Nov 10, 2015
Ports see ‘dramatic difference’ from last year as holiday merchandise arrives

Import cargo volume at the nation’s major retail container ports is expected to increase 8.3 percent this month over the same time last year as consumers begin their holiday shopping, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Conditions aren’t perfect but the ports are running reasonably well,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “That’s a dramatic difference from this time last year, when the West Coast ports were experiencing slowdowns and congestion from labor negotiations. Retailers had instituted costly contingency plans but were still worried about whether merchandise would be unloaded in time for the holidays. This year, most merchandise has already arrived and replenishment should not be a problem.”

The cargo report comes as NRF is forecasting a 3.7 percent increase in holiday sales this year over 2014. Cargo volume does not directly correlate with sales figures because each container counts the same regardless of the value of its content, but nonetheless provides a barometer of retailers’ expectations.

Ports covered by Global Port Tracker handled 1.62 million twenty-foot equivalent units in September, the latest month for which after-the-fact numbers are available. That was down 3.5 percent from August but up 2.2 percent from a year ago. One TEU is one 20-foot-long cargo container or its equivalent.

October was estimated at 1.63 million TEU, up 4.5 percent from 2014. November is forecast at 1.51 million TEU, up 8.3 percent, and December at 1.44 million TEU, up 0.4 percent.

Those numbers would bring 2015 to a total of 18.35 million TEU, up 6.1 percent from last year. The first half of 2015 totaled 8.9 million TEU, up 6.5 percent over the same period last year.

January 2016 is forecast at 1.46 million TEU, up 18.5 percent from weak numbers seen a year earlier just before West Coast dockworkers agreed in February 2015 on a new contract that ended a months-long labor dispute. February 2016 is forecast at 1.41 million TEU, up 17.9 percent, also skewed by the labor dispute. March is forecast at 1.35 million TEU, down 21.9 percent from a year ago because of large volumes seen after the contract agreement.

“Inflation remains non-existent, which worries the Federal Reserve, but with unemployment at 5 percent we expect to see rising take-home pay that will translate into higher sales,” Hackett Associates Founder Ben Hackett said. “In sum, the U.S. economy is doing well.”

Hackett said a recent review of Global Port Tracker forecasts shows that “our forecasting models are working well and that our qualitative input has a good measure of the economy.” The November 2014 forecast for West Coast imports during January-October 2015, for example, turned out to be within 1 percent of the 8.97 million TEU actually imported during the period. The 15.8 million TEU forecast for all U.S. ports for the same period came in within 4 percent of the actual figure.




Social Connections


Introducing Viva Magenta: Pantone’s 2023 Color of the Year. Pantone describes the 2023 Color of the Year as a nuanced crimson red tone that presents a balance between warm and cool. PANTONE 18-1750 Viva Magenta is also a hybrid color, said by Pantone to comfortably straddle the physical and virtual, evocative of the multi-dimensional world. “Viva Magenta is a transformative red tone capable of driving design to create a more positive future,” the company said.📸: Huge ... See MoreSee Less
View on Facebook

Upcoming Trade Shows

Dec 16 – 18

Mid-South Jewelry and Accessories Fair

Memphis, TN USA
Jan 4 – 6, 2023

Surf Expo

Orlando, FL USA
Jan 4 – 10, 2023

Dallas Total Home & Gift Market

Dallas, TX USA
Jan 10 – 12, 2023

Halloween & Party Expo Virtual Experience

Las Vegas, NV USA
Jan 10 – 16, 2023

Atlanta Market

Atlanta, GA USA
Jan 10 – 13, 2023

Lightovation: Dallas International Light Show

Dallas, TX USA
GS+ Fall 2022 cover
Get one year of Gift Shop Plus in both print and digital editions for just $16.

Interested in reading the print edition of Gift Shop Plus?

Subscribe Today »

website development by deyo designs