By Lisa Baertlein LOS ANGELES, Oct 14 (Reuters) – Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation’s busiest seaport said on Wednesday. Workers unloaded 471,795...
U.S. IMPORTS
Increased Road and Rail Freight Rates Endangering US Imports
- US importers and domestic shippers are facing more pain from increasing road and rail freight rates.
- Despite a boost in retail sales, US rail volumes remain considerably below pre-COVID-19 levels.
- Intermodal traffic hit bottom in April when volumes were down about 20% and have been recovering ever since.
- Trucking customers feeling the pinch with spot rates near record highs and trumped volume trajectories.
- However, The CASS Freight Index Report predicts upward momentum in volumes going...
https://mfame.guru/increased-road-and-rail-freight-rates-endangering-us-imports/
U.S. Imports Surge as Pandemic Worries Have Retailers Stockpiling
By Lisa Baertlein LOS ANGELES, Sept 25 (Reuters) – The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing coronavirus from ruining its Christmas sales. The move from the company, which...
U.S. Retail Imports Witness Lowest Annual Total in 4 Years
- Imports at major U.S. retail container ports are expected to see their lowest in 2020.
- The retailers are being careful not to import more than they can sell.
- U.S. ports covered by Global Port Tracker handled 1.61 million TEU in June.
- That was up 4.9% from May but down 10.5%year-over-year.
- July was estimated at 1.76 million TEU, down 10.2% year-over-year.
- 2020 is set to see a drop of 9.4% from 2019 and the lowest annual total of 19.1 million TEU in 2016.
According to an article published in...
https://mfame.guru/u-s-retail-imports-witness-lowest-annual-total-in-4-years/
Covid 19 Hit Transatlantic and Transpacific Route Freight Rates
- Transatlantic and Transpacific shipping rates display a strike contrast to each other in the present Covid 19 situation.
- On one side, the freight rates for the transpacific reaches new heights with Asian exports, on the other side, the transatlantic trade route with European exports is getting worse.
- Whereas, freight rates for the two trade routes were vice-versa prior to Covid-19 with transatlantic enjoying a good share of the U.S. imports and transpacific doing poorly.
- U.S. importers...
https://mfame.guru/covid-19-hit-transatlantic-and-transpacific-route-freight-rates/
U.S. retail imports remain strong
Imports at the U.S. major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released on Nov. 9 by the National Retail Federation and Hackett Associates.
“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice...