Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Retail Sales Slump, Container Volume to Increase

U.S. retail sales slumped in January for the second straight months, falling 0.8% from the month before, according to a new Commerce Department report and double the amount forecast by many economists.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 12, 2015
3 min to read


U.S. retail sales slumped in January for the second straight months, falling 0.8% from the month before, according to a new Commerce Department report and double the amount forecast by many economists.

The drop follows a 0.9% decline in December from November and a 0.4% increase in November from the month before.

Ad Loading...

Excluding auto sales the drop was 0.9% in January. When auto and gasoline sales are excluded, sales increased just 0.2% in January, largely reflecting the steep drop the past few months in fuel prices.

Six of the 13 major retail sales categories reported a drop in January with gasoline sales falling 9.3%, the biggest decline since December 2008.

On the upside, growth over the past year in retail sales was healthy with a 3.3% increase from January 2014.

Ad Loading...

“Lower gas prices provided a welcome boost to sales early on and will continue to provide a floor to spending, but continued, above-trend growth in sales will need to stem from organic job and income growth,” said Sterne Agee Chief Economist Lindsey Piegza. “The U.S. labor market is improving in terms of the number of jobs created, but the quality remains lackluster, putting little upward pressure on wages and keeping consumers cautious.”

She said going forward, gasoline price windfalls will continue to keep overall spending positive but at a slower pace than the initial rise in October and November would suggest, meaning a more muted contribution to overall economic growth from consumer spending.

Meantime, a separate report is forecasting import cargo volume at the nation’s major retail container ports is expected to rise 10.1% this month over the same time last year, according to the monthly Global Port Tracker report from the National Retail Federation.

This comes despite West Coast ports coming closer to a possible shutdown due to the lack of a contract with dockworkers and terminal operators suspending vessel loadings and unloadings on Feb. 12, along with Feb 14 through Feb. 16, reportedly due to work slowdowns by longshoremen.

Ports covered by Global Port Tracker handled 1.44 million 20-foot equivalent units in December, the latest month figures are available, up 3.2% from November and 9.3% higher from December 2013. That brought 2014 to a total of 17.3 million TEUs, an increase of 6.6% over 2013’s 16.2 million.

Ad Loading...

January was estimated at 1.48 million TEUs, up 7.5% from January 2014. February is forecast at 1.37 million TEUs, up 10.1% from last year while the months of March through June are projected to show increases of between 3% and 5.3%. Such numbers would bring the first half of 2015 to 8.8 million TEUs, an increase of 5.8% over the same period last year.

“East Coast ports have been the beneficiaries of the labor disputes on the West Coast,” said Ben Hackett, Hackett Associates founder, which collaborates with NRF on the report, in referring to the shift of market share that has occurred as cargo has been diverted in recent months because of West Coast congestion. “We have to admit that we underestimated the level of the switch.”

Following negotiations that began last spring, the contract between the Pacific Maritime Association and the International Longshore and Warehouse Union expired on July 1. Despite nine months of ongoing talks, the lack of a contract and other operational issues has led to crisis-level congestion at the ports.

Global Port Tracker covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast.

 

More Fleet Management

Phillips Connect extends Nussbaum trailer life.

How Phillips Connect Helped Nussbaum Transportation Double its Trailer Life

Seven years into deploying Phillips Connect’s smart trailer platform, Nussbaum Transportation has extended trailer life from 10 to 15 years.

Read More →
Lance Evans, Director of Safety at K&B Transportation.

Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
TEN disaster prep.
Fleet ManagementMay 1, 2026

How Fleets Can Avoid Equipment Blind Spots in Disaster Response

When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.

Read More →
Ad Loading...
Illustration of cybersecurity images with "The Cyber Stop" text
Fleet Managementby Ben WilkensApril 30, 2026

AI Security Risks for Trucking Fleets: What to Know About Deepfakes and Agentic AI

As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.

Read More →
Mobile tablet showing Motus screen against highway background with Motus logo

FMCSA’s Motus System Is Coming. What Fleets Need to Know Now

The long-awaited registration system promises a single portal — and tighter fraud controls.

Read More →
CargoNet 2026 Qi report.
Fleet Managementby News/Media ReleaseApril 24, 2026

Cargo Theft Incidents Fall in Q1, but Organized Crime and Impersonation Drive New Risks

CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.

Read More →
Ad Loading...
Graphic with light bulbs, HDT Truck Fleet Innovators logo, and the word Nominations
Fleet ManagementApril 24, 2026

Nominations Open for HDT Truck Fleet Innovators 2026

Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.

Read More →
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
ATA Truck Tonnage Index March 2026.
Fleet Managementby News/Media ReleaseApril 22, 2026

March Truck Tonnage Posts Strongest Annual Gain Since 2022

A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.

Read More →
Ad Loading...
Toll road.
Fleet Managementby Jack RobertsApril 22, 2026

Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms

More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.

Read More →