THELASTMILE Logistics Outside the Box
The transport of goods via ship has been around for centuries, gaining massive efficiencies in the 1950s when Malcom McLean invented containerized shipping. Here's a quick look-sea: The global shipping container industry was $8.7 billion in 2019. It is expected to reach $12 BILLION by 2027. AROUND 95% of the world’s goods are transported by sea. There are 835 ACTIVE PORTS around the world. The United States has more than 360 commercial ports. The PORT OF SHANGHAI has the greatest cargo volume in the world. The PORT OF LOS ANGELES has the greatest cargo volume in the United States. It handled approximately 9.2 million TEU containers in 2020. Major U.S. ports handled an estimated import container volume of 2.24 MILLION TEUs in January 2022, a 9% increase from January 2021. Sea freight usually takes about ONE MONTH from China to the United States. The Ports of Los Angeles and Long Beach handle 40% of containerized imports received in the United States.
WORLD SEABORNE TRADE BREAKS DOWN TO: 52% container 22% tanker 20% general cargo 6% dry bulk
Sources: Thomasnet.com; World Shipping Council
64 Inbound Logistics • February 2022
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