U.S. imports fall in March

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

By ·

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

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 [email protected]

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!

Article Topics

All Topics
Latest Whitepaper
Making the Case For: An Automated Dimensioning Solution
Read our new Making the Case download to learn how a growing number of shippers are managing these market pressures and realizing significant ROI from investments with the help of automated dimensioning solutions.
Download Today!
From the December 2017 Logistics Management Magazine Issue
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
2018 Customs & Regulations Update:10 observations on the “digital trade transformation”
Moore on Pricing: Freight settlement and your TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2018 Rate Forecast
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...

2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...
26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...