User ID
Password

 

 

USWC imports surge driven by stimulus and consumer sping
Source
American Shipper
Post Date
05/27/2021

US container imports continued in April when West Coast loaded imports amounted to 1.10 million TEU, reports New Yorks MarineLink.

Imports had never exceeded this level until August 2020, and developments in the past nine months mean that April imports are only the sixth highest on record.

In the first four months of the year volumes are up by 40.3 per cent, representing an increase of 1.2 million TEU from the same period in 2020.

Compared to 2019 volumes are still up by an impressive 22.8 per cent (+793,500 TEU).
Imports decreased in April compared to March when volumes were record high at 1.16 million TEU. The record high US West Coast imports helped make March the busiest month ever for global container shipping with 15.5 million TEU being exported globally.
The slight decrease in loaded imports between March and April, matches the development in US retail sales, which after a record-breaking March (US$629.9 billion) fell to $616.7 billion; still the second highest level on record. Before March, US retail sales had never exceeded $600 billion. Retail sales in both months were pushed up by the arrival of the $1,400 cheque, part of the latest stimulus round in the US, in late March and the first part of April, boosting US consumers sping on imported goods.
"The big question is how long these records will stand for? In terms of retail sales, with the March round of cheques presumably the last, retail sales are unlikely to increase further in May," says Peter Sand, BIMCOs chief shipping analyst.
"This does not necessarily mean that US West Coast imports have peaked with volumes remaining strong into May. High volumes combined with continued congestion, has supported the continued strength of the transpacific freight market," Mr Sand said.
The high retail sales in March and April mean inventories need restocking, and the stop and start nature of the supply chain over the past year may be incentivising importers to get ahead on their usual schedules to avoid shortages further down the line. This would mean higher imports now, and in the next few months, potentially dampening some of the higher demand in the usual Q3 peak season."


Title
Source
Post Date
Visit
Import Duties on Certain Automobile Parts.. American Shipper 05/05/2025
25
We Could SoonBe Seeing Empty Shelves Everywhere. Here.. American Shipper 05/05/2025
29
How the Rich Save Money ?10 Secret Habits of theUltra.. American Shipper 05/05/2025
24
Who is eligible for the 2025 inflation refundcheck?.. American Shipper 05/05/2025
24
Ocean Transportation Intermediary Licenses Revoked.. American Shipper 04/30/2025
66
Details on Elimination of De Minimis Eligibility for .. American Shipper 04/30/2025
63
Premier Alliance further susps Far East-West Coast No.. American Shipper 04/23/2025
117
Lowes makes billion-dollar acquisition to take on Hom.. American Shipper 04/23/2025
115
Why Southwest Airlines?End to Free Bags, Open Seating.. American Shipper 04/23/2025
119
Import Duty Underpayment Case Illustrates Enforcement.. American Shipper 04/23/2025
106
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 73 ( 1 of 73  Total Pages )

 

 

 

Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528