In 2021, on the heels of a Covid recession, the U.S economy grew 5.7%, partly thanks to a 7.9% resurgence in consumer spending. Shipping is an integral part of the supply chain that delivers goods to consumers, so today, we will share ten of the largest U.S ports by container throughput.
The list below will provide information about the ports, and the rankings are determined by how many twenty-foot equivalent units (TEU) they handled in 2021. We will also share some exciting facts about each Port, like its economic impact and how many people it employs.
Read on and find out which ports handle the most containers and facilitate global trade with the U.S. Our countdown begins with Port # 10 on the list…Miami Port.
# 10: The Port of Miami
Location: Miami, Florida
Annual container volume: 1.25m TEU (2021)
Port of Miami is the largest passenger port in the World and one of the largest cargo ports in the United States. The Port accounts for approximately 334,500 jobs and has an annual economic impact of $43 billion on the state of Florida.
It is the busiest cruise/passenger port in the World and also serves as the homeport of one of the largest cruise ships in the World, Symphony of the Seas. Over 5.5 million passengers pass through the Port of Miami each year.
The Port primarily handles containerized cargo with small amounts of breakbulk, vehicles, and industrial equipment.
# 9: The Port of Oakland
Location: Oakland, California
Annual container volume: 2.4 million TEU (2021)
Port of Oakland was the first significant Port on the Pacific Coast of the United States to build terminals for container ships.
In June 2016, the Oakland City Council voted unanimously to ban the handling and storage of coal and coke at the Port.
The Port also operates Oakland International Airport.
# 8: The South Carolina Ports
Location: South Carolina
Annual container volume: 2.75 million TEU (2021)
The South Carolina Ports Authority handles international commerce valued at more than $75 billion annually. It generates 1 in 10 jobs in the state, and port-supported jobs pay 32% higher than the state’s average annual wage.
According to a 2019 study, the total economic impact of the SCSPA on the state of South Carolina is approximately $63.4 billion.
South Carolina ports account for 224,963 jobs.
#7: The Port of Virginia
Annual container volume: 3,522,834 TEU (2021)
Facilities of the Port of Virginia are four marine terminals:
Norfolk International Terminals (NIT)
Portsmouth Marine Terminal (PMT)
Newport News Marine Terminal (NNMT)
Virginia International Gateway (VIG)
The Virginia Port Authority maintains its Own Police force of fully certified and sworn law enforcement officers of the Commonwealth of Virginia.
#6: The Port of Houston, TX
Location: Houston, Texas
Annual container volume: 3.5 million TEU (2021)
It is the U.S.’s largest Port for waterborne tonnage.
Port of Houston is responsible for creating 1.35 million jobs in Texas and 3.2 million jobs nationwide.
It has an economic impact of $801.9 billion in the U.S.
#5: The Northwest Seaport Alliance, WA
Location: Tacoma, Washington
Annual container volume: 3,736,206 TEU (2021)
In 2021 NSA’s top origin country was China (820,939 TEU)
Its top destination country was Japan (159,223 TEU)
The Northwest Seaport Alliance comprises the seaports of Seattle and Tacoma(Washington State)
#4: The Port of Savannah, GA
Location: Georgia, U.S.A.
Annual container volume: 5.6 million TEU (2021)
Satellite terminal facilities of the Port of Savannah include:
Garden City Terminal
Sea Point Industrial Terminal Complex
Target Corporation Facility
Heineken USA Facility
#3: The Port of New York and New Jersey
Location: New York
Annual container volume: 8.9 million TEU (2021)
The Port of NY/NJ is the largest container complex in the World.
The Port’s top trading partner is China, followed by Italy and Germany.
Its top import is beverages, followed by vehicles.
New York and New Jersey are the 3rd leading states for total exports to foreign countries.
#2: The Port of Long Beach
Location: Long Beach, California
Annual container volume: 9.38 million TEU (2021)
The Port generates approximately $100 billion per year in trade.
It employs 316,000 people in California.
Port of Long Beach launched The Green Flag incentive Program, which gives discounts to ships to slow down within 20 nautical miles of the harbor to decrease fuel consumption and reduce air pollution.
#1: The Port of Los Angeles, CA
Location: Los Angeles, California
Annual container volume: 10.7 million TEU (2021)
Coming in at number one is the Port of Los Angeles which ranks as the nation’s largest Port by container throughput. Some interesting facts about the Port include that:
It accounts for employing 3 million people in the U.S.
