![]() The research also looked at warehousing around US ports. ![]() West Coast ports accounted for 48.6% of cargo volume handled during the first half of 2022, down from 49.6% at year-end 2021.Īs can be seen in the chart below, annual growth in container volumes for the top 10 ports has been up and down for the past 10 years (represented by the light blue line in the graphic below from the report), but spiked to 15% in 2021, but now expected to be just over 4% in 2022. In fact, the Port of Los Angeles’ market share has declined modestly since the close of 2021 (20.2%) to 19.6%, while the Ports of Long Beach and NY/NJ each saw its market share climb 0.4% points and 0.7%, respectively, over the same period to 18.1% and 17.7%. But as some container ships from Asian were redirected away from West Coast ports this year due to long waits to unload, large increases were seen at the Ports of Houston (+29.4%), Charleston (+21.2%), and NY/NJ (+12.4%). The Port of Los Angeles saw a 0.3% decrease in activity compared to mid-year 2021, while Jacksonville and Oakland saw year-over-year volumes decrease 9.6% and 5.5%, respectively. Within the top 10, lots of dynamics, especially in 1H 20222. ![]() Over the last few years, the top 10 maritime ports have accounted for approximately 85% of TEU volume handled throughout the US. Next, what share of total container volumes do those top 10 ports handle? Quite a bit, Cushman & Wakefield finds. Rounding out the top 10 are: (4) Savannah (5) Houston (6) Virginia (7) Seattle/Spokane (8) Charleston (9) Oakland and (10) Jacksonville. Number 3 was the port of New York/New Jersey, at just under 5 million TEU, but SCDigest notes that for the month of August, New York/New Jersey surpassed both LA and Long Beach in container volumes, though combined the twin California ports are of course much larger. What are the largest US ports by container volumes handle (as measured by TEU volume)? Through June, the port of Los Angeles usual led the way, processing about 5.4 million TEU, followed closely by LA’s sister port of Long Beach, at just over 5 million TEU. The data unless otherwise noted, are through the 1H of 2022, with numbers for this full year estimated on an annualized basis based on 1H data and usual 2H trends. Some experts are saying more dramatic cuts in ship sailings will be needed to stem the rate collapse. Real estate firm Cushman & Wakefield recently published a look at US ports, in a report filled with numbers and charts that updates the state of US ports from many angles.
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