Subscribe to our free, weekly email newsletter!


Ocean shipping: August volumes at Port of Baltimore are second-highest ever, says MPA

By Jeff Berman, Group News Editor
October 13, 2010

Recent monthly volume gains at the Port of Baltimore’s public marine terminals continued their record-breaking pace in August, according to data released this week by the Maryland Port Administration (MPA).

In August, 57,510 TEU (Twenty-foot equivalent units) moved through the Port of Baltimore, marking the second highest monthly volume total ever recorded at the port, behind only July, which hit 63,740 TEU. Rounding out the top five volume months at the port are June 2010, July 2005, and July 2006 at 57,277 TEU, 56,454 TEU, and 56,219 TEU, respectively.

MPA spokesman Richard Scher said these volume gains are a sign that consumer demand is beginning to bounce back, with more purchases being made and people’s buying confidence being somewhat stronger than it was a year ago.

“The improving economy—even though we are at the beginning of the recovery—is certainly a big part of this, but another big part is that two years ago we were able to sign MSC and Evergreen to extended long-term agreements in Baltimore,” said Scher.

Both carriers are under contract for the next several years, which, Scher explained, will keep containers coming into the port and maintain existing port jobs. MSC’s contract runs through 2014, and Evergreen’s is through 2018. Hapag-Lloyd, APL, and NSCSA among several other carriers call on the Port of Baltimore, too.

“The recent surge in containers coming through the Port of Baltimore is very good news for retailers, consumers and jobs at the Port,” said Maryland Governor Martin O’Malley in a statement.  “This trend indicates that consumer demand is on the rise, more goods are being produced and more cargo is being exported and imported.  These are all very favorable signs as we continue to recover from an extremely challenging economic decline.”

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(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

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups

Satish Jindel, president of Pittsburgh-based SJ Consulting, says that one way for LTL carriers to improve both their bottom lines and overall productivity is to get a better grasp on the cost of handling a shipment and the pricing they have for it.

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA