US Gulf Coast ports fell 2.3pc in July, exports down 1.6pc
US Gulf Coast ports fell 2
US Gulf Coast ports fell 2.3 per cent compared to 2019 through July, and exports fell 1.6 per cent, reports IHS Media.
The nine largest gateways for container cargo on the US Gulf Coast handled 2.05 million TEU through July, a two per cent decrease from the same seven months a year prior.
The declines are seen as an effect of the Covid crisis, as global consumer demand declined from it.
The Port of Houston saw its import volumes fall 4.7 per cent to 685,889 TEU during the period as Covid lockdowns brought the US economy to a standstill. Only two other ports registered declines, the Port of Gulfport was down 7.7 per cent and the Port of Galveston was down 0.5 per cent.
Volumes through the Port of Houston increased 1.2 per cent to 713,366 TEU and total outbound shipments from the US grew 6.8 per cent to 542,762 TEU.
Export gains from the Port of Mobile were up 14.7 per cent, the Port of Galveston was up 14.3 per cent, and the Port of Tampa 11.4 per cent. Meanwhile, the Port of New Orleans was down 3.1 per cent, the Port of Freeport was down 17.4 per cent, the Port of Gulfport was down 55.3 per cent, the Port of Panama City was down 3.2 per cent, and the Port of Manatee was down 87.8 per cent.