{"id":17694,"date":"2022-07-08T11:14:19","date_gmt":"2022-07-08T16:14:19","guid":{"rendered":"https:\/\/www.miq.com\/?p=17341"},"modified":"2022-07-08T11:14:19","modified_gmt":"2022-07-08T16:14:19","slug":"u-s-ports-set-another-record-as-volume-remains-high-and-west-coast-labor-contract-talks-continue","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/u-s-ports-set-another-record-as-volume-remains-high-and-west-coast-labor-contract-talks-continue\/","title":{"rendered":"U.S. PORTS SET ANOTHER RECORD AS VOLUME REMAINS HIGH AND WEST COAST LABOR CONTRACT TALKS CONTINUE"},"content":{"rendered":"

WASHINGTON \u2013 <\/span>Imports set another record high this spring as the nation\u2019s major container ports worked to reduce congestion and retailers stocked up before dockworkers\u2019 West Coast labor contract expired, according to the monthly Global Port Tracker<\/a> report released today by the National Retail Federation and Hackett Associates.<\/p>\n

\"\"<\/a><\/p>\n

\u201cCargo volume is expected to remain high as we head into the peak shipping season, and it is essential that all ports continue to operate with minimal disruption,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cSupply chain challenges will continue throughout the remainder of the year, and it is particularly important that labor and management at West Coast ports remain at the bargaining table and reach an agreement.\u201d<\/p>\n

The contract between the International Longshore and Warehouse Union and the Pacific Maritime Association expired July 1, but cargo operations are continuing. NRF and more than 150 groups wrote to President Biden last week asking the administration to work with both sides to avoid disruption<\/a>.<\/p>\n

Ports saw a surge in activity this spring as a slowdown in cargo from Chinese factories closed by COVID-19 gave them a chance to clear built-up congestion. Retailers bringing in seasonal merchandise and importing other goods early to avoid any problems related to the contract negotiations may have also contributed to volume.<\/p>\n

\u201cCongestion of ships waiting to berth on the West Coast has eased, and we expect to see the same on the East Coast as carriers begin to return to their normal patterns of port calls,\u201d Hackett Associates Founder Ben Hackett said. \u201cAfter a short period of decline, freight rates are on the rise again as congestion in Europe and idle vessels there take capacity out of circulation.\u201d<\/p>\n

U.S. ports covered by Global Port Tracker handled 2.4 million Twenty-Foot Equivalent Units \u2013 one 20-foot container or its equivalent \u2013 in May, the latest month for which final numbers are available. That was up 6 percent from April and up 2.7 percent year over year. It also set a new record for the number of containers imported in a single month since NRF began tracking imports in 2002, topping 2.34 million TEU this March.<\/p>\n

Ports have not yet reported June numbers, but Global Port Tracker projected the month at 2.25 million TEU, up 4.8 percent from the same month last year. That would bring the first half of the year to 13.5 million TEU, a 5.4 percent increase year over year.<\/p>\n

July is forecast at 2.31 million TEU, up 5.3 percent from last year, and would be the fourth-busiest month on record. August is forecast at 2.26 million TEU, down 0.5 percent year over year; September at 2.12 million TEU, down 0.8 percent; October also at 2.12 million TEU, down 4.1 percent, and November at 2.06 million TEU, down 2.5 percent.<\/p>\n

The year-over-year declines during the second half of the year contrast with unusually high numbers during the same period in 2021, but volumes remain high, and the full year is still expected to see a net increase over 2021. 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

Click\u00a0<\/span>here<\/span><\/a>\u00a0to access the National Retail Federation website for the entire press release.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2013 Imports set another record high this spring as the nation\u2019s major container ports worked to reduce congestion and retailers stocked up before dockworkers\u2019 West Coast labor contract expired,…<\/p>\n","protected":false},"author":9,"featured_media":17339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"\nU.S. PORTS SET ANOTHER RECORD AS VOLUME REMAINS HIGH AND WEST COAST LABOR CONTRACT TALKS CONTINUE - USA<\/title>\n<meta name=\"description\" content=\"WASHINGTON \u2013 Imports set another record high this spring as the nation\u2019s major container ports worked to reduce congestion and retailers stocked up before National Retail Federation and Hackett Associates, NRF, COVID-19, Global Port Tracker, Chinese, International Longshore Association, Warehouse Union, Pacific Maritime Association\" \/>\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\/u-s-ports-set-another-record-as-volume-remains-high-and-west-coast-labor-contract-talks-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. PORTS SET ANOTHER RECORD AS VOLUME REMAINS HIGH AND WEST COAST LABOR CONTRACT TALKS CONTINUE - 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