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

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

The Department of Transportation’s Bureau of Transportation Logistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in December 2014 was up 5.4 percent annually at $95.8 billion. This marks the 11th straight month of annual increases, according to BTS officials.

While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

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