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News / Global Logistics

EVER GIVEN HAS BEEN REFLOATED, AUTHORITY CONFIRMS

Inchcape Shipping Services has announced that the container ship blocking the Suez Canal has been refloated as of early this morning, Monday, March 29. The good news has also been confirmed by Osama Rabie, head of the Suez Canal Authority, according to his statement with state TV, published by CNN.

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION – UPDATE #5

The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the lowest ever recorded, and down 33.5% year over year. The transpacific trade from Asia to the U.S. was substantially affected in January, with reliability sinking to 13.8% to the West Coast (second lowest on record), and 21.5% to the East Coast – also a record.

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IMPORTS TO SEE DOUBLE-DIGIT ANNUAL DECLINES EVEN AS STORES BEGIN TO REOPEN

Source:  National Retail Federation Press Release – May 8, 2020

Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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ESTIMATED MARCH IMPORTS HIT FIVE-YEAR LOW, DECLINES EXPECTED TO CONTINUE AMID PANDEMIC

Source:  National Retail Federation Press Release – April 7, 2020

Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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CORONAVIRUS IMPACT ON IMPORTS EXPECTED TO BE LARGER AND LAST LONGER THAN PREVIOUSLY EXPECTED

Source:  National Retail Federation Press Release – March 9, 2020

The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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FEBRUARY RETAIL IMPORTS TO SEE LARGER DROP AMID CORONAVIRUS

Source:  National Retail Federation Press Release – February 10, 2020

With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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RETAIL IMPORTS SETTLING DOWN AFTER YEAR OF TARIFF SURGES

Source: National Retail Federation Press Release – January 10, 2020

 After a year of fluctuations driven by the uncertainty of the trade war with China, volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports Surged in November Ahead of December Tariffs

Source: National Retail Federation Press Release – December 9, 2019

Volume at the nation’s major container ports bumped up significantly in November as retailers imported merchandise ahead of new tariffs set to take effect this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports to See Final Tariff-Driven Surge of the Year

Source: National Retail Federation Press Release – November 8, 2019  

Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports to See Surge Ahead of December Tariffs

Source: National Retail Federation Press Release October 9, 2019

Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month, just before more tariffs take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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