The double-digit percentage year over year volume growth on the Asia to U.S. trade-lane is expected to continue well past the Lunar New Year holiday (Feb 12) and potentially accelerate as Spring volumes match or exceed prior year. It is expected that imports moving from Asia to the West Coast ports in the U.S. from November thought January will show a 30% increase year over year. This increase is spilling over to all U.S. ports with Gulf and East Coast ports also posting double-digit growth.
News
During the month of December, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the December 2020 Logistics Link.
On December 29, 2020, the United States Trade Representative (USTR) office announced in Federal Register Notice 85 No 249 FR 85831 the extension of section 301 exclusions to twenty-four (24) medical-care products needed to address the COVID-19 outbreak.
On December 23, 2020, the International Trade Administration, Department of Commerce (DOC) announced in Federal Register 85 No 247 FR 83804 the adoption of the new Aluminum Import Monitoring and Analysis (AIM) system which will act as the aluminum import license application platform.
The biggest East Coast winter storm in years is on target to hit the Mid-Atlantic and Northeast today, Wednesday, December 16, and Thursday, December 17, threatening up to 2 feet of snow in some areas. Winter Storm Gail will intensify into a high-impact nor’easter for parts of the Mid-Atlantic and Northeast beginning today, where it will bring heavy snow, strong winds and some coastal flooding.
The Port of Long Beach announced this week that it marked its best November on record. The port moved 783,523 twenty-foot equivalent units (TEUs), which represents a 30.6% increase year-over-year. The story in Long Beach is all about imports, which were up 30.5% to 382,677 TEUs. Exports were down 5.2% to 117,283 TEUs. But the most significant figure is the number of empty containers shipped back to Asia for refilling. This number jumped 55% to 283,563 TEUs.
Source: National Retail Federation Press Release – December 9, 2020
Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management – December 2, 2020
Economic activity in the manufacturing sector grew in November, with the overall economy notching a seventh consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
This is a reminder that the FDA renewals for both food facilities and medical devices are due by December 31, 2020. All domestic and foreign food and medical device facilities, along with the companies that source from them, are required to renew their registration this year.
During the month of November, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the November 2020 Logistics Link.
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