Home / Knowledge / News / Apparel/Garments / US retail imports stay over average as port talks continue
US retail imports stay over average as port talks continue
11
Sep '14
“Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels in September, but volume will drop from the record set in August, says a new report released by the National Retail Federation (NRF).

“The negotiations have made progress and retailers have been stocking up, but there’s still cargo that needs to arrive before the holiday season kicks off,” NRF Vice President for Supply Chain and Customs Policy, Jonathan Gold informs.

According to the Global Port Tracker report, import volume at U.S. ports covered by the tracker is expected to reach 1.47 million containers in September, down from the all-time monthly record of 1.53 million in August.

The contract between the Pacific Maritime Association and the International Longshore and Warehouse Union expired on July 1, prompting concerns about potential disruptions that could affect back-to-school or holiday merchandise.

A tentative agreement on health benefits was announced last month but the two sides are continuing to negotiate on other issues as dockworkers remain on the job.

U.S. ports followed by the Global Port Tracker handled 1.5 million Twenty-Foot Equivalent Units in July, up 1.1 percent from June and 3.7 percent from July 2013. One TEU is one 20-foot cargo container or its equivalent.

August was estimated at 1.53 million TEU, up 2.9 percent year-on-year and September is forecast at 1.47 million TEU, up 2.4 percent from last year. October is forecast at 1.51 million TEU, up 5.5 percent and November at 1.39 million TEU, up 3.8 percent.

These numbers, NRF said, would bring 2014 to a total of 17.1 million TEU, an increase of 5.3 percent over 2013’s 16.2 million TEU. The first half of the 2014 totalled 8.3 million TEU, up 7 percent over the corresponding period of last year.

The import numbers come as NRF is forecasting 3.6 percent sales growth in 2014. “Cargo volume does not correlate directly with sales but is a barometer of retailers’ expectations”, NRF notes.

Hackett Associates founder - Ben Hackett informs that cargo levels have bounced back since the lows seen during the 2009 recession, but that the recovery has not been as steady as those after previous recessions.

“The North American economy is certainly growing, but at lower rates than one would expect coming out of a deep recession,” Hackett said. “It remains hesitant, growing in spurts rather than in a sustained pattern.” (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search