U.S. vessel lmports drop 6.8% in October

But more surprisingly, they’re down from October of 2011.

By ·

Zepol Corporation reported this week that U.S. import volume in October, measured in TEUs (twenty-foot-containers), is down 6.8% from September and another 4.8% from October of last year.

According this leading trade intelligence company, this is total of 1,433,446 containers imported.

“Interestingly, low October numbers were not always the case. Zepol’s CEO Paul Rassmussen. “Looking at prerecession levels, October had some of the highest TEU counts, but in 2011 and 2012, the holiday import-surge has shifted back to July and August.”

According to Rassmussen, U.S. imports will most likely decline as the peak season ends for importers and consumption begins to wane. ??

Meanwhile, the United States saw a significant drop in imports from Asian countries this month by over 5%. China, which accounts for over 60% of Asian exports to the United States, fell 8.2% from September and 2.4% from October of 2011. Japan, on the other hand, increased in TEUs to the United States by 14.2% from September and increased from last October by 1.7%. Europe was a similar story to Asia, with most countries seeing a drop in imports from September. Germany saw a 16.4% drop from September and Italy and Belgium decreased 7.3% and 19%, respectively.

The Port of Newark/New York also fell significantly from September by 24.8%. But the Port of Tacoma actually saw an increase in TEUs of 2.3% and an even larger increase from last October by 36.3%.

Most ocean cargo carriers also saw a drop in October TEU imports from September. The top VOCC (vessel-operating common carrier), Maersk Line, fell 13.5% this month, as well as Mediterranean Shipping Company by 9.6%. On the other hand, APL Co had a significant rise in imports by 12% and even rose from October of 2011 by 13.6%. Overall, even though vessel imports are down in October, total U.S. imports for the year are up 2.6%, compared with January through October of 2011.

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

Ocean Cargo · Ocean Freight · Trade · All Topics
Latest Whitepaper
Warehouse Management Systems (WMS) / Inventory Management Technology: 6 Trends for the Modern Age
Here’s how the next generation of warehouse and inventory management systems are evolving to help logistics operations operate more efficiently and improve their bottom lines in our brave, new digital age.
Download Today!
From the March 2018 Logistics Management Magazine Issue
We know e-commerce is reshaping logistics, but what are the technologies savvy managers can leverage to meet evolving requirements and shifting operational constraints? We’ve rounded up insights from leading analysts to share tools that are available now as well as what’s on the horizon.
Reverse Logistics in the “Age of Entitlement”
Logistics Management’s Viewpoint on E-commerce: Leveraging available tools
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Securing IoT data across the connected supply chain
Learn why a holistic approach to IAM is the most effective way to govern access to your systems and information requested by your partners, vendors, customers, and connected devices.
Register Today!
Evolution of E-commerce: The possibilities of tomorrow
We know e-commerce is reshaping logistics, but what are the technologies savvy managers can leverage...
State of Global Logistics: Delivering above and beyond
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and...

2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...
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...