Imports continue to decline and are close to where they were before COVID-19, but the coastal mix is very different.
November saw another double-digit drop in America’s containerized imports, driven by sinking volumes from Asia.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
Truckload volumes in Elizabeth, New Jersey, are still rising after a boost in imports last week, but that will likely change in the days ahead. Detroit’s volume boom went bust, bringing reactions to their lowest on record since 2018.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
Southern California ports are being hit by double-digit import drops as the COVID-19 cargo boom winds down.
Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
Reefer volumes spike in Illinois, the port of Houston sees a record number of TEUs in August, and exports from China continue to slide worldwide.
Importers have been shifting to the East Coast since 2021, but the full realization of this has peaked over the summer. The shifting import pattern has strong downstream effects for surface transportation providers.
After 10 years of negotiations, the Mexican state of Jalisco recently received approval from the U.S. Department of Agriculture to begin exporting Hass avocados to America.
