U.S. Import Volume Down 6.8% in October, Zepol Says
U.S. import volume in October, measured in TEUs, was down 6.8% from September and another 4.8% from October of last year, Zepol said, to a total of 1,433,446 containers imported. For the remainder of 2012, U.S. imports will most likely…
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decline as the peak season ends for importers and consumption begins to wane, the report said. The U.S. had a drop in imports from Asian countries this month of more than 5%. China fell 8.2% from September and 2.4% from October of 2011, but Japan increased in TEUs to the U.S. by 14.2% from September and from last October by 1.7%. The Port of Los Angeles, which accounted for 24% of U.S. imports in October, fell 6.4% from September and another 5.7% from last year. The Port of Newark/New York fell 24.8% from September. The Port of Tacoma had a 2.3% increase in TEUs from September, and an even larger increase from last October by 36.3%. Maersk Line fell 13.5% this month, and Mediterranean Shipping by 9.6%. But APL Co had a 12% rise in imports, Zepol said.