US container import figures are not encouraging

Port Tracker now projects a 2008 year-end total of 15.3m teu, representing a decline of 7.1% and the lowest since 2004, when volumes totalled 14m teu.

The Port Tracker analysis is based on a survey of inbound container volumes, the availability of trucks and railroad cars to transport cargo from ports, labour conditions, and other factors that affect cargo movement and congestion at ten of the largest US container handling ports: Charleston, Hampton Roads, Houston, Long Beach, Los Angeles, New York/New Jersey, Oakland, Savannah, Seattle and Tacoma. Export, empty, and domestic container traffic are excluded from the survey.

“As retailers face the most challenging holiday season in years, they are being careful with their inventory levels, and that means lower volumes at the ports,” said Jonathan Gold, the NRF’s vice president for supply chain and customs policy. “Cargo volume isn’t a direct correlation with the dollar volume of sales, but it is a good indication of what retailers are thinking.”