The Port boasts 7 500 acres of land and water, which include:
Cargo terminals with facilities for automobile, dry and liquid bulk, breakbulk, and warehousing.
Port of LA is in charge of the Los Angeles Waterfront, which welcomes millions of visitors annually.
In conclusion, the ports listed above have a substantial economic impact on the country and employ millions of people. In addition, they facilitate U.S trade with other countries and provide a gateway for some of the goods we use daily. We hope you found the list of the largest U.S ports by container throughput informative and continue to follow Freight Caviar as we share valuable facts and figures about the logistics industry.
Did you know that 90 percent of the goods you buy get to you thanks to transportation by sea? Have you ever wondered how maritime shipments work and how goods make it from one part of the world to another over water?
Today, we will share 10 of the world’s largest and busiest sea container ports. These ports are responsible for transporting a significant chunk of global goods, ranging from crude oil and iron ore to agricultural products such as wheat and sugar. In addition, they play a crucial role in the supply chain and are a powerful driving force behind globalization.
Interesting facts about container ports
The median annual volume of the top 50 ports jumped from 5.49 to 5.86 million TEU in the last four years.
Of the top 10 ports in the world, only one is outside of East Asia.
Five of the ten largest ports by cargo volume are in China.
Read on to discover the five non-Chinese ports and the one non-East Asian port.
What are TEUs?
A TEU (twenty-foot equivalent unit) is a volume measure in units of twenty-foot long containers. One 20-foot container equals one TEU.
# 10 Port of Hong Kong
Country: Hong Kong
Location: Hong Kong
Region: East Asia
Annual container volume: 17.79 million TEUs
It is one of several hub ports serving the South-East and East Asia region and part of the Maritime Silk Road that runs from the Chinese coast via the Suez Canal to the Mediterranean.
It was the world’s busiest container port from 1987 to 1989, 1992 to 1997, and 1999 to 2004.
# 9: Port of Long Beach/Port of Los Angeles
Country: United States
Location: Long Beach, California
Region: West Coast
Land area: 3,200 acres (13 km2)
Annual container volume: 20.06 million TEU
Port of Los Angeles occupies 7,500 acres (3,000 ha) of land and water with 43 miles (69 km) of waterfront and adjoins the separate Port of Long Beach.
The cargo coming into the port represents approximately 20% of all freight coming into the United States.
# 8Port of Tianjin
Region: East Asia
Land area: 121 km
Annual container volume: 20. 26 million TEU
Tianjin is the largest port in Northern China, the maritime gateway to Beijing, and the largest man-made port in mainland China.
Most of its land surface is storage and processing facilities, with several million km2 of storage yards, warehouses, and tank farms operated by dozens of enterprises.
# 7Port of Busan
Country: South Korea
Region: East Asia
Annual container volume: 22,706,130 million TEU
The BusanPort Authority, founded in 2004, operates the port.
Today the Port of Busan consists of four ports- North Port, South Port, Gamcheon Port, and Dadaepo Port.
# 6 Port of Qingdao
Location: Shandong Province Yellow Sea
Region: East Asia
Annual container volume: 23.7 million TEUs
It consists of four ports: Dagang port area, Qianwan port area, Guangdong oil port area, and Dongjiakou port area.
# 5: Port of Guangzhou
Location: Pearl River Delta
Region: East Asia
Annual container volume: 24.18 million TEUs
Guangzhou was an important port during ancient times, as far back as the Qin Dynasty, and is at the intersection of the three most important rivers of Dongjiang, Xijiang, and Beijiang in South China.
The port handles various activities, including loading and discharging, storage, bonded warehousing, and container cargo services.
# 4: Port of Shenzhen
Location: Pearl River Delta
Region: East Asia
Annual container revenue: 28: 76 million TEUs
It is a collective name of several ports along the coastline of Shenzhen, Guangdong Province, China.
Port of Shenzhen is home to 40 shipping companies that have launched 130 international container routes.
# 3: Port of Ningbo-Zhoushan
Location: Yangtze Delta
Region: East Asia
Annual container revenue: 31.08 million TEUs
It consists of several ports: Beilun (seaport), Zhenhai (estuary port), and old Ningbo harbor (inland river port).
# 2 Port of Singapore
Location: Singapore Strait
Region: South East Asia
Annual container volume: 37.47 million TEUs
Port of Singapore is a collective of facilities and terminals that conduct maritime trade and handles Singapore’s harbors and shipping.
It was the busiest port in total cargo tonnage handled until 2005 when it was overtaken by the number one port on our list.
# 1 Port of Shanghai
Location Yangtze Delta
Region East Asia
Annual container volume: 47 million TEUs
Shanghai is one of only four port cities in the world to be categorized as a large-port Megacity due to its high volumes of port traffic and large urban population.
The Port of Shanghai is a critically important transport hub for the Yangtze River region and the most crucial gateway for foreign trade. It is part of the 21st Century Maritime Silk Road.
The container ports we have listed above are essential to the movement of goods worldwide. We hope you found the information above helpful, whether you are trying to understand supply chains or are in the shipping world.
Moving freight by rail is four times more fuel efficient than trucks. However, it is worth noting that a handful of companies are responsible for carrying most of the goods around the country and to and from ports.
Because of global warming, railroads are increasingly important as the transportation solution of choice. Today, we will look at some of the most prominent players in the railroad industry. We will look at their market capitalization, the region where they operate, and the length of rail they have.
Headquarters: Fort Worth, Texas
Founded: September 22, 1995
Length: 32,500 miles
Region: West, Midwest, and South United States & Western Canada
Market Capitalization: $636.17B
BNSF is one of 7 North American Class I railroads with 35,000 employees and nearly 8,000 locomotives operating in 28 states.
BNSF and the Union Pacific Railroad have a duopoly on all transcontinental freight rail lines in the Western, Midwestern, and Southern United States.
Headquarters: Omaha, Nebraska
Length: 32,100 miles
Region: West, Midwest, and South United States
Market Capitalization: $141.9B
Headquarters: Jacksonville, FL
Founded: July 1, 1986
Length: 21,000 miles
Region: Northeast, South, Midwest United States and Eastern Canada
Market Capitalization: $67.89B
Canadian National Railway
Headquarters: Montreal, Canada
Founded: June 6, 1919
Length: 20,400 mi
Region: Canada, United States
Market Capitalization: 109.93B
CN is Canada’s largest railway company in revenue and the physical size of its rail network. The network spans Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia across approximately 20,400 route miles.
Norfolk Southern Railway
Headquarters: Atlanta, Georgia
Length: 19,335 miles
Region: Northeast, South, and Midwest United States
Market Capitalization: $56.86B
It was formed in 1982 by the merger of the Norfolk and Western Railway and the Southern Railway. The most common commodity type carried by NS is Intermodal containers and trailers, offering the most extensive intermodal rail network in eastern North America.
The U.S. freight rail network is considered the world’s largest and most cost-efficient freight system. The railroad companies above invest one of the highest percentages of revenues (19 %) to maintain and add capacity to their system. We hope this article has been informative and gives you a better understanding of how the railway industry works.
The trucking industry makes up 6% of full-time jobs in the country. Because of this fact, not only does it move goods, but the industry is also a large employer. Out of the 1.2 million companies in the U.S trucking industry, today, we focus on the top ten.
These companies are the leaders in the trucking industry, from more than $3 billion to revenues as high as $84 billion. In this article, we will look at the companies, the number of people they employ, including how their stock performed year-to-date.
# 10: Landstar System Inc.
Headquarters: Jacksonville, Florida, United States
Revenue: 3.65 billion USD (2017)
Number of employees: 1,273 (2017)
The company uses an extensive network of more than 11,000 independent owner operators throughout the United States and Canada to a lesser extent.
# 9: Old Dominion Freight line
Headquarters: Thomasville, North Carolina, United States
Revenue: 4.015 billion USD (2020)
Number of employees: 24,585 (2022)
It is an American regional, inter-regional and national less than truckload shipping company that also offers logistics and household moving services.
# 8: YRC Worldwide, Inc.
Headquarters: Overland Park, Kansas, United States
Revenue: $5.1B (2021)
Number of employees: 19,000 (2017)
# 7: Schneider National
Headquarters: Green Bay, Wisconsin, United States
Revenue: 5.6 billion U.S. dollars.
Number of employees: 16,050 (2021)
Founded in 1935, Schneider is headquartered in Green Bay, Wisconsin. Schneider’s core business focuses on truckload, intermodal, and brokerage services.
# 6: Knight-Swift Transportation Holdings Inc.
Headquarters: Phoenix, Arizona, United States
Revenue: $5.99 B (2021)
Number of employees: 25,400 (2017)
It is the fifth largest trucking company in the United States, and in January 2022, Knight-Swift acquired Midwest Motor Express to expand its LTL footprint.
