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Tuesday, September 18, 2018

National Retail Federation News

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US Retail Imports Growing Despite Tariffs Threat

It's expected that imports at the United States’ major retail container ports will grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more,” said NRF Vice President for Supply Chain and Customs Policy, Jonathan Gold.

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US Holiday Imports Exceed Expectations

Imports at the United States’ major retail container ports saw an unexpected increase during the industry’s busy holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “We won’t see final sales numbers for a few more days, but import volume suggests that retailers had a strong holiday season,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Ports covered by Global Port Tracker handled 1.64 million 20-foot equivalent units (TEU) in November…

Photo: PMA

Retailers to Obama: Bring ILWU, PMA to Washington

“It has been nearly a week since President Obama dispatched Labor Secretary Perez to the West Coast to help settle the protracted contract dispute between the ILWU and PMA. While the Secretary has said the meetings have been productive, we have yet to see a final deal. “We understand the Secretary has given the parties a deadline to reach an agreement. If a deal is not reached today, we support the decision to move the negotiations to Washington and we call upon the president to personally engage in the discussions until an agreement is reached.

Labor Secretary to Intervene in U.S. Port Dispute

A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. President Barack Obama, under pressure to weigh in on a labor dispute that has rippled through the U.S. commercial supply chain and beyond, said on Saturday he would dispatch Labor Secretary Tom Perez to meet with the two sides in the conflict.

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US Retail Imports Setting Records Despite Trade War

Increasing consumer demand and rising retail sales are driving record imports at the United States’ major retail container ports this month despite new tariffs on goods from China, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.“Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow for the foreseeable future,” explained NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.

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Latest Tariffs Throw Away Tax Reform Benefits -Retailers

The latest round of U.S. tariffs on Chinese goods counteract the benefits of tax reform and harm the nation's economy, according to a U.S. retail trade association.The Office of the U.S. Trade Representative today released a final list of $16 billion worth of goods from China that will be subject to a 25 percent tariff effective August 23, as part of an escalating trade war between the world’s two major economic powers.“This is just another step toward throwing away the benefits of tax reform that have given our nation’s economy a badly needed boost…

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Record US Retail Imports Expected this Summer

Imports at the United States’ major retail container ports are expected to set record numbers this summer and fall even as the debate over trade and tariffs continues in Washington, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Consumers are buying more and that means retailers are importing more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Imports continue to be the primary source of high-quality, mass-produced necessities at affordable prices and will be for the foreseeable future.

File photo: Port of Los Angeles

US Imports Growing in First Half of 2017

Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This is very much in line with what we are forecasting for retail sales and consumer spending this year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers try to balance inventories very carefully with demand.

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Retailers Urge Labor/Management to Avoid Port Shutdown

The National Retail Federation (NRF) called on the U.S. Maritime Alliance and the International Longshoremen’s Association to work together to avoid a one-day shutdown of East Coast and Gulf Coast ports proposed by the ILA. “Thousands of companies and millions of workers rely on these ports and any disruption to their activity even for a day could have a negative impact on the U.S. economy,” NRF Vice President for Supply Chain and Customs Policy Jon Gold said. “While the union might have concerns with certain local government actions, engaging in a coastwide shutdown is not the answer.

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US Imports: Double-digit Growth Expected

Imports at the United States’ major retail container ports should see double-digit year-over-year increases for the next two months as a growing economy increases the demand for affordable merchandise, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Consumers are spending more freely and retailers are stocking up for the spring and summer seasons,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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US Retail Imports on the Rise

Imports at the Unites States’ major retail container ports should continue to see strong increases throughout the spring and summer as the nation’s economy improves, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. “Consumers are spending more, and these import numbers show that retailers expect that to continue for a significant period,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File photo: Port of Los Angeles

US Retail Imports to Grow through Summer

Imports at the United States’ major retail container ports are expected to see steady increases through the summer and into the fall, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “Regardless of whether the sales come in their stores or through their websites, retailers see that consumers are buying more this year and they’re importing the goods needed to meet the demand,” said Jon Gold, NRF vice president for supply chain and customs policy.

Jonathon Gold VP Supply Chain and Customs Policy

Imports Back to Normal After Ratification

Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Despite some lingering labor issues, the volume of cargo and the rate of growth have both largely settled down,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. The Pacific…

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US Retail Imports ‘Unusually High’

This summer’s imports set a second all-time monthly record high as U.S. retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. “When imports break records two months in a row, it’s hard to see that as anything other than a good sign about what retailers expect in consumer demand,” said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.

