Source: National Retail Federation Press Release – June 7, 2021
Imports at the nation’s largest retail container ports saw their busiest April on record and May could turn out to have set a new all-time record as vaccines allowed consumers to return to normal shopping patterns, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
A number of COVID-19 cases had emerged at the port last week, and tightened health and safety measures have been rolled out by local authorities. This advisory includes the latest updates, as well as contingency plans from our carrier partners.
During the month of May, 2021, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the May 2021 Logistics Link.
Transpacific Market U.S. Imports from Asia in April increased by 29.3% on a year over year basis to 1.55 million TEU, according to IHS Market. While this does represent a 6.6% month over month decrease in volume, the decline should not be attributed to a softening in demand but rather due to continued capacity disruptions caused by heavy congestion across the entire Transpacific network.
Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
During the month of April, 2021, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the April 2021 Logistics Link.
There will be a substantial shortage of capacity from Asia to the U.S. in the months of May and June, which will further impact the already very difficult market. Mediterranean Shipping Company (MSC) intends to withdraw several voyages covering all their Asia to U.S. services, in an attempt to regain schedule integrity and to alleviate some of the ongoing congestion at ports and intermodal ramps in the USA.
During the past year, there have been numerous disruptions to the flow of commerce in and out of the United States, due to the coronavirus pandemic. The latest is the impact on truck availability at our nation’s ports.
The situation in the Suez Canal has now been resolved, with the backlog having cleared and all vessels proceeding to their destinations. The impact on Noatum North America and its customers was thankfully minimal.
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
