Insights - January 2016 - (Page 10)
IANA's Intermodal Market Trends and
Statistics go to www.intermodal.org.
Import Volumes Level
with Last Holiday Push
According to the Dec. 8 Global
Port Tracker report released by
the National Retail Federation and
Hackett Associates, the nation's top
containerports handled 1.56 million
twenty-foot equivalent units in October,
the latest month for which after-thefact numbers are available. That was
down 4.1 percent from September and
0.1 percent from a year ago.
November import cargo volumes
at major U.S. retail containerports were
tracking essentially unchanged in
year-over-year comparisons as stores
brought in the last round of merchandise for the holiday season. The month
was estimated at 1.5 million TEUs, up
7.4 percent from 2014, and December's
forecast was placed at 1.44 million
TEUs, down 0.1 percent from 2014.
Those numbers would bring 2015 to a
total of 18.3 million TEUs, up 5.5 percent from 2014.
NRF was forecasting a 3.7 percent
increase in holiday sales over the 2014
season. Cargo volume does not directly
correlate with sales figures, NRF pointed
out, because each container counts the
same regardless of the value of its contents. Cargo does, nonetheless, provide
a barometer of retailers' expectations.
"Retailers went into the season
with strong inventories that ensured
consumers would have a good depth
and breadth of selection, and that
should hold true for the remainder of
the season," said Jonathan Gold, vice
president for supply chain and customs
policy for NRF.
"U.S. retail sales increased in October by the most in three months and
consumer sentiment rose as well, but
the inventory-to-sales ratio remained
stubbornly high at levels not seen since
the Great Recession in 2009," said Ben
Hackett, founder of Hackett Associates.
"Personal savings increased, but on the
flip side so did the use of credit cards."
Global Port Tracker covers the U.S.
ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West
Coast; New York/New Jersey, Hampton
Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast,
and Houston on the Gulf Coast.
FIT Signs Long-Term
Lease at Port Everglades
Florida International Terminal
renewed its long-term marine terminal
lease with Port Everglades.
The agreement includes relocating the FIT terminal within the port's
Southport area during construction for
the Southport Turning Notch Extension
The project will lengthen the existing deepwater turn-around area from
900 feet to 2,400 feet, which will allow
for up to five new cargo berths. Construction is expected to begin in early
2017 and be completed by the end of
10 Intermodal Insights | January 2016
Table of Contents for the Digital Edition of Insights - January 2016
Bill Would Eliminate Risk of Port Slowdowns
Driver Coercion Rule Finalized
Five-Year Transportation Bill Passed
Broome and George Join IANA Board
IANA Names New 2016 Officers
IANA Welcomes New General Counsel
FAST Act Moves Freight Forward
Nominations Sought for Silver Kingpin Award
Legislation and Regulation Top the Intermodal Stories of 2015
People in the News
Welcome New Members
2015 Article Index by Subject
Insights - January 2016