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.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Sea container imports expected to set record in July
Forward Thinking

Sea container imports expected to set record in July

July 11, 2018
Supply Chain Quarterly Staff
No Comments

Imports at the nation's major container ports are projected to set a new record this month, as increasing consumer demand and rising retail sales offset the initial impact of tariffs on goods from China, according to the monthly "Global Port Tracker" report released by the National Retail Federation (NRF) and consultancy Hackett Associates.

The 12 U.S. ports covered by Global Port Tracker handled 1.82 million twenty-foot equivalent units (TEU) in May, the latest month for which after-the-fact numbers were available. That was up 11.6 percent from April—as the annual wave of summer merchandise began to arrive—and up 4.3 percent year-over-year, according to the report. A TEU is one 20-foot-long cargo container or its equivalent.

June volume is estimated at 1.83 million TEU, up 6.8 percent year-over-year, July is forecast at 1.87 million TEU, up 3.8 percent, and August is forecast at 1.91 million TEU, up 4.2 percent, according to the report. The June number tied the record of 1.83 million TEU imported during a single month—set in August 2017—the forecast for July would break that record, and August would set yet another record.

Hackett Associates forecasts that trade tariffs will eventually raise prices on consumer goods and slow the nation's imports, but said that the momentum of a strong economy will delay that effect. "Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow for the foreseeable future," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said in a statement. "As tariffs begin to hit imported consumer goods or the parts and equipment needed to produce U.S. goods, these hidden taxes will mean higher prices for Americans rather than significant changes to international trade."

"July 6 was the beginning of the United States' trade war," Hackett Associates Founder Ben Hackett said, referring to U.S. tariffs on $34 billion in Chinese products that took effect on Friday. "There will be no winners, only losers - particularly consumers - as costs increase."

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, Port of Virginia, Charleston, S.C., Savannah, Ga., and Port Everglades, Fla., Miami and Jacksonville on the East Coast; and Houston on the Gulf Coast.

  • Related Articles

    Sea container imports expected to grow 4.9 percent in first half of 2018, NRF-Hackett report says

    U.S. sea container imports on record pace for 2017

    Sea container imports seen growing 7 percent in 2017, NRF-Hackett report says

Recent Articles by Supply Chain Quarterly Staff

FedEx and Aurora expand autonomous trucking pilot

Report: Chaotic peak shipping season ahead

Florida 3PL Fox Logistics acquires Boxton freight quoting platform

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

Report Abusive Comment

Most Popular Articles

  • Logistics pros warn of business impact from Russia-Ukraine war

  • Container prices continue to drop

  • How to resolve your inventory dilemma

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

  • Fixed vs. Flexible Automation: Which Option is Better for 3PLs?

  • Enhancing Relationships in Logistics through Data & Collaboration

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

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