significant increases for imports until October, when retailers will have a better idea of what to expect for holiday demand.”




The underlying growth rate in the economy is stronger than the headline numbers suggest, IHS Chief Economist Nariman Behravesh, but he agreed that shippers remain “ultra-cautious” about hiring and capital spending.

U.S. ports followed by Global Port Tracker handled 1.31 million Twenty-foot Equivalent Units in April, the latest month for which after-the-fact numbers are available. That was up 14.6 percent from an unusually slow March but down 0.1 percent from April 2012. One TEU is one 20-foot cargo container or its equivalent.



May was estimated at 1.4 million TEU, up 2.2 percent from a year ago. June is forecast at 1.4 million TEU, up 1.1 percent from last year; July at 1.44 million TEU, up 1.9 percent; August at 1.43 million TEU, up 0.5 percent; September at 1.42 million TEU, up 0.8 percent; and October at 1.45 million TEU, up 7.9 percent.

The first six months of 2013 are expected to total 7.8 million TEU, up 1.9 percent from the first half of 2012. The total for 2012 was 15.8 million TEU, up 2.9 percent from 2011.


“We are witnessing a period of import trade growth that is running more or less in sync with the U.S. economic expansion. Unfortunately, both are anemic,” Hackett Associates Founder Ben Hackett said. “The impact of this extremely cautious consumer spending is that we expect import consumption to remain weak for the coming four to six months.”




About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Though the variations are endless, the right system is best achieved with careful planning toward a goal.

Dallas-Fort Worth-based regional operation offers service and support for key logistics hub.

This complimentary white paper addresses areas of potential benefit to a grocery distributor considering an investment in automated case picking technology.

In 2015, a new era in shipment pricing will go into effect when major carriers implement dimensional ("dim") weight pricing for all ground packages regardless of their size. This complimentary white paper, "Dimensional Weight: Don't Let it Weigh You Down", can help you optimize your packaging operation to minimize the financial impacts of dimensional weight pricing.

Replacing older, less-efficient lift trucks at the right time can reduce your maintenance costs, improve your productivity and, most importantly, save money and maximize your return on investment. So how do you determine the right time to make a new, significant purchase? Download this complimentary white paper for guidance on how to determine the ideal time to replace lift trucks and how planned replacement can benefit your operation.

Article Topics

News · Supply Chain · Container · Trade · TEU · Imports · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.