Port of Los Angeles Some U.S. retailers are paying less to transport their merchandise this year due to the use of more large-capacity ships by ocean carriers, as the increased capacity has driven down freight rates, but the relief could be short-lived because some lines have already canceled voyages to counteract the downward trend, according to Ben Hackett of Hackett Associates. ”We are seeing complete chaos on the high seas in terms of the amount of capacity available and the level of spot freight rates,” Hackett said. ”One has to wonder why carriers cannot match supply to demand. The end result will likely be a highly volatile situation of freight rates moving up and down.” Import cargo volume at major U.S. retail container ports is expected to increase 3.6 percent this month over the same time last year, according to the monthly Global Port Tracker report released by the U.S. National Retail Federation and Hackett Associates. The report 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. ”Consumers might be out buying back-to-school supplies but toys and sweaters are starting to show up on the docks,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. ”There are still some lingering congestion issues but retailers are working with their supply chain partners to make sure all of that merchandise flows smoothly to store shelves.” Ports covered by Global Port Tracker handled 1.57 million TEU in June, the latest month for which after-the-fact numbers are available. That was down 2.5 percent from an unusually busy May but up 6.2 percent from June 2014. July was estimated at 1.59 million TEU, up 6 percent from 2014. August is forecast at 1.57 million TEU, up 3.6 percent; September at 1.59 million TEU, down 0.1 percent; October at 1.58 million TEU, up 1.2 percent; November at 1.45 million TEU, up 4.5 percent, and December at 1.4 million TEU, down 2.8 percent. Those numbers would bring 2015 to a total of 18 million TEU, up 4.2 percent from last year. The first half of 2015 totaled 8.9 million TEU, up 6.5 percent over the same period last year. -Source: worldmaritimenews.com
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Port of Los Angeles
Some U.S. retailers are paying less to transport their merchandise this year due to the use of more large-capacity ships by ocean carriers, as the increased capacity has driven down freight rates, but the relief could be short-lived because some lines have already canceled voyages to counteract the downward trend, according to Ben Hackett of Hackett Associates.
”We are seeing complete chaos on the high seas in terms of the amount of capacity available and the level of spot freight rates,” Hackett said. ”One has to wonder why carriers cannot match supply to demand. The end result will likely be a highly volatile situation of freight rates moving up and down.”
Import cargo volume at major U.S. retail container ports is expected to increase 3.6 percent this month over the same time last year, according to the monthly Global Port Tracker report released by the U.S. National Retail Federation and Hackett Associates.
The report 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.
”Consumers might be out buying back-to-school supplies but toys and sweaters are starting to show up on the docks,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. ”There are still some lingering congestion issues but retailers are working with their supply chain partners to make sure all of that merchandise flows smoothly to store shelves.”
Ports covered by Global Port Tracker handled 1.57 million TEU in June, the latest month for which after-the-fact numbers are available. That was down 2.5 percent from an unusually busy May but up 6.2 percent from June 2014.
July was estimated at 1.59 million TEU, up 6 percent from 2014. August is forecast at 1.57 million TEU, up 3.6 percent; September at 1.59 million TEU, down 0.1 percent; October at 1.58 million TEU, up 1.2 percent; November at 1.45 million TEU, up 4.5 percent, and December at 1.4 million TEU, down 2.8 percent.
Those numbers would bring 2015 to a total of 18 million TEU, up 4.2 percent from last year. The first half of 2015 totaled 8.9 million TEU, up 6.5 percent over the same period last year.
-Source: worldmaritimenews.com