Port activity rebounded in March

May 7, 2012

After a very weak February, West Coast ports rebounded strongly, making up nearly all of the lost volumes. The February weakness was due primarily to the date of the Chinese New Year. March volumes were up 21.0% from February, and the year-over-year comparison returned to the positive, +7.2%. This is the best prior year comparison since February of last year. Volumes in March were at 1.628 million TEUs. This is just below the 1.645 million TEUs that were moved back in January.

Import markets rebounded strongly in March, versus February. This accounted for most of the weakness in February’s data. Imports of containers was up more than 10% versus last year. After accounting for typically seasonality in this market, volumes grew an impressive 16%. Despite the strength seen in March, February’s very weak results are keeping full Q1 imports break even with last year.

TEU: Twenty-Foot Equivalent Unit
The standard unit for describing a container ship’s cargo carrying capacity, or a shipping terminal’s container cargo handling capacity. A standard forty-foot international container (40x8x8 feet) equals two TEUs (each 20x8x8 feet).

Print Page

Click the link below to print a print-friendly page of the this analysis.

Print Page
Create Your Own Chart

Use our chart creator to generate charts using the data that was used in this analysis.

TruckGauge Chart Creator
Download TruckGauge Data

This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.

Upgrade to a Premium Member
Thank you for choosing TruckGauge as your source for trucking intelligence and forecasting. Please visit www.truckgauge.com for new and updated information on trucking and business information.
  • Not A Member Yet? Click Here to Subscribe Today!
  • © 2011 TruckGauge

    |

    Privacy Policy

    |

    Terms and Conditions

    |

    Webmaster

    |

    Contact Us