# 5: TFI International Inc.
Headquarters: Montreal, Canada
Revenue: 7.22 billion USD (2021)
Number of employees: 28,286 (2022)
It is a Canadian transport and logistics company that operates primarily in Canada, the United States, and Mexico. TFI operates through 4 business segments: LTL, package and courier services, brokerage, and truckload.
# 4: J.B. Hunt Transport Services, Inc
Headquarters: Lowell, Arkansas, United States
Number of employees: 29,056 (2019)
It is an American transportation and logistics company mainly operates large semi-trailer trucks and provides transportation services throughout the continental U.S., Canada, and Mexico.
# 3: XPO Logistics
Headquarters: Greenwich, Connecticut, United States
Revenue: 12.81 billion USD (2021)
Number of employees: 44,000 (2021)
XPO Logistics is an American freight transportation company that offers services including:
Global forwarding services
# 2: FedEx Corporation
Founded: May 5, 1971, Little Rock, Arkansas, United States
Headquarters: Memphis, Tennessee, United States
Revenue: $83.959B (2021)
It is an American multinational conglomerate holding company focusing on transportation, e-commerce, and logistics services.
# 1: United Parcel Service
Headquarters: Atlanta, Georgia, United States
Founded: August 28, 1907, Seattle, Washington, United States
Revenue: 84.63 billion USD
Number of employees: 534,000 (2022)
It is the largest courier company in the world by revenue and has grown to become a Fortune 500 company primarily known for its ground shipping services. It focuses mainly on international shipping & receiving and supply chain management.
71% of all the freight in America is moved by truck. This transportation of goods is led by the ten companies above. We hope you have a clearer picture of the most prominent players in the trucking industry. Whether you want to invest in some of these companies or you want to understand logistics, we hope the information was helpful.
Did you know that 80% of the world’s goods are transported over sea? Have you ever wondered how many ships and containers are needed to transport all these goods? This article will look at some large firms dominating the shipping industry.
Several factors determine the rankings of the ten companies below:
Their fleet: This is the number of ships that the company owns.
Total shipping capacity is measured in twenty-foot equivalent units (TEUs). TEU is the volume of a twenty-foot-long shipping container.
Market capitalization: The total value of all a company’s shares of stock. Mega-ships are ships with a capacity of over 18,000 TEUs; given the scale of human consumption, container ships are growing bigger. For example, the Ever Ace, which Evergreen owns, has a capacity of 24,000 TEUs. It is the largest ship in the world.
We also examine how the ten companies below have been performing financially over the last five years.
# 10: Wan Hai Lines, Ltd
Headquarters: Based in Taipei, Taiwan
Fleet: 147 ships
TEU capacity: 412,204
Market share: 1.6%.
Market capitalization: 286.23B TWD
When they started, Wan Hai’s business was mainly logging transportation between Taiwan, Japan, and Southeast Asia. Now they offer services to Canada, the U.S., South America, Africa, and the Middle East.
# 9: Yang Ming Marine Transport Corporation
Headquarters: Keelung City, Taiwan
Founded: December 16, 1972
TEU capacity: 666,164
Market share: 2.6%
Market capitalization: 302.07B TWD
On June 4, 2018, the container ship Y.M. Efficiency lost 83 containers at sea due to extremely rough weather conditions close to Australia’s New South Wales coast. Although no dangerous goods were discharged into the sea, some medical and surgical items were noted floating and recovered ashore.
# 8: HMM Co. Ltd
Headquarters: Seoul, South Korea
Founded: March 25, 1976
TEU capacity: 820,320
Market share: 3.2%
Market capitalization: 11.67T Korean W
The company moves most of South Korea’s exports, making it the number one Korean national container carrier. It was formerly known as Hyundai Merchant Marine.
# 7: Evergreen Marine Corporation
Headquarters: Taipei City, Taipei, Taiwan
TEU capacity: 1,504,564
Market share: 5.9%
Market capitalization: 486.78B Taiwanese dollars
In March 2021, one of the company’s ships, Ever Given, made international news. It got stuck and blocked the Suez Canal for nearly a week, holding up an estimated $400 million an hour in trade.
# 6: Ocean Network Express Holdings, Ltd. (ONE)
Headquarters: Tokyo and Singapore
TEU capacity: 1,515,708
Market share: 6.0%
Market capitalization: 218.40m HKD
ONE is a member of THE Alliance long with Hapag-Lloyd, HMM Co. Ltd., and Yang Ming Marine Transport Corporation. THE Alliance is a group of container shipping companies intended to provide 34 shipping services, directly calling at 81 different ports around the world.
