Home / Knowledge / News / Retail container traffic to be up 25% in H1
Retail container traffic to be up 25% in H1
09
Feb '10
Import cargo volume at the nation's major retail container ports will be a full 25 percent higher during the first half of 2010 compared with the same period a year ago, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“This is a dramatic turnaround over what we've seen during the past two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Increases in import volumes don't correspond directly with dollar volumes in sales, so caution has to be exercised when looking at these numbers. But retailers are clearly expecting to move more merchandise this year.”

U.S. ports handled 1.09 million Twenty-foot Equivalent Units in December, the latest month for which actual numbers are available. That was unchanged from November but up 2.6 percent from December 2008 to break a 28-month streak during which monthly totals were lower than the same month the year before. One TEU is one 20-foot cargo container or its equivalent.

January was estimated at 1.19 million TEU, a 17 percent increase over January 2009, and February, traditionally the slowest month of the year, is forecast at 1.1 million TEU, up 30 percent from the previous year. March is forecast at 1.18 million TEU, up 23 percent as retailers begin to stock up for spring and summer, April at 1.25 million TEU, up 27 percent, May at 1.3 million TEU, up 26 percent, and June at 1.38 million TEU, up 36 percent.

Those monthly numbers would put the first half of 2010 at 7.4 million TEU, up 25 percent from last year's 5.9 million TEU. With numbers from December now final, 2009 ended with a total volume of 12.7 million TEU, down 17 percent from 2008's 15.2 million TEU and the lowest since the 12.5 million TEU reported in 2003.

Hackett Associates founder Ben Hackett disagreed with economists who fear that the economy is in the middle of a W-shaped recovery where another dip could follow current signs of an upturn.

“This forecast assumes that we are not in a double-dip recession and that a recovery is underway,” Hackett said. “Although 2009 saw decreased import activity levels, the forecast for 2010 points towards growth.”

National Retail Federation

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

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

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
March 2017

March 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