'After the past few years, it's a relief to know we've gotten through the peak of the shipping season without any serious incidents,' said Erik Autor, NRF vice president and international trade counsel, in a statement. 'There were certainly some threats from Hurricane Katrina and the storm's effect on railroad capacity, but the ports themselves didn't see the problems we've seen in the past. All in all, it's been a good year.'
All West Coast ports covered by the report ' Los Angeles-Long Beach, Oakland, Tacoma and Seattle ' were given a 'medium' congestion rating in November to reflect railroad delays related to Hurricane Katrina, even though the ports themselves were operating smoothly. All are now rated 'low,' however, and all East Coast ports covered ' New York-New Jersey, Hampton Roads, Charleston and Savannah ' remain at 'low,' the same rating as October. A low ranking means 'business as usual' with no serious congestion, delays or diversion of cargo anticipated, NRF said.
'The ports are in good condition,' Global Insight Economist Paul Bingham said in a statement. 'We warned of possible increases in rail problems last month, but the railroads have gotten through with few substantial delays and little congestion despite strained network and terminal capacity. Some shippers experienced intermodal rail delays, but the industry performed much better than last year at this time. There are still some lingering impacts of rail disruption due to the hurricanes, but with less volume coming into the ports the next few months we have lowered our congestion ratings for West Coast ports back to low and the Atlantic ports we cover are still rated low.'
Nationwide, ports surveyed handled 1.37 million TEUs of container traffic during October, the most recent month for which data is available. The figure is up 7.9 percent from the same month in 2004 and 1.9 percent from September. Over the report's six-month forecast period, traffic is expected to slowly decline to a low of 1.13 million TEUs in February, still up 1.3 percent from February 2005, before starting to climb again and hitting 1.3 million TEUs in April, up 8.3 percent from April 2005.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now