Flexible Carbon Fiber Composite Producer Carbitex Fortifies Global Team With Strategic New Hires

KENNEWICK, Washington — APRIL 10, 2024 — Carbitex — producer of flexible carbon fiber composites focused on footwear, travel, and accessories — has announced the appointment of Filippo Sartor to vice president of Global Sales, and Sam Gardner to the role of vice president of Engineering and Operations. After a restructuring of manufacturing operations and the return of Carbitex founder, Junus Khan, as company president in 2023, the brand welcomes two strategic hires to catalyze the next phase of the leading materials brand.

With more than 20 years in the footwear industry, including nearly 11 years as the Global senior sales manager at JV International, official worldwide licensee for Michelin Soles, Sartor brings high level sales expertise within performance footwear and material innovation. With extensive focus on building new business in the United States and Far East, and based in Milan, Italy, Sartor is uniquely positioned to help propel Carbitex globally into the next chapter.

“I am extremely proud to join the Carbitex team and see huge growth potential thanks to a dynamic group of people dedicated to enhancing the technical benefits in the footwear market,” Sartor said. “I look forward to building Carbitex’s global presence and supporting the many existing brand partners. My experience growing a diverse range of technical and lifestyle footwear brands, combined with the expertise of the team, will help us create new solutions for the most demanding partner needs.”

Gardner, based in Renton, Washington, will manage product development and manufacturing at Carbitex. With time at Square One Distribution — a long-time Carbitex brand partner in the wake and waterski segment — and most recently as vice president for Union Aquaparks, Gardner has considerable experience designing new products and managing sourcing, logistics, and supply chain. His background will help Carbitex strengthen both factory and brand partner relations and push product innovation.

“Filippo and Sam fill key roles with expertise that seamlessly aligns with our vision,” Khan said. “Their backgrounds in sales, product design and manufacturing solidify a complete team poised to drive Carbitex’s next phase of growth.”

These recent hires position Carbitex to better serve strategic brand partners, achieve forecasted growth in the short and long term, and expand global market presence.

Posted: April 10, 2024

Source: Carbitex

Lectra Unveils The New Version Of Its Collection Management Software, Kubix Link PLM, To The Fashion Industry

PARIS — APRIL 9, 2024 — Lectra has announced a major development of its SaaS platform dedicated to collection management for the fashion sector: Kubix Link 3.4 This new version improves optimization at each phase of bringing a product to market, from design to marketing. Its launch goes hand in hand with that of Kubix Forms, a solution that simplifies the collection and integration of data from third-party users on the Kubix Link platform.

To maintain their profitability in the face of current economic instability and intense competition, fashion brands must reduce their costs. While collection renewals are accelerating, brands must also optimize their production operations. Finally, they must respond to increasing requirements in terms of sustainability, compliance and traceability.

In this context, it has become absolutely essential to have information that is as accurate and up-to-date as possible at each stage of the product lifecycle. Fashion brands also need to be able to very simply and easily share this product information with all those involved in the design, manufacture, distribution and marketing of their collections.

A better user experience with Kubix Link 3.4

With Kubix Link PLM, Lectra already had a cloud-hosted SaaS platform offer that included functions for product lifecycle management (PLM), product information management (PIM) and data asset management (DAM).

Kubix Link 3.4 enhances the user’s experience through new media organization (photos, videos), greater data storage capacity, increased flexibility in using the tools offered, as well as improved translation to facilitate cooperation between multilingual teams.

This new version also provides transparent integration of third-party solutions, similar to AccuMark, Lectra’s patternmaking software, or the brand new offer, Kubix Forms. This is being launched in parallel with Kubix Link 3.4 to make it easier for fashion brands to collaborate with their external partners.

“Kubix Link is already used by 300 customer brands and we are the European leader in product data management and collaboration. We want to go further by continuing to develop innovative solutions to respond to the new needs of our customers. The fashion industry evolves very quickly. We are happy to be able to participate in this transformation by providing responses based on our mastery of new technologies and our expertise in each sector, gained from Lectra’s experience working hand in hand with the most renowned fashion brands for over 50 years,” explained François Gonnot, Product Marketing director at Lectra.

