According to ty le keonhacai latest McCown report, import container throughput fell 5.5% in September. This is a decline not seen since ty le keonhacai early stages of ty le keonhacai pandemic and is larger than ty le keonhacai 0.3% seen in ty le keonhacai previous month July and 0.6% in August.
"West Coast ports led to that overall decline with a drop of 17.0%, which is one of ty le keonhacai steepest declines in years," ty le keonhacai report said. Before that, ty le keonhacai decline was 11.5% in August and 5.1% in July.
While port congestion figures continue to improve, ty le keonhacai East Coast shift for US imports has increased. Output increased 6.6% for East Coast and Gulf Coast ports, led by New York and Houston ports. ty le keonhacai report said concerns about labor unrest on ty le keonhacai West Coast could be to blame for ty le keonhacai shift to ty le keonhacai East Coast.
September marked ty le keonhacai 16th consecutive month where East and Gulf ports outperformed West Coast ports in growth rates. Los Angeles was ty le keonhacai weakest port in September, down 26.3 percent year-over-year. Houston, Charleston and New York were ty le keonhacai fastest growing ports.
“Given signs of slowing output, ty le keonhacai final quarter of 2022 is likely to show lower import volumes than ty le keonhacai previous quarter,” ty le keonhacai report said.
While this report does not address ty le keonhacai underlying causes of ty le keonhacai drop in container throughput, other market reports have pointed to inflation in advanced economies and low consumer confidence as negative factors polarity with respect to container volume. For ty le keonhacai United States in particular, many reports cited high retailers' inventories as another reason for ty le keonhacai drop in output.
