Logistics

U.S. Port Cargo Volumes: How Are Maritime Shipping Trends Shaping Up?

U.S. Port Cargo Volumes: How Are Maritime Shipping Trends Shaping Up?

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U.S. Port Cargo Volumes: How Are Maritime Shipping Trends Shaping Up?

The volume of containers handled by the 12 largest ports in the United States offers important clues about the overall state of the economy. According to the Department of Transportation, maritime shipping accounted for 40% of international cargo value in 2022. For this reason, monitoring port volumes is viewed as a reliable barometer for assessing national trade trends on a year-by-year and month-by-month basis.

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For example, during the COVID-19 pandemic, between 2018 and 2020, the top 12 U.S. maritime ports handled approximately 46 million twenty-foot equivalent units (TEU) of cargo. However, in 2021 and 2022, this volume rose above 53 million TEU, causing significant congestion and logistical delays. In 2023, cargo volumes at these ports normalized to 46.67 million TEU, above pre-pandemic levels and slightly exceeding the record level seen in 2019. How these volumes will develop in 2024 remains to be seen.

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Tracking monthly data can shed light on this question. Interested readers can view total volumes across the twelve largest ports over a period extending through the end of 2023 on the accompanying chart. To access more current data, scroll down the page and use the filters on the left-hand side to examine cargo volumes and historical insights by available months, coasts, or selected ports.

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Supply Chain Dive, the publication where this article appears, offers readers a Daily Dive subscription to receive logistics news via email and notes that it welcomes user feedback.

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Key Takeaways:
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  • In 2022, maritime shipping accounted for 40% of international cargo value.

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  • Between 2018 and 2020, the top 12 ports handled approximately 46 million TEU.

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  • In 2021 and 2022, cargo volumes rose above 53 million TEU, causing congestion.

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  • In 2023, port volumes reached 46.67 million TEU, surpassing the 2019 record.

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  • Monthly data tracking plays an important role in forecasting 2024 cargo volumes.

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  • Users can access more detailed and current data on port volumes online.

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  • Supply Chain Dive provides logistics news and data analysis to support industry professionals.

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News Link: https://www.supplychaindive.com/news/largest-us-ports-by-volume-month-coast-cargo-trends/693493/

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