Broader collaboration made simpler with Kubix Forms

Launched at the same time as Kubix Link 3.4, Kubix Forms revolutionizes the collaboration between fashion brands and their partners. Third-party users can fill out and expand the information available on Kubix Link. It is now possible to overcome traceability challenges by retracing the origin of textiles and calculating their carbon footprint, to check production quality and interact transparently with suppliers and brands to obtain product information more easily. Automatic response integration in Kubix Link ensures that work flows smoothly, reducing time spent on manual data entry, and promotes data enrichment in a secure manner for brands.

Gonnot concluded: “Fashion brands need more transparency, traceability, compliance and collaboration. The Kubix Forms offer gives them the opportunity to make significant advances in optimizing their business processes and maximizing their operational efficiency, regardless of their size. With the integration of Kubix Forms, Lectra is providing a proactive response to the growing demand for smooth collaboration with third-party users. We therefore offer a significant competitive advantage to customers who trust us to actively contribute to their growth and success.”

Posted: April 10, 2024

Source: Lectra

VDMA Members At Techtextil Frankfurt: Focus On Automation And Digitalization

FRANKFURT, Germany — APRIL 10, 2024 — Techtextil, taking place end of April in Frankfurt, will see a strong participation of VDMA member companies. More than 50 members will be presenting smart technologies for technical textiles in various application areas, seven of them at the VDMA group stand. A focus of the exhibitors will be on automation and digitalization.

VDMA member companies are ready to support the transformation of the textile industry. This means the offer of innovative, highly efficient and resource saving production technologies and the provision of cutting-edge machines and equipment for recycling. In both cases, digitalization is a means to improve both efficiency of the process and quality of the products. Automation and digital tools are also an answer to the increasing shortage of qualified personnel. With the help of digital systems, textile producers can optimize and automate their production processes and thus achieve a high level of process reliability and transparency. Automation and digitalization of textile machines have already been developed and offered to market maturity.

Digitization will only work in close cooperation between machinery builders and textile producers. In this respect, VDMA has organized a panel discussion that will take place at the VDMA group stand (12.0, C55) on April 24, 2:30 – 4 pm. The topic of the event is “Product passport – impact on the industry”. The regulatory process for the digital product passport for textiles continues to gather pace. As things stand, clothing manufacturers in all European countries are expected to require a Digital Product Passport (DPP) from mid-2027.
To discuss the impact of the digital product passport on textile machinery manufacturing and the apparel industry, VDMA has invited industry representatives and will welcome Mr. Andreas Schneider from Global Textile Scheme (GTS), who played a key role in the development of the DPP in the current CIRPASS project, launched by the EU Commission.

The VDMA group stand will also be a platform for junior engineers. On April 25, 4 – 5 pm the Chairman of VDMA’s young talent foundation (Walter Reiners Foundation), Peter D. Dornier, will award six young engineers with the Foundation’s promotion and sustainability prizes. The prizes will be awarded in the categories bachelor’s thesis and diploma/master’s degree.

VDMA is looking forward to welcoming numerous visitors to the events.

Posted: April 10, 2024

Source: VDMA

Two Strong Partners: Texfina And Brückner Look Back On Impressive Success Stories

LEONBERG, Germany — APRIL 10, 2024 — Texfina in Peru, founded in 1947, and Brückner in Germany, founded in 1949, can both look back on impressive success stories spanning more than seven decades. The two family-run companies are pioneers with innovative power. In difficult times, Texfina has put a third Brückner line into operation!

Texfina began with hand-knitted sweaters made by the great-grandmother of the current managing directors, which were exchanged for food at the market. Subsequent generations turned Texfina into one of the world’s leading manufacturers of knitwear. Excellent specialists and advanced machinery as well as several patents are the basis of the company’s success: Texfina supplies customers worldwide with tailor-made textiles that can be made hydrophobic, antibacterial, dirt-repellent or with UV protection. With the help of efficient management systems and IT, Texfina strives for ecological sustainability and promotes employee commitment through a progressive organizational culture.

Texfina continues to upgrade finishing technology with Bruckner.

Brückner is a technological market leader and system supplier for the dry finishing of textiles, technical textiles and nonwovens. Operating worldwide and owner-managed, with 75 years of tradition and experience, Brückner not only develops, produces, and sells systems for coating and finishing apparel textiles, technical textiles, glass fiber, nonwovens and floor coverings, but has also been developing systems for heat-recovery and exhaust air purification for many years. The focus is always on the highest possible productivity with the lowest possible energy consumption.

