IMPORTS at big us container ports should remain at near-record levels this month, but may slip from last year's unusually high numbers as congestion slows cargo movement, according to the monthly Global Port Tracker from the National Retail Federation and Hackett Associates.
'The cargo is there for larger gains at several ports but congestion issues are impacting fluid operations,' NRF vice president Jonathan Gold said.
'Ships will eventually get unloaded but the pressure is on for everyone to work together to get the containers out as quickly as possible,' said Mr Gold.
Said Hackett Associates Founder Ben Hackett: 'Just when we thought things couldn't get any worse with the logistics supply chain, we've been proven wrong. From power outages and port shutdowns in Asia to backed-up ships and shortages of truck drivers in the United States, there are few positive signs that the movement of consumer goods or the supply of inputs needed for industrial production is getting better.'
Covid in Asia has slowed the loading of US-bound ships, while shortages of equipment, labour and outbound truck and rail capacity have continued to build congestion at US ports. Close to 75 ships were waiting at anchor to enter the Ports of Los Angeles and Long Beach recently, up from around 25 a month earlier, and backups are spreading to east coast ports as well.
Ports covered by Global Port Tracker handled 2.27 million TEU in August, the latest month for which final numbers are available. That was up 3.5 per cent from July and up 7.8 per cent from a year earlier and tied March as the second-busiest month since NRF began tracking imports in 2002.
May remains the busiest month on record at 2.33 million TEU.
October is forecast at 2.21 million TEU. That would be down 0.3 per cent from the same time last year, when imports surged dramatically as the economy reopened after the first wave of Covid and retailers rushed to meet pent-up consumer demand, but still the sixth-busiest month on record as imports remain high. The year-on-year decline would be the first since July 2020.
The congestion and disruption come in the middle of the 'peak season' for shipping when retailers stock up on holiday merchandise each year, but many retailers began bringing in holiday goods this summer to be sure sufficient inventory will be available.
November is forecast at 2.16 million TEU, which would be up 2.9 per cent year on year, and December is forecast at 2.1 million TEU, down 0.2 per cent. January 2022 is forecast at 2.17 million TEU, up 5.7 per cent from January 2021, and February 2022 is forecast at 1.9 million TEU, up 1.4 per cent year-over-year.
The first half of 2021 totalled 12.8 million TEU, up 35.6 per cent from the same period last year. For the full year, 2021 is on track to total 26 million TEU, up 18.1 per cent over 2020 and a new annual record topping last year's 22 million TEU. Cargo imports during 2020 were up 1.9 per cent over 2019 despite the pandemic.
Global Port Tracker covers Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the west coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the east coast, and Houston on the Gulf Coast.
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'The cargo is there for larger gains at several ports but congestion issues are impacting fluid operations,' NRF vice president Jonathan Gold said.
'Ships will eventually get unloaded but the pressure is on for everyone to work together to get the containers out as quickly as possible,' said Mr Gold.
Said Hackett Associates Founder Ben Hackett: 'Just when we thought things couldn't get any worse with the logistics supply chain, we've been proven wrong. From power outages and port shutdowns in Asia to backed-up ships and shortages of truck drivers in the United States, there are few positive signs that the movement of consumer goods or the supply of inputs needed for industrial production is getting better.'
Covid in Asia has slowed the loading of US-bound ships, while shortages of equipment, labour and outbound truck and rail capacity have continued to build congestion at US ports. Close to 75 ships were waiting at anchor to enter the Ports of Los Angeles and Long Beach recently, up from around 25 a month earlier, and backups are spreading to east coast ports as well.
Ports covered by Global Port Tracker handled 2.27 million TEU in August, the latest month for which final numbers are available. That was up 3.5 per cent from July and up 7.8 per cent from a year earlier and tied March as the second-busiest month since NRF began tracking imports in 2002.
May remains the busiest month on record at 2.33 million TEU.
October is forecast at 2.21 million TEU. That would be down 0.3 per cent from the same time last year, when imports surged dramatically as the economy reopened after the first wave of Covid and retailers rushed to meet pent-up consumer demand, but still the sixth-busiest month on record as imports remain high. The year-on-year decline would be the first since July 2020.
The congestion and disruption come in the middle of the 'peak season' for shipping when retailers stock up on holiday merchandise each year, but many retailers began bringing in holiday goods this summer to be sure sufficient inventory will be available.
November is forecast at 2.16 million TEU, which would be up 2.9 per cent year on year, and December is forecast at 2.1 million TEU, down 0.2 per cent. January 2022 is forecast at 2.17 million TEU, up 5.7 per cent from January 2021, and February 2022 is forecast at 1.9 million TEU, up 1.4 per cent year-over-year.
The first half of 2021 totalled 12.8 million TEU, up 35.6 per cent from the same period last year. For the full year, 2021 is on track to total 26 million TEU, up 18.1 per cent over 2020 and a new annual record topping last year's 22 million TEU. Cargo imports during 2020 were up 1.9 per cent over 2019 despite the pandemic.
Global Port Tracker covers Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the west coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the east coast, and Houston on the Gulf Coast.
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