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Jun 22, 2006

Study - UK - Smooth sailing at ports

UK - Manufacturer.com/Global Insight -17 Jun 2006: -- The National Retail Foundation (NRF) predicts little congestion at maritime ports this fall (peak season), compared to recent years. This according to NRF and global-trade thinktank Global Insight... NRF and Global Insight share a “port tracker” service, which monitors global ports to track trends, and sees no congestion at ports now, or in truck and rail systems, in what is traditionally a ramp-up to peak season. The backlog of ships without reservations at the Panama Canal has been reduced compared with last month... The US ports surveyed handled 1.32 million twenty-foot equivalent units (TEUs) of container traffic in April, which was a 6.2 percent jump over march and a 10 percent jumpt from April 2005. Over the six-month forecast period of the report, volume is expected to climb to a peak of 1.49 million TEU in October, up 8.7% from October 2005. The study looks at inbound container volume, the availability of trucks and railroad cars to move cargo out of the ports, labor conditions and other factors that affect cargo movement and congestion...

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