Inbound Logistics | July 2024

TAKEAWAYS

PORTS BANK ON IMPORTS For leading U.S.

How did all of this impact volume at the ports? Datamyne shows a lift in import TEUs through the end of 2023, with October up 43%, November gaining 7.5%, and December improving on 2022 by 9.4%—which looks promising. Early data through March 31, 2024 (the latest available) suggests the growth has continued into the first quarter of this year, with year-over-year import volume gains of 9.4% in January, 22.3% in February, and 14.4% in March. Here are the country’s top 15 ports ranked by 2023 import volumes measured in TEUs: 1 Los Angeles, CA 2 New York-New Jersey

ports, 2023 was a surprising year in a number of ways. After a turbulent 2022 that was both boom and correction, 2023 imports

defied predictions. Demand grew steadily stronger and ignored normal peak season import patterns, according to data analyzed by Descartes Datamyne. However, all was not smooth sailing for container imports. Persistent drought lowered the level of water in the Panama Canal, slowing Asian shipments to Gulf and East Coast ports, though volumes remained strong in these regions. Maritime trade in the Red Sea came under attack, resulting in diversion away from the Suez Canal at the end of the year. And the supply chain continued a pattern of unpredictability based on fallout from the Russia/Ukraine and Hamas/Israel wars.

9 Tacoma, WA 10 Miami, FL 11 Baltimore, MD 12 Seattle, WA 13 Philadelphia, PA 14 Port Everglades, FL 15 Mobile, AL

3 Long Beach, CA 4 Savannah, GA 5 Houston, TX 6 Norfolk, VA 7 Charleston, SC 8 Oakland, CA

WE PROMISE, WE DELIVER. EXPEDITED FLAT BEDS TEMP CONTROL PORT DRAYAGE YARD MGMT SUPPORT FULL TRUCKLOAD POWER ONLY AUTOMOTIVE PARTS FOODSTUFFS LOGISTICS

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July 2024 • Inbound Logistics 31

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