Texfina recently put the third Brückner tenter with vertical chain into operation. The new machine from the Peruvian company, which is certified to OEKO TEX Standard 100, has 11 compartments and an air/air heat-recovery system. A very homogeneous air flow, perfect temperature distribution and very low specific energy consumption are standard features of all Brückner machines. Precisely reproducible finishing results thanks to complete automation and recipe management in the system, which Texfina uses almost exclusively for heat-setting sports and performance wear, complete the picture. Chains, chain rails and pin bar carriers are extremely robust and low-maintenance, helping to make this machine a particularly sustainable investment. A pre-wash compartment before the fabric enters the stenter ensures better fabric quality and reduced emissions.

Raul Saba, president of Texfina, is extremely satisfied with the cooperation: “The team of Brückner technologists did an excellent job, recognized our needs and configured the machine optimally. It is an enrichment for our production and a guarantee for the quality of our products.”

Regina Brückner, Brückner CEO: “We are delighted about the trustful cooperation with this successful customer. The cooperation with Texfina promises sustainable success and forward-looking results for both sides.”

Posted: April 10, 2024

Source: Brückner Trockentechnik GmbH & Co. KG

Freudenberg Group Reports Record Sales Globally & Profits Surpassing 1 Billion Euros For The First Time

BANGALORE, India — APRIL 9, 2024 — Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of 11,902.8 million euros, 1.3-percent higher than the previous year’s figure of 11,753.1 million euros. The operating profit of 1,081.6 million euros showed a significant increase of about 15 percent, compared to the previous year’s 941.8 million euros. The profit margin also improved to 9.1 percent from the previous year’s 8.0 percent. Freudenberg Group attributed its growth globally to innovative product lines, customer focus, and flexible problem-solving across various industries.

G Sivasailam, Director & CEO, Freudenberg Regional Corporate Center India & Managing Director, Freudenberg Performance Materials India

Freudenberg India also announced significantly high sales at INR 3803 crore. The operating result for 2023 has been robust and the group has announced investments close to INR 350 crore in CY 2024 across facilities in Punjab, Karnataka and Tamil Nadu. In Morinda, India, Freudenberg has invested in a new production facility for its Vibracoustic Business Group and its Freudenberg-NOK India joint venture. The company exports close to INR 800 crore from India.

Freudenberg Group has 11 companies operating across diverse segments such as automotive, chemical, energy, technical textiles, and cleaning products in the country. Earlier in 2023, the group announced the appointment of G. Sivasailam, managing director of group company, Freudenberg Performance Materials, as the new director & CEO of Freudenberg Regional Corporate Center India. Sivasailam took over from Georg Graf who had served in the role since 2016, when the Regional Corporate Center was set up to further the group’s continued commitment and growth plans for India.

Commenting on the group’s annual results and its financial figures made public, Dr. Mohsen Sohi, CEO, Freudenberg Group, said: “Numerous records were set during fiscal year 2023. We achieved the highest figures ever for sales and operating profit. When we look back over the past 10 years, it becomes clear how impressive these figures are. Within a single decade, we have roughly doubled our sales and operating profit with an average annual growth rate of 6 and 7.7 percent, respectively. Our investments in research and development have grown by 9.4 percent annually, even more strongly and almost tripling. I would like to thank all our employees worldwide. Their commitment enabled us to achieve these historic results”.

“As Freudenberg commemorates 175 years of operations globally this year, it is indeed a proud moment for Freudenberg India to be part of the continued growth journey. Freudenberg Group has been committed to its growing operations in the country, across diverse domains and across the group companies. We are continuing to invest in the expansion of our facilities and 2024 promises to be another year of key milestones we will achieve in India,” Sivasailam remarked.

The Freudenberg Group is driving the energy transition — with its products and its ambition to become CO2-neutral by 2045. Sustainability is a priority for Freudenberg. For the company, this mainly involves efficiency in the use of its energy and material resources. Freudenberg wants to reduce its CO2 emissions to zero by the year 2045 — mainly through energy conservation, electrification, purchasing and its own generation of green electricity. Keeping in mind the rapid urbanization of India, Freudenberg’s new initiative also aims to reduce carbon emissions footprint.

Freudenberg Group is committed to driving the energy transition and aims to become CO2-neutral by 2045. Sustainability is a top priority, focusing on efficient use of energy and material resources. The company plans to reduce its CO2 emissions to zero by 2045, mainly through energy conservation, electrification, and green electricity generation.

