Zepol Corporation, a trade intelligence company, reports that U.S. import shipment volume for June, measured in TEUs, was down 3.7 percent from May, but is up 4.4 percent from June 2011. Similarly, Q2 of 2012 has topped last year at this time by 4.7 percent. Although there was a drop from last month, June had the second-highest TEU imports so far this year, outdoing January by a slight 1 percent. Last year saw a comparable trend in the summer months with a moderate dip in June, but spikes in July and August.
Import cargo volume at the nation's major retail container ports is expected to increase 1.6 percent in July compared with the same month last year, and modest year-over-year increases are expected through the holiday season shipping cycle, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
In a letter sent today, the Retail Industry Leaders Association (RILA) urged the International Longshoremen's Association and the United States Maritime Alliance Ltd. to reach a contract agreement well in advance of the September 30 deadline in order to prevent a disruption to the flow of goods and the lasting economic affects that would result.
Projects FPS, the new project-forwarding and third-party logistics arm of Famous Pacific Shipping Lanka, has created a dedicated logistics center at the Port of Colombo in Sri Lanka.
The American Association of Port Authorities says delays in setting technical specifications for Transportation Worker Identification Credential card scanners could force ports to shoulder extra costs.
The North European containerport market bounced back strongly from the economic downturn. Total demand reached 57.9 million TEUs in 2011, representing an increase of 22 percent since 2009. The eastern Baltic is seeing particularly strong growth.
U.S. ports plan to spend more than $46bn over the next five years in anticipation of fierce global competition for exports and imports, a report by the American Association of Port Authorities shows.
International trade data indicates that U.S. import shipment volume for May, measured in TEUs, increased 5.6 percent from April and 3.5 percent from May 2011.
The latest news, analysis, services and systems regarding global seaports and airports and their impact on global supply chains. Today’s companies are transporting and delivering goods to more international customers than ever before through global ports and free and foreign trade zones. As infrastructure around these global gateways continues to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving supply chain operations through their strategic use of global seaports and airports.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.