Plus, a tornado devastated a FedEx facility in Michigan, Costco received Tesla Semis, and US-Mexico trade reached $200 billion in Q1.
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Tornadoes have swept through states like Michigan, damaging facilities like a FedEx depot in Portage. Plus, a major storm continues to unleash rain, snow, and wind across Montana.
Additionally, empty container exports plunged 41% year-over-year, while imports of empty containers rose 25% year-over-year.
In November 2023, the Port of Houston experienced a significant decline in container volumes, recording a 26.7% decrease compared to the previous month.
The port saw a 15% year-over-year decline in container volumes, with a 15% decrease in loaded imports and a 2% decrease in loaded exports. Additionally, empty container exports plunged 41% year-over-year, while imports of empty containers rose 25% year-over-year. The port also saw a 4% year-over-year increase in ship calls and a 7% increase in barges calling Port Houston.
Despite these changes, Port Houston is gearing up for expansion. They recently welcomed one of their largest vessels, the CMA CGM Lisa Marie, boasting a capacity of nearly 11,000 TEUs. The port is preparing to accommodate even larger vessels in the near future by expanding the Houston Ship Channel. They're also adding wharf and yard capacity to support the growth of the entire region.
Source: Supply Chain Dive
Explore a 20-year analysis of U.S. trade shifts with China and the rise of South and Southeast Asian countries as significant trading partners.
The FMC orders Hamburg Süd to pay OJ Commerce $9.8 million for refusing cargo space, breaching US Shipping Act's anti-retaliation provision.
With the port gradually reopening, this Baltimore trucking firm navigates ongoing disruptions while keeping drivers employed.
Inbound container imports to top two million twenty-foot equivalent units by May, a first since last fall.
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