Freudenberg has been sourcing green electricity from photovoltaic and wind power systems for years, including from its own facilities. Around 20 new photovoltaic systems have been installed worldwide, with approximately 60 more in various planning and execution stages.

Posted: April 9, 2024

Source: Freudenberg Group

Sae-A Trading Announces Definitive Agreement To Acquire Tegra

ATLANTA and SEOUL, South Korea — APRIL 8, 2024 — Sae-A Trading, the vertically integrated garment manufacturer and supply chain solution provider, announced today that it has signed a definitive agreement to acquire Tegra’s operating entities in Honduras, El Salvador, and the US.

Sae-A Trading HQ in Seoul, Korea

Tegra, headquartered in Atlanta, Georgia, develops and manufactures sports apparel products for global brands that ultimately outfit professional, college, and high school athletes and their fans. Tegra’s integrated operational entities include Fjord and ArtFx in the US, Southern Apparel Contractors in Honduras, and Decotex in El Salvador. Those entities, acquired and integrated over time by Tegra, possess unparalleled product and manufacturing knowledge, expertise, and capabilities that benefit customers and suppliers, enabling Tegra to be the leading manufacturer of performance-driven on-field uniforms and gear for elite athletes.

Sae-A Trading, established in 1986, is a vertical textile and apparel garment manufacturer supplying the US and European retail markets, with a global production base spanning both sides of the world: Central Americaand Southeast Asia. Currently, Sae-A Trading employs more than 30,000 associates across its operations worldwide. Sae-A Trading operates in eight production countries, fully verticalized from yarn spinning, fabric knitting/dyeing, graphic printing, garment washing, and sewing.

“We are proud and thrilled to welcome Tegra into the Sae-A family,” said WK Kim, Global Sae-A Group Chairman. “This acquisition enables Sae-A Trading to further its growth trajectory, while ensuring continuous and consistent delivery of world-class products for its customers. The scale, operational bases, product development capabilities, and know-how that are being established with this combination will create significant opportunities and advantages for our customers and suppliers.” The integration of Sae-A Trading and Tegra significantly expands the company’s geographic presence, and on a combined basis, Sae-A Trading will be a market leader in the Western Hemisphere, complimenting its existing leadership position in Asia. Kim further stated that “Sae-A Trading welcomes Tegra’s vital employee base to the combined company,” and looks forward to accelerated investments in production and capabilities to better serve our valued customers.

“We have been impressed by the commitment of Sae-A to our business, region and customers, and believe this transaction represents an attractive outcome for Tegra, its employees and our stakeholders,” said Steve Cochran, Tegra’s Chief Executive Officer.

Closing is expected to take place in April 2024. The terms of the transaction were not disclosed.

Tegra was advised by Greenhill (Mizuho M&A), O’Melveny & Myers LLP and Palm Tree Advisors; while Baker McKenzie and EY advised Sae-A Trading.

Tegra will be headquartered in Seoul, Korea.

Posted: April 9, 2024

Source: Global Sae-A Group

Milliken & Company Charitable Foundation Expands Associate Gift Match Program

SPARTANBURG, S.C. — APRIL 9, 2024 — The Milliken & Company Charitable Foundation today announced the expansion of its gift match program as part of the organization’s ongoing commitment to serve the communities where Milliken associates live and work. Inspired by the results of a 2023 project to better understand the needs and desire of Milliken’s associate base, the expanded program increases the number of 501c3 organizations eligible for foundation grants and allows full-time company associates in the U.S. to support a wider range of causes they care about.

“Making a substantial positive impact is an essential part of Milliken’s mission and purpose,” said Halsey Cook, president and chief executive officer of Milliken & Company and chair of the Milliken & Company Charitable Foundation. “Increasing community support for causes that matter most to our people is one of the ways Milliken makes good on our commitment to our associates to build a better future.”

The original gift match program focused on providing support for public and private universities and private elementary, middle, and high schools. Now, the Milliken & Company Charitable Foundation will match every dollar an associate donates up to $2,500for schools and up to $500 for other eligible organizations.

“At Milliken, we’ve always cared about the communities where we live and work — and we act with intention to demonstrate this care,” said Danna Vetter, senior vice president and chief marketing officer at Milliken. “By supporting our associates’ desire to build a better future in their communities, we foster a culture rooted in trust, intentional inclusion and diversity, and empowerment.”

Milliken has a long-standing commitment to community engagement. Building on that legacy, the company formally established the reconstituted Milliken & Company Charitable Foundation in November 2020 to continue growing positive contributions through charitable donations and philanthropic programming. In addition to the expanded match program, the foundation’s core programs include community gifts focused on nonprofits in Spartanburg, SC, impact gifts to support long-term initiatives, dependent scholarships for children of full-time associates, and disaster relief.

To learn more about the Milliken & Company Charitable Foundation, visit milliken.com/foundation.

Posted: April 9, 2024

Source: Milliken & Company

Avid Solutions Marks Significant Growth In Green Hydrogen And Decarbonization, Expands As Rockwell Automation’s Dedicated Delivery Partner

WINSTON SALEM, N.C. — APRIL 9, 2024 — Avid Solutions, selected as the preferred delivery partner for hydrogen solutions by Rockwell Automation, has recorded exceptional revenue growth and expanded its team to meet the rising demand for innovative solutions in low-carbon emissions.

Avid Solutions, a Gold Rockwell Automation System Integrator Partner specializing in process expertise and digitally-enabled solutions, today announced significant growth in demand for the company’s decarbonization and green hydrogen (H2) services. Avid Solutions, having been named the preferred delivery partner for hydrogen solutions by Rockwell Automation, has expanded its team by 35 members in the past year to meet the increasing interest for sustainable energy projects.

Avid Solutions’ contributions to low-carbon emission initiatives have been marked by a series of achievements. The company was named the preferred green hydrogen delivery partner for Rockwell Automation after supporting decarbonization projects with control system integration, front-end engineering, PlantPAx implementation and standardization of liquefactions systems. Avid Solutions was also a nominee for an innovation award at the Rockwell Automation Partner Network Conference, based on their work in the hydrogen sector.

“We are seeing many original equipment manufacturers (OEMs), process licensors, and producers entering the green H2 economy. They need expertise to scale, as well as speed to market entry,” said Tom O’Reilly, vice president, sustainability, Rockwell Automation. “With more than three decades of expertise in the process industries and helping OEMs scale, Avid Solutions is uniquely suited to help new green H2 clients implement best-in-class technology and ensure their business needs are met.”

Rockwell Automation collaborates closely with Avid Solutions to address eco-friendly hydrogen manufacturing initiatives through the delivery of specialized services, including H2 liquefaction and turnkey plant automation using Rockwell Automation PlantPAx. Avid has supported projects across various sectors, including electrolyzer OEMs, H2 liquefaction licensors, and compressor OEMs. Avid engineers are actively involved in several ongoing projects, including an initiative in Texas aimed at delivering 45 tons of green hydrogen per day. These projects have led to record revenue and significant growth in the company’s Texas and Georgia offices, with the Brazilian team doubling in size to meet the needs of clients in the sustainability sector.

“This growth and recognition underscore our efforts in shaping a cleaner, greener future,” said Gordon Bordelon, vice president, operations and technology, Avid Solutions. “The emergence of the hydrogen economy opens up exciting avenues in industrial manufacturing, power generation, and mobility. For producers looking to seize these opportunities, it’s important to partner with seasoned experts who can harness advanced technologies and confidently manage risks.”

“We are located in one of the seven Regional Clean Hydrogen Hubs (H2Hubs) selected through the Bipartisan Infrastructure Law (BIL), and we are actively involved in most of them.” said Avid Solutions Vice President, Sales and Marketing Mike Kiehl.  “Avid Solutions continues to deepen relationships with engineering, procurement, and construction (EPC) firms in the industry and solidify our position as a leader in decarbonization efforts. Our goals are to enable the production of 450 tons of green hydrogen per day by 2025 and 1,000 tons per day by 2030.”

Click for more information about Avid Solutions’ digital solutions for the hydrogen economy.

Posted: April 9, 2024

Source: Avid Solutions, Inc.

Successful Collaboration: Groz-Beckert And Santoni Develop Innovative INNOTAS Knitting System

ALBSTADT, Germany / BRESCIA, Italy — APRIL 9, 2024 — In recent years, Italian circular knitting machine manufacturer Santoni (part of the Lonati Group) and Groz-Beckert have worked together to develop a new self-cleaning knitting system for the INNOTAS circular knitting machine. The knitting system is also called INNOTAS and consists of the circular knitting machine needle SAN™ DUO and the corresponding sinker SNK DUO-OL.

