US: Import cargoes shot up during December
Retail imports are expected to rise 8.5% during February, as a tentative contract deal was reached with East Coast and Gulf Coast workers, but uncertainty remains around a key West Coast agreement.
The monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates showed that volumes rose 8% on last year in December, and were up 2.8% against November.
January's figures are expected to rise 4.6% to 1.34m Twenty-foot Equivalent Units (TEU) from January 2012. The port tracker is also forecasting a 3.6% rise in March to 1.29 TEU, a 4.4% rise in April to 1.36TEU, a 6.2% rise in May to 1.45TEU and a 4.9% rise in June to 1.45 TEU.
The International Longshoremen's Association, and the US Maritime Alliance reached a tentative agreement on a contract that averted a strike that could have shut down East Coast and Gulf Coast ports from Maine to Texas. The agreement is subject to reaching supplemental local agreements and ratification by union members.
On Wednesday, however, members of the International Longshore and Warehouse Union's Local 63 Office Clerical Unit voted down a tentative agreement with the Harbor Employers Association that ended an eight-day strike at the Ports of Los Angeles and Long Beach in November and December 2012.
Commenting on the port contract issues, NRF VP for supply chain and customs policy Jonathan Gold said: "We were very happy to see a deal on a tentative contract for the East Coast and Gulf Coast ports but we are urging the parties to quickly work out any outstanding issues and ratify the agreement as soon as possible.
"We need a long-term labour contract in place to give retailers and the other industries that depend on the ports confidence that cargo will continue flowing. We were disappointed that the LA/Long Beach clerical workers' contract wasn't ratified, but are encouraging the parties to work through their differences without a disruption."
An interactive databank with intelligence on the major apparel sourcing countries
- Under Armour defends questions over strategy
- Cheap polyester contributes to cotton import shift
- TPP trade pact in milestone signing by 12 nations
- Combating the new normal – 10 trends for 2016
- Who has pledged to ban the use of angora?
- Bangladesh factory fire renews worker safety fears
- Syrian refugee children found in Turkish factories
- China factory activity continues to deteriorate
- Key Bangladesh safety issues still not fixed
- H&M and Primark price rivalry reaches equilibrium
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024