New data finds that the early-2015 import slump at West Coast ports have bounced back in 2016
MIAMI, FL—(March 29, 2016) – Datamyne (www.datamyne.com), a leading provider of web-based international market intelligence, finds that US import volumes, measured in TEUs, have rebounded at West Coast ports so far this year. Imports through the port of Los Angeles increased 36% January through February of 2016 and 30% through the port of Long Beach, compared with the same time period in 2015.
“West Coast ports have indeed made a comeback from the labor disputes and slowdowns that negatively impacted volumes in early 2015” says Datamyne CEO, Brendan McCahill. “Combined, LA and Long Beach made up for 39% of all ocean imports to the United States in January and February of this year, up 4 percent over the same two months last year.”
The port of Oakland also had a notable 52% increase in import TEUs compared with January and February of 2015.
East and Gulf Coast ports did not see the same sweeping growth. Compared to January through February of last year, the port of New York/Newark increased in import volume by 5%, Norfolk, VA was up 17% and Houston declined 4%. The port of Savannah, which looked to have prospered from the western slowdowns last year, has continued to grow by 9 percent so far this year.
More information about February port growth: http://www.datamyne.com/blog/transport/west-coast-ports-cargo-volumes-gain-february/
Download our latest port ranking report: http://www.datamyne.com/free-report-library/
Founded in 1992 with the aim of clearly and accurately documenting import-export transactions in the Americas, Datamyne has since claimed a top-ranked position in the highly competitive US market for trade data. Datamyne today offers the best value in business intelligence: easy access, with expert support, at an affordable price, to the world’s largest searchable trade database. Built and maintained by an international team, Datamyne covers the cross-border commerce of some 50 countries on 5 continents, including US trade with over 230 markets.
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