🎣 Winners & Losers of 2024
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
In 2023, 46.67 million twenty-foot equivalent units of cargo passed through the top 12 U.S. seaports, normalizing to pre-pandemic levels.
In 2022, 40% of the US's international freight value passed through the top 12 maritime ports, per the DOT. Above is a closer look at the performance of these ports over the past six years.
Quick Stats:
Congestion and Delays: 2021 and 2022 will be remembered for their logistical logjams. Ports were scenes straight out of a strategist’s puzzle, with containers stacked like giant Lego blocks.
Looking Ahead:
With 2023's figures just above the 2019 record, we're all eyes on 2024. Will it be smooth sailing or are we bracing for more bottlenecks? Port volumes offer a real-time pulse on these shifts.
Industry pros say, keep an eye on this space—port data doesn’t just reflect now; it helps forecast tomorrow. Maritime gateways mirror our economy, telling tales of demand, supply, and the ever-pivotal consumer appetite.
Source: Supply Chain Dive
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