We sat down with Jonathan Kolb, Founder of OBC ONE, to explore the high-stakes, hand-delivered world of onboard couriers where packages fly 8,000 miles and delays can cost millions. Plus: our featured carrier of the week.
Cargo volumes at Port Houston saw a significant 20% year-over-year decline in August, hitting 307,624 TEUs, marking the highest drop of the year. Last year's August recorded a record-breaking 382,842 TEUs.
Despite the decrease, the port remains stable, with ongoing investments in infrastructure. Port Houston's chairman, Ric Campo, emphasized the commitment to both waterside and landside improvements. July had been the busiest month in 2023, handling 344,163 TEUs, while May marked the lowest point at 300,482 TEUs.
Container Volumes Across the U.S.
Port of Los Angeles Thrives:
Enjoyed a 2.8% YoY increase.
Renewed shipper confidence and a new labor deal fueled growth.
"No better choice for cargo," says Executive Director Gene Seroka.
Investing in infrastructure for long-term competitiveness.
Port of Oakland's Economic Impact:
Economic value soared by 24% to $174 billion.
Generates 98,345 local jobs.
Container volumes dipped 15.1% YoY in August.
Industrial Vacancy Rates Rise
CBRE's 2Q 2023 Port Watch report reveals a 3.5% rise in seaport market vacancies and a 4.6% increase in inland port markets. However, seaports like Charleston, Los Angeles, Oakland, and Portland maintain low vacancy rates. Inland port markets saw the highest net absorption at 60.4 million SF, followed by non-port markets at 59.6 million SF and seaport markets at 24.3 million SF. North American port container volumes decreased by 18.6% YoY, but Manzanilla, Mexico, and Lazaro Cardenas experienced growth due to nearshoring.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
The Port of Los Angeles saw a 30% drop in inbound shipments in early May following new Trump-era tariffs. Port leaders warn trade uncertainty is disrupting U.S. cargo flows.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).