Latest news with #importcargo
Yahoo
a day ago
- Business
- Yahoo
Rising tariffs cause decline in US retail import volumes
Import cargo volumes in the United States are projected to fall by more than 5% in 2025 compared to 2024, driven largely by rising tariffs and changes in global trade dynamics. This anticipated decline reflects ongoing challenges in supply chains and shifts in consumer demand patterns, affecting retailers, logistics providers, and the broader economy. Fall in import cargo volumes linked to tariff hikes The forecasted reduction in import cargo is closely connected to the implementation of higher tariffs on various goods. Increased import taxes tend to raise costs for businesses, which can lead to reduced orders from overseas suppliers. This shift may encourage companies to reconsider sourcing strategies, including exploring domestic alternatives or different international markets less affected by tariffs. The impact of these tariff adjustments is expected to be significant enough to influence overall cargo throughput at major US ports. Effects on supply chain and retail operations Decreased import cargo volumes are likely to have ripple effects across supply chains and retail sectors. Fewer imported goods mean changes in inventory levels and potential disruptions in product availability. Retailers may face challenges in maintaining stock consistency, which could influence pricing and consumer choice. Moreover, logistics and freight companies might experience fluctuations in demand, requiring adjustments in capacity planning and operations management to cope with the changing cargo landscape. Broader implications for the US economy The downward trend in import cargo volumes has implications beyond immediate trade activities. It may affect employment in shipping, warehousing, and transportation sectors, while also influencing inflation and consumer prices. As businesses adapt to higher tariffs and evolving supply chain conditions, the economy could see shifts in trade balances and investment decisions. Policymakers and industry stakeholders will need to monitor these developments to understand their long-term effects on economic growth and trade competitiveness. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Rising tariffs cause decline in US retail import volumes" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-07-2025
- Business
- Yahoo
US imports recovery short-lived as tariffs bite again
US ports are set to handle increased volumes of import cargo in July following a period of decline, but the rebound is expected to be temporary, according to the latest Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. The report forecasts that US container ports will process 1.86 million Twenty-Foot Equivalent Units (TEU) in July, a 5.5% rise from June. However, the increase is largely attributed to a temporary delay in new import tariffs scheduled to take effect later in the year. The surge is not seen as a sign of long-term growth but rather a front-loading response by importers seeking to avoid expected cost increases. Looking ahead, August volumes are projected to reach 1.91 million TEU, down 3.4% from August 2023. September is forecast at 1.8 million TEU, a 4.4% year-on-year decline. The NRF noted that uncertainty around trade policies is causing importers to adjust shipment timing, leading to volatility in monthly cargo volumes. Despite the July rebound, overall US import cargo levels for the first half of 2025 are slightly below last year's figures. The first six months of the year recorded 10.8 million TEU, down 0.4% from the same period in 2024. Full-year 2025 imports are forecast to reach 22.3 million TEU, a modest 1.2% increase from the 22.1 million TEU logged in 2024. Hackett Associates founder Ben Hackett said in the report that the international shipping sector continues to face a mix of inflation-related cost pressures and unpredictable trade policy shifts, making accurate forecasting increasingly difficult. He pointed to the tariff delay as a clear driver of short-term activity that is unlikely to continue into the autumn. Retail supply chains in the United States remain responsive to shifting import patterns. Ports including Los Angeles, Long Beach, and New York-New Jersey are preparing for uneven throughput in the coming months. While the July uptick offers some temporary relief, port authorities are reportedly cautious, aware that incoming cargo levels could decline once tariffs are implemented. The NRF emphasised that while retailers are committed to maintaining stable inventories, they remain concerned about how future tariff enforcement could affect supply chain costs and consumer pricing. The Global Port Tracker report covers major US container ports and is based on data from the US Customs Bureau and port authorities. It provides forward-looking insights that are used by retailers, shipping companies, and policymakers to monitor international trade activity and plan for logistics challenges. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US imports recovery short-lived as tariffs bite again" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
30-05-2025
- Business
- Zawya
Why we're not receiving empty containers at Apapa Port — APM Terminals?
The container terminal operator at the Lagos Port Complex, APM Terminals has revealed that due to a sustained surge in import cargo volumes over recent weeks, foreign shipping lines have had to prioritise discharging incoming laden containers over evacuating empties. Responsimg to enquiries surrounding the congestion of empty containers at its terminal by Tribune Online, APM Terminal Manager, Steen Knudsen said that the management of empty container evacuation into the terminal – and subsequent shipment onto vessels – is the exclusive responsibility of shipping lines, which own and control all containers. Knudsen said, 'There have been insinuations suggesting that APM Terminals Apapa is not receiving empty containers, allegedly contributing to yard congestion. However, the terminal operator has clarified that the management of empty container evacuation into the terminal – and subsequent shipment onto vessels – is the exclusive responsibility of shipping lines, which own and control all containers. 'Due to a sharp and sustained surge in import cargo volumes over recent weeks, shipping lines have had to prioritize discharging incoming laden containers over evacuating empties. This operational shift has resulted in a growing inventory of empty containers within the terminal, significantly limiting yard space. 'As a result of this accumulation, APM Terminals Apapa has had to temporarily restrict the reception of additional empty containers until the existing stock is cleared by the shipping lines. 'We recognize the impact this may have on truck operators, consignees, and landside logistics, and we are actively engaging the shipping lines and relevant government authorities to expedite vessel evacuation of empty containers.' The Terminal Manager emphasised that the development is not due to a failure in terminal operations, but rather a systemic issue stemming from the imbalance in container traffic. 'Shipping lines play a key role in ensuring containers are loaded out as empties once they are returned. Unfortunately, the high volume of imports is tipping that balance. We are committed to doing everything within our operational capacity to support the clearing of this backlog,' the statement added. APM Terminals Apapa is appealing to landside customers, truck operators, and other stakeholders to kindly bear with the temporary restrictions and delays in receiving empties, while assuring them that every effort is being made to normalize the situation. 'APM Terminals Apapa remains steadfast in its commitment to professionalism, efficient service delivery, and partnership with stakeholders to ensure the Nigerian supply chain keeps moving,' he said. Recall that truckers had lamented that due to a lack of acceptance of empty containers at APM Terminals, many truckers are losing jobs while making unnecessary parking payments. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
