June 15, 2017
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register.
Import growth at the dominant West Coast ports is slowing, and it appears that more supply chain routes are shifting to ports on the East Coast. The ports of Los Angeles and Long Beach experienced a combined 2.5% increase in inbound container volume in May, compared to the same time last year.
That was a significant decrease from surges experienced this March (26%) and April (12%). Container volume in May was 749,645 loaded inbound 20-foot equivalent units.
Two port authorities on the eastern seaboard, Virginia and Georgia, both reported import volume increases last month, by 8.8% and 13.5% respectively, compared to 2016.
New global shipping alliances and global ocean carrier consolidations are contributing to slowing West Coast imports. But shifts can also be credited to an expanded Panama Canal, capable of handling larger megaships, which is more frequently being used to get products closer to East Coast population centers.
For comments, questions or concerns, please contact Dennis Kaiser