Subscribe to our free, weekly email newsletter!


U.S. imports fall in March

According to Zepol Corporation, while February imports were unusually high, March imports were unusually low.
By Patrick Burnson, Executive Editor
April 15, 2013

U.S. import shipment volume for March, measured in twenty-foot equivalent unites (TEUs), decreased by 15% from February and by 12.5% from March of 2012.

According to Zepol Corporation,  while February imports were unusually high, March imports were unusually low.

“In fact, imports for the month of March have not been this low since 2009,” noted Paul Rasmussen, a U.S. trade expert and CEO of Zepol. “The reason for this abnormal trend is largely due to the Chinese New Year falling later this year compared to last year, thus the lull in imports was seen a month late this year. Even with March’s low import volume, overall imports for quarter one surpassed 2012 by a slight 0.11%.

Zepol analysts also observed that inbound TEUs from China dropped by nearly 36% from February, due to many Chinese factories shutting down for the holiday. Likewise, imports from Vietnam, Taiwan, and Hong Kong saw significant drops in exports to the United States. On the other hand, Japan and India picked up some market share in March, with imports from both countries rising by 17% each.

Meanwhile, imports to the U.S. west coast were down by thousands of TEUs compared to February. The Ports of Baltimore, Philadelphia, and Port Everglades saw significant increases in March, all rising by over 15%. Overall, ports on the east and west coasts saw decreases in imports, while several Gulf coast ports saw increases.

Only one of the top ten VOCCs (Vessel-Operating Common Carriers), Hapag Lloyd, saw a decrease of less than 10% from February to March. Seaboard Marine, Transfrut Express, and Hamburg Sud were a few of the rare carriers to see an increase in import volume for March.

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

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Total November POLB volumes were up 2.1 percent year-over-year at 581,514 TEU, and POLA volumes in November decreased 3 percent compared to November 2013 at 663,346 TEU.

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

Article Topics

News · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA