We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Sea container imports on record pace for 2017
newsworthy

Sea container imports on record pace for 2017

August 10, 2017
DC Velocity Staff
No Comments

Continuing sales growth is driving imports at the nation's major retail containerports on a fast pace that could make August the busiest month ever, approaching a new annual record by the end of 2017, according to "the monthly "Global Port Tracker" report released yesterday by the National Retail Federation (NRF) and consulting firm Hackett Associates.

Ports covered in the report handled 1.69 million twenty-foot equivalent units (TEUs) in June, the latest month for which after-the-fact numbers are available. That was down 2 percent from May but up 7.5 percent from June 2016. July was estimated at 1.72 million TEU, up 5.6 percent from the same time last year, according to the report.

Looking ahead, August is forecast to reach 1.75 million TEU, up 2.1 percent from the same month last year, NRF said. That would be the highest monthly volume recorded since NRF began tracking imports in 2000, topping the 1.73 million TEU seen in March 2015. The 1.7-million-plus numbers seen in May and July and now expected for August and October would represent four of the six busiest months in the report's history.

Extending the forecast through year's end, those numbers would bring 2017 to a total of 19.7 million TEU, topping last year's previous record of 18.8 million TEU by 4.9 percent, according to NRF. That compares with 2016's 3.1-percent increase over 2015.

"Retailers are selling more, and that means they need to import more," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said in a statement. "With sales showing year-over-year increases almost every month for a long time now, retail supply chains are working hard to keep up. These latest numbers are a good sign of what retailers expect in terms of consumer demand over the next few months."

The import numbers come as the U.S. economy continues its run on an eight-year expansion, the report shows. Total retail sales have grown year-over-year every month since November 2009, and retail sales as calculated by NRF - excluding automobiles, gasoline stations, and restaurants—have increased year over year in all but three months since the beginning of 2010. Likewise, retail employment, despite recent short-term fluctuations, has increased by 1.5 million jobs during the same period.

The Global Port Tracker study, which is produced for NRF by Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach and Oakland, Calif., and Seattle and Tacoma, Wash., on the West Coast; New York/New Jersey, Hampton Roads, Va., Charleston, S.C., Savannah, Ga., and Port Everglades, Fla., and Miami on the East Coast; and Houston on the Gulf Coast.

Transportation Maritime & Ocean
KEYWORDS Hackett Associates NRF - National Retail Federation
  • Related Articles

    Sea container imports expected to set record in July

    Sea container imports to level off in November after months of record volumes, report says

    Sea container imports break another record as holiday season nears, report says

Recent Articles by DC Velocity Staff

Geek+ plans increased R&D in warehouse robots following $100 million funding

Carrier app streamlines freight procurement

UPS continues investments in lucrative healthcare arm

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

Report Abusive Comment

Most Popular Articles

  • FedEx agrees to buy 10% stake in Berkshire Grey

  • The robots are here. Now what?

  • No vacancy at the warehouse

  • XPO says planned spin-off will be called RXO

  • Shippers, battling escalating packaging costs, look for answers

Now Playing on DCV-TV

B733ed1b 0136 43ce af0c 290a6166b91b

With a freight recession likely, should your freight costs be going down?

DCV-TV 4: Viewer Contributed
With recent reports that the freight market appears to be softening, I’ve received some interesting emails and calls from logistics executives. They've shared some questions they've fielded from other C-Level executives who have seen reports from consultants or news articles and now are asking: “Why haven’t our...

FEATURED WHITE PAPERS

  • Choose the Best Auto ID Technology for Tracking RTIs

  • 8 ways your facility can benefit from Hyster Reaction

  • Why Use RFID to Track RTIs

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing