Insights - July 2016 - (Page 13)

2014-2016 YEARLY TRAFFIC TOTALS BY MONTH Source: IANA Equipment Type, Size and Ownership data file Effective January 2016, IANA data and statistics products began providing a more comprehensive picture of North America's intermodal business through coverage that includes movements into, out of and within Mexico. For more information, visit or contact Art Cleaver at 301-982-3400, ext. 346. Freight Reports Imports Rise in March, Inventories Still High According to the June 7 Global Port Tracker report released by the National Retail Federation and Hackett Associates, the nation's top containerports handled 1.44 million TEUs in April 2016, the latest month for which after-the-fact numbers are available. That was up 9.1 percent from March but down 4.6 percent in April 2015. "The unusual patterns seen last year in the aftermath of the West Coast ports slowdown are continuing to make valid year-over-year comparisons difficult," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. "Retailers are balancing imports with existing inventories but consumers can expect to see plenty of merchandise on the shelves for both back-to-school and the holidays." May was estimated at 1.54 million TEU, down 4.2 percent from the same month last year. The first half of 2016 is expected to total 8.9 million TEU, up 0.3 percent from the same period in 2015. Total volume for 2015 was 18.2 million TEU, up 5.4 percent from 2014. "Our port models are projecting weak imports in volume terms, not to be confused with the dollar value," Hackett Associates Founder Ben Hackett said. "Inventories remain very high, pointing to an overstocked situation that will depress the volume of imports in the coming peak season. Unless inventories drop through further increased consumer spending, import growth will remain sparse." 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. Intermodal Volumes Fall in May Total intermodal volumes fell 6.5 percent in May relative to the same period last year. While domestic container shipments did gain 3.0 percent, intermodal trailer and international volumes fell 31.2 percent and 9.3 percent respectively. Total year-to-date growth was -1.9 percent. For information on subscribing to IANA's Intermodal Market Trends & Statistics Report, which includes expanded information on Mexican intermodal movements as of January 2016, go to Truck Tonnage Drops Again in April American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index decreased 2.1 percent in April, following a 4.4 percent drop during March. In April, the index equaled 134.8, based on ATA's convention of 2000=100, down from 137.6 in March. February's level is an all-time high. July 2016 | Intermodal Insights 13

Table of Contents for the Digital Edition of Insights - July 2016

Insights - July 2016
Restart Legislation Gets a Restart
Speed Limter Rule May Advance
Industry Gets Closer to SOLAS Compliance
DOC Delays Tire Duty Decision
Changes Proposed to IANA Bylaws
Information Services News
Inspection Metrics Report
Early Recognition and Support Helped Intermodal Grow
Taking It to the Street
Freight Reports
State Legislative Update
Sustainability News
Port News
People in the News
Intermodal EXPO 2016 Education Session by Stakeholder Interest
Intermodal EXPO 2016 Education Session Descriptions
In Brief
2016 Sponsors
Welcome New Members
Intermodal Calendar

Insights - July 2016