Driven by the increasing demands on sustainability aspects and the desired increases in efficiency, Groz-Beckert had the goal of developing a new, energy-efficient knitting system. Groz-Beckert approached Santoni with a corresponding cooperation request. Following various preliminary investigations, the go-ahead was finally given in January 2015 for the joint development of a self-cleaning system in the needle area with side-by-side needles and a low shank.

The circular knitting machine needle SAN™ DUO with the sinker SNK DUO-OL was developed to meet the desired requirements. The special feature: In the innovative knitting system, there are two needles in the needle channel and two sinkers in one sinker channel. The benefits became apparent in initial field trials with experienced end customers in 2016. In the following years, the knitting system was continuously analyzed and further optimized.

The double filling in the needle channel significantly reduces soiling. In addition, the further developed shape of the knitting system ensures that any yarn lint is automatically removed from the machine during the knitting process. This extends the cleaning interval, making work more time-efficient and increasing productivity.

Both the needle SAN™ DUO and the sinker SNK DUO-OL are characterized by a particularly low shaft with a predetermined breaking notch. The low shank minimizes soiling, while the predetermined breaking groove enables controlled needle breakage in the event of wear at the desired point. This reduces errors in the knitting process and machine downtimes.

Groz-Beckert offers interested machine builders various cooperation opportunities to jointly develop new products or improve existing ones. Groz-Beckert’s Technology and Development Center (TEZ) can provide the appropriate framework for co-development projects. The cooperation with Santoni has resulted in joint patents from which both companies benefit.

Posted: April 9, 2024

Source: Groz-Beckert

National Retail Federation: Import Cargo To Hit 2 Million Containers For First Time Since Last Fall

WASHINGTON — APRIL 9, 2024 — Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“U.S. imports are continuing to increase despite another disruption impacting U.S. ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As retailers have adjusted to limits on the use of the Panama Canal and the Red Sea, we now face the shutdown of the Port of Baltimore to vessel traffic. While it is not expected to have a national impact, the tragic collapse of the Francis Scott Key Bridge shows the ongoing need for flexibility and resiliency in every company’s supply chain. We are monitoring the situation closely as retailers who are affected adjust their shipping plans to ensure cargo is getting to where it needs to be.”

The Port of Baltimore has been closed to vessel traffic since a container ship struck a major bridge on March 26, collapsing the span and blocking the only shipping channel into the harbor. Baltimore is not included in Global Port Tracker’s national totals because its data is reported later than other ports, but the shutdown is having a regional impact and cargo that would normally go there is being diverted to other East Coast ports. The port handled 48,000 Twenty-Foot Equivalent Units – one 20-foot container or its equivalent – in January.

“The Baltimore bridge accident will likely shift container imports and exports to New York/New Jersey, Virginia and other surrounding ports until a shipping channel is cleared, perhaps as soon as within a couple of months,” Hackett Associates Founder Ben Hackett said.

Meanwhile, carriers have rerouted around the Red Sea and Suez Canal after attacks on vessels earlier this year while adding additional vessels and increasing vessel speed to make up for longer voyages. “Doing so has resulted in relatively stable supply chains within a short period of time,” Hackett said. “A word of caution, however, is that any further pressures on capacity could seriously impact the market.”

U.S. ports covered by Global Port Tracker handled 1.96 million TEU in February, the latest month for which final numbers are available. That was down 0.3% from January but up 26.4% from the same month last year, when many Asian factories were closed for the Lunar New Year holiday.

Ports have not yet reported March’s numbers, but Global Port Tracker projected the month at 1.8 million TEU, down 7.8% from February because of Lunar New Year’s impact but up 11% year over year. April is forecast at 1.93 million TEU, up 8.4% year over year, and May at 2.04 million, up 5.5% and the highest level since 2.06 million last October. June is forecast at 2 million TEU, up 8.9%; July at 2.04 million TEU, up 6.6%, and August at 2.09 million TEU, up 6.9%.

The first half of 2024 is expected to total 11.7 million TEU, up 11% from the same period last year. Imports during 2023 totaled 22.3 million TEU, down 12.8% from 2022.

Global Port Tracker, which is produced for NRF by Hackett Associates, provides historical data and forecasts for the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the East Coast, and Houston on the Gulf Coast. The report is free to NRF retail members, and subscription information is available at NRF.com/PortTracker

Posted: April 9, 2024

Source: National Retail Federation (NRF)

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