Subscribe to our free, weekly email newsletter!


Total container trade falls in February after January upswing

The total number of shipments also decreased 11.09 percent from January and increased 7.27 percent over last February. Year to date, total TEUs are up 13.24 percent this year over last year.
By Patrick Burnson, Executive Editor
March 14, 2011

Import shipment volume for February, measured in twenty-foot equivalent units (TEUs) decreased 9.94 percent from January and increased 9.03 percent over February 2010, reported Zepol Corporation, a trade intelligence company.

The total number of shipments also decreased 11.09 percent from January and increased 7.27 percent over last February. Year to date, total TEUs are up 13.24 percent this year over last year.

Among the key statistics from this month’s update, said analysts are that Asian origin volumes fell to levels seen in December 2010, decreasing 11.42 percent from January to February of this year.

Meanwhile, imports from Central America, measured in TEUs, rose 4.88 percent from January to February as fresh fruit imports took an upward turn.

Also of note, said analysts, was that ports on the Atlantic Coast show the greatest increases in volumes for February 2011 over January 2011.

“This has been a trend we’ve been tracking for the past three years,” said Zepol president and CEO, Paul Rasmussen. “More than 50 percent of cargo now coming to the East Coast emanates from Asia.”

In an interview, Rasmussen said that shippers are “building new relationships” with ports in anticipation of the Panama Canal expansion on 2014.

“I was at the AAPA (American Association of Port Authorities) meeting in Tampa not long ago, and learned that shippers may be gradually moving their supply chains to become less dependent on the U.S. West Coast,” he said.

Overall, levels dropped on the Pacific coast with an overall average decrease of 14.15 percent, from January Zepol analysts stated.

Maersk Line continues to hold the top carrier spot, however, it experienced a volume decline of 10 percent from January to February of this year.

Zepol’s data is derived from Bills of Lading entered into the Automated Manifest System. This information represents the number of House manifests entered by importers of waterborne containerized goods. This is the earliest indicator for trade data available for the previous month’s import activity. The data excludes shipments from empty containers, excludes shipments labeled as freight remaining on board, and may contain other data anomalies.

For related stories click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(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

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

As the July 1st date for complete compliance looms, shippers are seeking help to cope with the mandatory changes instituted by the International Maritime Organization (IMO) to the Safety of Life at Sea Convention (SOLAS).

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA