{"id":17428,"date":"2019-04-09T10:31:11","date_gmt":"2019-04-09T15:31:11","guid":{"rendered":"https:\/\/www.miq.com\/?p=13507"},"modified":"2019-04-09T10:31:11","modified_gmt":"2019-04-09T15:31:11","slug":"retail-imports-rising-again-as-summer-approaches","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/retail-imports-rising-again-as-summer-approaches\/","title":{"rendered":"Retail Imports Rising Again as Summer Approaches"},"content":{"rendered":"

Source: National Retail Federation April 8, 2019<\/a><\/p>\n

With tariff increases delayed for the foreseeable future and the busy summer season approaching, imports at the nation\u2019s major retail container ports are beginning to climb again, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.<\/p>\n

\u201cRetailers are starting to stock up in anticipation of a strong summer,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cTariff increases are on hold and progress is being reported in talks between the United States and China, so the imports we\u2019re seeing now are driven primarily by expectations for consumer demand.\u201d<\/p>\n

\"National<\/p>\n

U.S. ports covered by Global Port Tracker handled 1.62 million Twenty-Foot Equivalent Units in February, the latest month for which after-the-fact numbers are available. That was down 14.3 percent from January and down 4 percent year-over-year. February is traditionally the slowest month of the year because of Lunar New Year factory shutdowns in Asia and the lull between retailers\u2019 holiday and summer seasons. A TEU is one 20-foot-long cargo container or its equivalent.<\/p>\n

March was estimated at 1.63 million TEU, up 5.9 percent year-over-year. April is forecast at 1.75 million TEU, up 6.9 percent; May at 1.9 million TEU, up 4 percent; June at 1.89 million TEU, up 2 percent; July at 1.96 million TEU, up 2.9 percent, and August at 1.97 million TEU, up 4.3 percent. The August number would be the highest since the record 2 million TEU set last October as retailers brought holiday merchandise into the country ahead of expected tariff increases.<\/p>\n

Imports during 2018 set a new record of 21.8 million TEU, an increase of 6.2 percent over 2017\u2019s previous record of 20.5 million TEU. The first half of 2019 is expected to total 10.7 million TEU, up 3.7 percent over the first half of 2018.<\/p>\n

\u201cThe U.S. consumer, while more cautious, has not stopped spending,\u201d Hackett Associates Founder Ben Hackett said. \u201cThe inventory-to-sales ratio, however, is on the rise. Part of this can be attributed to the heavy front-loading of imports ahead of expected tariff increases that took place in 2018.\u201d<\/p>\n

U.S. tariffs of 10 percent on $200 billion worth of Chinese goods that took effect last September were scheduled to rise to 25 percent in March, but the increase was postponed by President Trump, citing progress in talks between Washington and Beijing. The tariff increase has been put on hold indefinitely while the negotiations continue.<\/p>\n

Click\u00a0here\u00a0<\/strong><\/a>to access the entire release from the National Retail Federation website.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: National Retail Federation April 8, 2019 With tariff increases delayed for the foreseeable future and the busy summer season approaching, imports at the nation\u2019s major retail container ports are…<\/p>\n","protected":false},"author":9,"featured_media":13512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,361],"tags":[],"class_list":["post-17428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-logistics-market","category-ocean-market"],"yoast_head":"\nRetail Imports Rising Again as Summer Approaches - USA<\/title>\n<meta name=\"description\" content=\"Global Port Tracker, NRF, U.S. ports, retail imports, TEU, retail container ports, Hackett Associates, tariff increases, tariffs, consumer demand\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.noatumlogistics.com\/us\/retail-imports-rising-again-as-summer-approaches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Imports Rising Again as Summer Approaches - 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