Posted on: Aug 19, 2014
As July container import numbers show major year-over-year gains, it is anticipated that container imports may break an all-time record in August.
July’s total containerized imports were 1.7 million TEUs, 5.8 percent higher than June’s total and nearly 5 percent higher compared to July 2013. Trade analysts attribute the increases to both an improving economy and a pre-mature peak season, with retailers importing merchandise early because of the ongoing contract negotiations between the unions and ports.
JOC/PIERS data shows the Port of Los Angeles’ traffic was down 1 percent year-over-year in July at 360,564 TEUs. Imports through Long Beach rose 7 percent in July to 325,203. New York and New Jersey saw 6 percent growth to 269,494 TEUs. The Port of Savannah saw the largest year-over year increase of 30 percent, rising to 122,601 TEUs.