{"id":17680,"date":"2022-05-09T08:58:29","date_gmt":"2022-05-09T13:58:29","guid":{"rendered":"https:\/\/www.miq.com\/?p=17259"},"modified":"2022-05-09T08:58:29","modified_gmt":"2022-05-09T13:58:29","slug":"u-s-ports-set-new-record-for-imports","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/u-s-ports-set-new-record-for-imports\/","title":{"rendered":"U.S. PORTS SET NEW RECORD FOR IMPORTS"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/us-ports-set-new-record-imports\">National Retail Federation Press Release-\u00a0 March 9, 2022<\/a><\/p>\n<p>WASHINGTON \u2013 Imports at the nation\u2019s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly <a href=\"https:\/\/u7061146.ct.sendgrid.net\/ls\/click?upn=4tNED-2FM8iDZJQyQ53jATUW5za6lnKNle4XWBgriPF5zaY4B2tg3ZnMk0H3T-2BjBsVu7P2pvn1yNSsBLTDoHzNT8ADfDCc49LMFYLGM-2B6xk6c-3DwtVI_YXLroU-2F9DCpI7O51hK6BzdQPBIarum3Ncw3CCaFlZhKsTFmimSGJZwpkKCb-2BvTAolXCJLap3wo-2BuIJK-2Bj9PLFz9pc5z02NtfOOMfkaKqIS2dp7cF6htXonTI6dCuRrtW2jpieZHkkJOvXPw5-2Bxq6egJtiDMbu4uKD-2BiUHU4dXcoE-2BX3MVvltyM9tkQ-2Fs3L1LywZ655t3P96qPza6b7wYYnzY09zCgXxaBTiO4s1nfIcPOqYi2TvEt4k4uTGZAdF7OrcI8mrXV2fVzCpvYOKmQguTYacXq9pnXoWjsmBSWNhieIvW8GzTJtV5Og6zomrY5FbYX3x5PRWPz00lQUzoLG0RiF9CfvvyHi8poUxdPgU-3D\">Global Port Tracker<\/a> report released today by the National Retail Federation and Hackett Associates.<!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-17260\" src=\"https:\/\/www.miq.com\/wp-content\/uploads\/2022\/05\/Chart-May-9.png\" alt=\"\" width=\"910\" height=\"618\" \/><\/p>\n<p>\u201cRetailers are importing record amounts of merchandise to meet consumer demand, but they also have an incentive to stock up before inflation can drive costs higher,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cWhether it\u2019s freight costs or the wholesale cost of merchandise, money retailers save is money that can be used to hold down prices for their customers during a time of inflation. In addition, retailers are preparing for any potential disruptions because of the West Coast port labor negotiations, which are set to begin next week. NRF has previously encouraged the parties to remain at the table and not engage in disruptions if a new contract is not reached by the time the current agreement expires July 1.\u201d<\/p>\n<p>U.S. ports covered by Global Port Tracker handled 2.34 million Twenty-Foot Equivalent Units \u2013 one 20-foot container or its equivalent \u2013 in March, the latest month for which final numbers are available. That was up 10.8 percent from February and up 3.2 percent year over year. It also topped the previous record of 2.33 million TEU set in May 2021 for the number of containers imported in a single month since NRF began tracking imports in 2002<\/p>\n<p>Ports have not yet reported April numbers, but Global Port Tracker projected the month at 2.27 million TEU, up 5.7 percent from last year. May is forecast at 2.3 million TEU, which would be down 1.4 percent from last year but nonetheless the third-highest level on record.<\/p>\n<p>\u201cConsumer spending is growing faster than income growth, perhaps as shoppers buy ahead of expected rising prices,\u201d Hackett Associates Founder Ben Hackett said. \u201cImporters are doing much the same as they continue to replenish their inventories. Doing so will protect them against potentially rising freight costs, further delays in the supply chain and complications in upcoming labor negotiations at U.S. West Coast ports.\u201d<\/p>\n<p>June is forecast at 2.29 million TEU, up 6.6 percent from last year; July at 2.31 million TEU, up 5.3 percent; August at 2.29 million TEU, up 0.9 percent, and September at 2.15 million TEU, up 0.3 percent.<\/p>\n<p>The first six months of 2022 are expected to total 13.5 million TEU, up 5.1 percent year over year. Imports for all of 2021 totaled 25.8 million TEU, a 17.4 percent increase over 2020\u2019s previous annual record of 22 million TEU.<\/p>\n<p><span>Click\u00a0<\/span><a href=\"https:\/\/nrf.com\/media-center\/press-releases\/us-ports-set-new-record-imports\"><span>here<\/span><\/a><span>\u00a0to access the National Retail Federation website for the entire press release.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: National Retail Federation Press Release-\u00a0 March 9, 2022 WASHINGTON \u2013 Imports at the nation\u2019s major retail container ports set a new record this spring and are expected to see&#8230;<\/p>\n","protected":false},"author":9,"featured_media":17262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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