Photo: Hanjin Shipping

Retailers Working to Minimize Disruption from Hanjin Bankruptcy

The National Retail Federation (NRF) Vice President for Supply Chain and Customs Policy Jonathan Gold weighs in on this week’s bankruptcy filing by Hanjin Shipping. “Retailers’ main concern is that there is millions of dollars worth of merchandise that needs to be on store shelves that could be impacted by this. Some of it is sitting in Asia waiting to be loaded on ships, some is already aboard ships out on the ocean and some is sitting on U.S. “It is understandable that port terminal operators…

File photo: Port of Los Angeles

September US Retail Imports Strong

Import cargo volume at the US’ major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Hanjin should not significantly affect volume for the month since alternative arrangements to unload those containers or shift cargo elsewhere should be dealt with by the time the numbers are tallied,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File photo: Hanjin

Hanjin Gets US Court Order, Cash to Unload Ships

A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood to issue an order that would prevent creditors from seizing Hanjin ships or property, and allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Sherwood said he would sign the order later on Friday. Earlier, the company received authority to spend the money needed to dock at U.S.

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US Retail Imports End 2017 with 7% Growth

Imports at the United States’ major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retail had a strong year fueled by growing wages, higher employment and a boost in consumer confidence,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Photo: Hanjin Shipping

NRF Pushes Hanjin Concerns with Commerce Department

The National Retail Federation and the Hardwood Federation has led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors affected by the Hanjin Shipping bankruptcy in sending a letter to Commerce Secretary Penny Pritzker outlining specific concerns and urging her continued leadership in bringing about a resolution. “U.S. businesses rely on predictability in their supply chains, particularly during the busiest shipping season of the year,” wrote NRF and the other coalition members.

File Image: CREDIT Port of Savannah, GA

New Tariffs Threaten Import Growth at Container Ports

Imports at the nations’ major retail container ports are expected to dip slightly this month, but that’s the result of annual Asian factory shutdowns for Lunar New Year rather than new tariffs on steel and aluminum imposed this week, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Nonetheless, those and other tariffs could eventually have an impact on the ports. “With steel and aluminum tariffs already in place…

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Rising Imports Threatened by Growing Trade War

Imports at the nation’s major retail container ports are expected to grow a healthy 5.8 percent year-over-year this month but could be threatened in the future if the developing trade war between the United States and China continues to escalate, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Tariffs are a tax on American consumers in the form of higher prices but they are also a tax on American jobs,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File image: a containership at the port of Oakland, CA

U.S. West Coast Port Ops Resume

U.S. West Coast port operations resumed in full on Monday after shipping companies halted loading and unloading of freighters for the weekend, citing chronic cargo backups that shippers and dockworkers have blamed on each other during months of labor tensions. But a planned resumption of federally mediated contract talks was pushed back until Wednesday without explanation, even as the White House joined retailers and manufacturers in urging the sides to redouble efforts to settle a dispute that has rippled through the U.S. commercial supply chain.

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US Imports Up as Holiday Shopping Continues

Imports at the United States’ major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “There’s still shopping to be done, and retailers are making sure the gifts that need to be under a tree are waiting on the shelves,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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Imports Rising as Threat of West Coast Ports Shutdown Looms

Import cargo volume at the nation’s major retail container ports is expected to rise 10.1 percent this month over the same time last year even as West Coast ports come closer to a possible shutdown due to the lack of a contract with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With cargo volume growing as the economy continues to recover, the last thing we need is a port shutdown that would bring billions of dollars of economic activity to a halt…

Jonathon Gold

White House Intervention Sought in West Coast Port Dispute

“The continued intransigence by labor and management to reach a new contract is unacceptable. Retailers and the rest of the supply chain are frustrated beyond belief. “The slowdowns need to end. The brinkmanship needs to stop. The ILWU and PMA are delaying cargo and merchandise in the short-term while harming the competitiveness of the West Coast ports in the long-term. This stalemate is hurting American businesses, their employees and consumers. “If the ILWU and PMA are serious about reaching a new labor contract, they need to remain at the table.

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NRF: Tariffs Against China Would Destroy 134,000 US Jobs

The Trump administration’s proposed tariffs on $50 billion of Chinese imports, coupled with retaliation promised by China, would reduce U.S. gross domestic product by nearly $3 billion and destroy 134,000 American jobs, according to a new study released today by the National Retail Federation and the Consumer Technology Association. The report finds that four jobs would be lost for every job gained. “As administration officials prepare to head to China for trade talks, the livelihoods of American workers hang in the balance,” NRF President and CEO Matthew Shay said.