Wednesday, August 26, 2009

US Survey Predicts Further Drop in Imports

Import Container Throughput to be Lowest in Seven Years
Shipping News Feature

US – The monthly Port Tracker report, produced by the statistics analysts IHS Global Insight for the National Retail Federation, foresees an overall drop in TEU volume of 18.8% in October compared with the same period last year.

The outlook however is for an improvement by the turn of the year with the drop in turnover moving back into single figures. The survey of major US Ports showed a drop in June of 2% from the previous month representing a 22% fall from the comparative period last year.

In total just over 1 million TEU’s were handled in the month. This figure is forecast to rise to 1.12 million TEU’s by October making a predicted overall annual total of 12.3 million units compared to 15.2 million in 2008, the lowest total since the 11.6 million handled throughout 2002.

Although all such surveys are by nature a degree speculative, it is generally considered by industry experts that the next few months will continue the trend of comparatively low trade levels with a slow upturn forecast by the year end.