# 5 Hapag-Lloyd AG
Headquarters: Germany, Hamburg, Germany
Founded: September 1, 1970
TEU capacity: 1,742,598
Market share: 6.9%
Market capitalization: 58.33B Euro
In September 2014, its ship, the 8,750-TEU Colombo Express, collided with the 8,112-TEU Maersk Tanjong near the entrance of the Suez Canal at Port Said.
# 4: COSCO SHIPPING Holdings
Headquarters: Beijing, China
Fleet: 474 ships
TEU capacity: 2,927,413
Market share: 11.5%
Market capitalization: 208.80B CNY
The company continued transporting Russian crude oil to China while the world’s leading shippers stopped deliveries to and from Russia.
# 3: CMA CGM S.A.
Headquarters: CMA CGM Tower, Marseille, France Fleet: 578 TEU capacity: 3,261,052 Market share: 12.8%
In 2018, the container ship CMA CGM Norma collided with China’s flagged Yusheng366 vessel in Hong Kong waters. As a result, Yusheng366 sank while Norma suffered minor damages.
# 2: Maersk
Headquarters: Copenhagen, Denmark
Founded: April 16, 1904
TEU capacity: 4,245,962
Market share: 16.7%
Market capitalization: 342.44B Danish kronor
The hijacking of Maersk’s Alabama off the Somali coast in 2009 inspired the 2013 movie Captain Philip, starring Tom Hanks.
# 1: MSC Mediterranean Shipping Company S.A.
Headquarters: Geneva Switzerland
Fleet: 1663 ships
TEU capacity: 5,339,852
Market share: 17.1%
MSC operates the world’s two largest container ships, MSC Gülsün and MSC Samar. The company remains independent and wholly owned by the Aponte family.
In 2021, the company’s container ship MSC Messina sank halfway between Sri Lanka and Malacca Strait.
When it comes to freight brokerage stocks, ArcBest is far and away the best performer. Its stock has risen over 45% in the last year. CH Robinson, XPO, Landstar, and Schneider have all lagged behind in terms of stock price performance. Read below if you’re interested in seeing how these stocks have performed over the last year.
C.H Robinson Worldwide Inc.
C.H. Robinson is the largest third-party logistics provider in the United States, headquartered in Eden Prairie, MN.
The company has a market capitalization of $12.87B. A year ago, on 28 July 2021, its stock was trading at $88.51. Currently, its stock is trading at $101.13, marking a 14.26% increase from last year.
In the last quarter ending March 2022, its revenue was up 41.88% to $6.82B. Net income was up 56% to $270.35M, while its net profit margin was up 9.97%.
XPO Logistics Inc.
Based in Greenwich, Connecticut, this American freight transportation company primarily provides less-than-truckload and truck brokerage services in 18 countries.
It has a market capitalization of $6.22B, and its revenue in 2021 was $12.81B. A year ago, XPO stock was $80.16, and now it is trading at $54.10, which marks a -32.51% decline in the past year.
In the last quarter ending March 2022, revenue was up 16.19% to $3.74B. Net income rose by 324.53% to $488M while net profit margin went up 264.94% to 14.05%.
Landstar System Inc.
Landstar is a transportation services company with headquarters in Jacksonville, Florida. It specializes in third-party logistics and has an extensive network of more than 11,000 independent owner-operators.
The company has a market capitalization of $5.40B. On 28 July 2021, Landstar stock was trading at $152.64; now, it is trading at $148.31, a -2.84% decline in the past year.
In the last quarter ending March 2022, revenue was up 25.72% to 1.98B. Net income was up 21.95% to $112.56M, and its net profit margin was down 2.9%.
Schneider National Inc.
The company provides truckload, intermodal, and logistics services.
The market capitalization of Schneider National is $4.29B. A year ago, its stock was trading at $21.15; now, it is at $24.10, marking a 13.95% rise in the past year.
In the last quarter ending March 2022, revenue was up 31.9% to $1.62B. Net income was up 68.07% to $92.1M, while its net profit margin was up by 27.35%.
ArcBest’s market capitalization stands at $2B. A year ago, its stock was trading at $56.14 compared to now when it is trading at $81.73, marking a 45.58% increase.
In the last quarter ending March 2022, revenue was up by 61% to $1.34B. Net income rose by 197.8% to $69.57M. The net profit margin was up by 84.75%.