MARKET research company Zepol reports that the ports of New York and New Jersey have surpassed Long Beach in container imports in the first two months of the year because of west coast congestion and labour strife this year.
"Due to these events, it's the first time in over 11 years the port of New York/Newark has passed Long Beach as the second-largest port in the United States," said Zepol CEO Paul Rasmussen.
The company also noted that US container imports were down more than five per cent in January and February year on year with nearly all of the decline attributed to west coast problems.
The ports of Los Angeles and Long Beach, which typically account for 40 per cent of US container imports, declined 19 per cent in January and 20 per cent February year on year.
East coast ports have reaped the benefit, especially the port of New York/New Jersey, which increased container imports eight per cent this year.
"The decline along the west coast has led to diverted shipments and a surplus in volume across the Atlantic and Gulf Coast," said Mr Rasmussen.
Total US imports dropped 5.3 per cent in the first two months of 2015 year on year to 2.78 million TEU.
Combined, the ports of Los Angeles and Long Beach have declined by over 230,000 TEU compared to the first two months of 2014, reports the American Journal of Transportation.
Most east and Gulf Coast ports have seen growth in containers. The port of New York/Newark grew by over 34,000 TEU. The port of Savannah increased 20 per cent with an increase of over 40,000 TEU and Houston rose 29 per cent, by nearly 31,000 TEU.
PORTS
17 March 2015 - 08:01
Zepol: Long Beach loses No 2 spot to New York/NJ as US box port
MARKET research company Zepol reports that the ports of New York and New Jersey have surpassed Long Beach in container imports in the first two months of the year because of west coast congestion and labour strife this year.
PORTS
17 March 2015 - 08:01
Zepol: Long Beach loses No 2 spot to New York/NJ as US box port
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