Subscribe to our free, weekly email newsletter!


Zepol Corporation report indicates early inventory restocking

The downward trend of the last two months of Q3 may signal stronger retail forecasting
By Patrick Burnson, Executive Editor
October 13, 2012

New research indicates that that the peak month for U.S. imports in 2012 will most likely be July.

According to Zepol Corporation, a leading trade intelligence company, U.S. import shipment volume for September, measured in twenty-foot equivalent units (TEUs), is down 3.6 percent from August. At the same time, however, it is up from September of 2011 by 2.6 percent. Imports of TEUs shifted from over 1.6 million last month to 1.55 million in September.

The downward trend of the last two months of Q3 may signal a strengthening of retailer forecasting, said Zepol’s CEO Paul Rassmussen, who noted that the surge in goods for the holiday season seems to have come even earlier in Q3.

“Q3 of 2012 is up 3.8 percent from Q3 of last year,” said Rassmussen.  “U.S. importers may be feeling optimistic about the economy and preparing early for a busier shopping season than 2011.”

This report coincides with the Reuters/University of Michigan Consumer Sentiment Index study released last week.  Researchers said consumer sentiment continued to charge upward and onward in early October, supported by an improved attitude on current conditions as well as expectations for future economic conditions.

“More consumers anticipate better job prospects and consider their current financial situation as favorable,” said Leslie Levesque, Senior Economist, IHS Global Insight.

The majority of Asian countries saw a drop in shipments to the United States from August to September, noted the Zepol report, but an overall rise in Q3 compared to Q3 of last year. China had a slight rise from Q3 of 2011 by 0.57 percent, but South Korea and Japan rose more significantly by 8.5 percent and 3 percent, respectively. Hong Kong actually saw a hefty drop in the third quarter of 2012 compared to last year by 12.2 percent.

U.S. imports from Europe also fell from August to September, but had major increases when comparing Q3 numbers. Germany increased in imports by 14.6 percent from Q3 of 2011 and Italy was not far behind at 13.7 percent.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through the end of December with a nearly $11 billion stopgap fix.

XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.

The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

Article Topics

News · Global · Trade · TEU · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA