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Top 25 Container Ports In The United States

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Top 25 Container Ports In The United States

Imagine a major highway with poorly timed traffic lights. Everything slows down, causing delays and frustration. Ports in the United States are like those highways, and excellent container cargo operations are like well-timed traffic lights. They keep everything moving smoothly and efficiently.

Read also: May 2024 U.S. Containerized Imports Break 2.3M TEUs

This is important beyond port terminals because they are major economic hubs, handling a massive amount of cargo coming in and out, feeding the country’s consumer goods and industrial needs. Efficient operations ensure a smooth flow of goods, which keeps businesses running and shelves stocked. Delays at ports can disrupt supply chains and lead to price hikes for consumers.

Efficient port operations are also important beyond U.S. borders as the nation competes with other countries for international trade. Ports with fast turnaround times make the U.S. a more attractive destination for shippers. This translates to more revenue and jobs in the U.S. economy.

When it comes to gauging the top U.S. ports in the container sector, we must look at total twenty-foot equivalent units (TEUs) handled. Based on the size of a standard 20-foot long shipping container, a TEU is the standard unit used to measure the capacity of vessels and terminals. One 20-foot container is equal to one TEU and large 40-foot containers are counted as two TEUs.

Do you know who uses TEUs to determine the busiest container ports in the U.S.? None other than the U.S. Department of Transportation, whose 2024 Port Performance Freight Statistics Program Annual Report to Congress includes a list of the Top 25 Container Ports ranked by TEU. That list follows with Global Trade’s own analysis of why each port made the cut.

1. PORT OF LOS ANGELES, CA 

The busiest container port in the U.S. processes a massive amount of containers, moving more than 9 million TEUs annually. The operation is divided among seven major container terminals, each equipped to handle the loading and unloading of container ships. The Cargo Operations Dashboard web portal provides real-time data on various aspects of cargo movement, such as truck activity at terminals and vessel locations. For moving containers inland, the port connects to a vast rail network with six intermodal rail yards, a key route being the Alameda Corridor, a 20-mile express railway that zips containers directly to rail hubs in downtown L.A.

2. PORT OF LONG BEACH, CA

L.A.’s sister container cargo powerhouse also handles millions of TEUs annually. Unlike some ports that directly manage cargo movement, Long Beach operates as a “landlord port,” with private terminal operators performing the day-to-day operations of loading and unloading container ships at various terminals. The port caters to a diverse range of containerized cargo, with terminals specializing in different goods. This allows them to handle a wider range of imports and exports efficiently. The POLB is at the forefront of adopting sustainable practices, having implemented zero-emission cargo handling equipment like electric yard tractors, reducing dependence on fossil fuels.

3. PORT OF NEW YORK AND NEW JERSEY, NY & NJ

The largest containerized cargo port on the East Coast boasts a vast operation spread across six terminals and public berths, equipped to handle the world’s biggest container vessels. Like other major ports, NY/NJ prioritizes efficient cargo movement. Third-party logistics providers (3PLs) play a crucial role, offering services like consolidation (combining smaller shipments into full containers) and deconsolidation (separating a full container into individual shipments) to streamline the import and export process. The Port Authority of New York and New Jersey participates in the World Port Sustainability Program, demonstrating a commitment to environmentally conscious practices alongside the cargo handling operations.

4. PORT OF SAVANNAH, GA

Savannah boasts the largest single-terminal container facility in North America, covering over 1,300 acres and equipped to move millions of tons of containerized cargo annually. The port is well-equipped with 42 container cranes (with a target of 42 by 2028) and more than150 rubber-tired gantry cranes to handle the loading and unloading of containers swiftly. Savannah offers direct access to major highways (I-95 and I-16) and on-terminal rail facilities ensure seamless cargo movement. As the most westerly port on the Atlantic seaboard, Savannah offers shorter transit times for cargo destined for major inland markets in the southeastern United States. 

5. PORT OF VIRGINIA, VA 

Another major force in containerized cargo handling on the East Coast, Virginia has seen significant growth in recent years, with a focus on expansion and efficiency. They recently completed a $750 million expansion project that increased cargo capacity by 46 percent. Thanks to its deepwater channels and ongoing dredging projects, the port can accommodate the largest container vessels currently operating. The port utilizes semi-automated container terminals with advanced cranes to expedite cargo handling. Norfolk International Terminals is the largest terminal and will boast more than 90 semi-automated cranes upon completion of its expansion. The port offers excellent multimodal connections.

6. PORT HOUSTON, TX

The port boasts two state-of-the-art container terminals: the Bayport Container Terminal and the Barbours Cut Container Terminal. These facilities are equipped to handle the modern giants of container shipping efficiently. Port Houston is investing $750 million over five years (through 2027) to upgrade the Bayport Container Terminal’s infrastructure and capabilities—a commitment to handling more containers and larger vessels in the future. Houston’s extensive highway network and role as a major trucking hub in the U.S. contribute to the efficient movement of containers inland after they are offloaded from ships. The port also offers on-site rail connections for seamless cargo movement.

 7. PORT OF CHARLESTON, SC 

Charleston has seen significant growth in recent years, becoming the fastest-growing container port in the U.S. Major investments are being made to handle the largest container vessels. The Charleston Harbor deepening project, completed in 2021, allows the port to accommodate all post-Panamax ships (the biggest ones!) 24/7, boosting its competitiveness. The port’s container operations are spread across several terminals, including the North Charleston Terminal, the Wando Welch Terminal and the recently opened Hugh Leatherman Terminal. The South Carolina Ports Authority offers various tools like GO!Port, a system for tracking and tracing container cargo, providing real-time data and enhancing supply-chain visibility. 

8. PORT OF OAKLAND, CA 

Oakland has seen steady growth in container traffic, with a particular surge in imports in recent years. Terminals are equipped to handle this increasing volume efficiently. The port has strategically invested in infrastructure to accommodate the giants of the sea. Oakland routinely receives calls from ships with capacity for 14,000 containers and can handle even larger vessels with the necessary adjustments. Oakland prioritizes swift cargo movement. They boast some of the highest ship-to-shore crane productivity rates on the West Coast, meaning they can load and unload containers quickly.

9. PORT OF TACOMA, WA 

Among the largest deepwater ports in America, Tacoma is situated on Commencement Bay in Puget Sound, making it geographically well-positioned. The port serves as a vital gateway for cargo moving between Asia and the eastern U.S., with more than 70% of its international cargo directed toward these regions. Additionally, Tacoma handles around 80% of the marine cargo between Alaska and the Lower 48 States. Various sustainability programs are in place to reduce emissions from port operations and promote environmentally responsible cargo handling practices.

10. PORT OF SEATTLE, WA

The Port of Tacoma and Port of Seattle are managed by the Northwest Seaport Alliance, a collaboration that strengthens their overall container handling capabilities. The Port of Seattle handles millions of TEUs annually across several terminals. Efficiency is a priority there, with trucks and on-site rail connections ensuring swift movement inland. Sustainability efforts are also in place to balance economic activity with environmental responsibility.

11. PORT OF JACKSONVILLE, FL

JAXPORT, as the port’s authority and the port itself are known, ranks first among Florida’s ports for containers. The Dames Point Terminal efficiently handles millions of TEUs with connections to major highways and on-dock rail for seamless cargo movement throughout the U.S. Southeast.

12. PORTMIAMI, FL 

Known mostly for cruise ships, PortMiami handles containers, too. Cargo moves efficiently through its container terminal with connections to highways and rail for regional distribution.

13. PORT OF SAN JUAN, PR

Puerto Rico’s main port prioritizes container cargo. Three major shipping lines call there, utilizing a “carousel” crane system to efficiently load and unload containers destined for or arriving from the U.S. mainland. 

14. HONOLULU HARBOR, HI

The O’ahu facilities not only handle container cargo, they recently expanded their container terminal capacity by 40% to handle increasing volumes and improve efficiency for island trade.

15. PORT OF BALTIMORE, MD

Baltimore boasts the No. 1 container terminal on the East Coast (Seagirt Marine Terminal) with super-post-Panamax cranes and swift container handling. They handle millions of TEUs annually.

16. PORT EVERGLADES, FL

The port has a reputation for efficiently moving millions of TEUs with quick ship turnaround and connections to highways and rail.

17. PORT OF PHILADELPHIA, PA

PhilaPort’s Packer Avenue Marine Terminal is the main hub for container cargo, with rail and highway connections for efficient inland transport.

18. PORT OF MOBILE, AL

Mobile boasts fast ship turnaround with 35 container lifts per hour and 45-minute truck wait times.

19. PORT OF ALASKA, AK

Alaska’s main cargo handler in Anchorage sees twice-weekly container ships delivering essential goods for most of the state.

20. PORT OF NEW ORLEANS, LA

New Orleans’ Napoleon Avenue Terminal handles more than 600,000 TEUs annually with cranes for mega-ships up to 10,000 TEUs.

21. PORT OF WILMINGTON, NC

The North Carolina port efficiently handles containers with seven cranes, including neo-Panamax models for large ships, offering easy access to highways for distribution.

22. PORT OF WILMINGTON, DE

The Delaware port boasts a 500,000 TEU annual capacity with four gantry cranes and efficient rail connections for onward transport.

23. PORT OF PALM BEACH DISTRICT, FL

Florida’s fourth busiest container port handles more than 290,000 TEUs with 24/7 on-dock rail for smooth container movement.

24. SOUTH JERSEY PORT CORPORATION, NJ

The operator of marine shipping terminals in seven New Jersey counties focuses mostly on breakbulk and bulk cargo, but it does have cranes for containers.

25. PORT OF BOSTON, MA

Boston’s Paul W. Conley Terminal specializes in container cargo, with gantry cranes and automated stacking cranes for efficient loading and unloading.

 

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United States Sees Transport Container Imports Drop to $999M in 2023

U.S. Transport Container Imports

After two years of growth, supplies from abroad of transport containers decreased by -8.6% to 598K units in 2023. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 188%. Imports peaked at 655K units in 2022, and then fell in the following year.

Read also: U.S. Container Imports Surge in June 2024 Amid Port Labor Stalls

In value terms, transport container imports fell notably to $999M (IndexBox estimates) in 2023. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Imports peaked at $1.5B in 2022, and then contracted significantly in the following year.

Imports by Country

In 2023, China (314K units) constituted the largest supplier of transport container to the United States, with a 52% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, Germany (34K units), ninefold. the Netherlands (20K units) ranked third in terms of total imports with a 3.3% share.

From 2020 to 2023, the average annual growth rate of volume from China amounted to +60.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+67.9% per year) and the Netherlands (+2.0% per year).

In value terms, China ($707M) constituted the largest supplier of transport containers to the United States, comprising 71% of total imports. The second position in the ranking was held by the Netherlands ($65M), with a 6.5% share of total imports. It was followed by Germany, with a 3.9% share.

From 2020 to 2023, the average annual rate of growth in terms of value from China amounted to +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.0% per year) and Germany (+21.7% per year).

Import Prices by Country

In 2023, the transport container price stood at $1,670 per unit (CIF, US), waning by -25.6% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2022 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $2,689 per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($3,258 per unit), while the price for Japan ($236 per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

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U.S. Container Imports Surge in June 2024 Amid Port Labor Stalls

June 2024 U.S. container import volume declined 2.1% from May but increased 10.4% compared to the same month last year. Compared to May 2024, imports from China remained flat in June 2024 but boasted 13.8% growth over June 2023. Port transit delays at most West Coast Ports improved while East and Gulf Coast ports experienced marginal increases. July’s update of logistics metrics monitored by Descartes reinforces the strength of imports since the beginning of 2024. Despite strong U.S. container imports, the risk of global supply chain disruptions remains high as the Middle East conflict and news of stalled labor negotiations at U.S. South Atlantic and Gulf Coast ports threaten the stability of global trade.

Read also: Rising US Imports Drive Increased Activity in the US Container Trading Market

In this Article…

  1. June 2024 U.S. imports grew 10.4% year-over-year.
  2. West Coast ports import share advances versus East and Gulf Coast ports.
  3. Port transit times for West Coast ports decrease overall, while East and Gulf ports experience increased delays.
  4. Panama Canal capacity continues to improve.
  5. Israel-Hamas war continues to threaten trade through the Middle East.
  6. Imports at Gulf Coast ports decreased in volume.
  7. The Port of Baltimore reopens.
  8. The potential for labor disruptions at South Atlantic and Gulf Coast ports later this year increased as contract talks stalled. 
  9. Managing supply chain risk: what to watch in 2024.
  10. Consider recommendations to help minimize global shipping challenges.   

Despite a marginal month-over-month decline, import volumes remain considerably higher compared to June 2023

June 2024 U.S. container import volumes declined from May 2024, decreasing 2.1% to 2,297,979 twenty-foot equivalent units (TEUs). Versus June 2023, TEU import volume was up 10.4%, continuing to demonstrate exceptional year-over-year performance (see Figure 1). 

Figure 1: U.S. Container Import Volume Year-over-Year Comparison

global trade import
Source: Descartes Datamyne™

Although month-over-month import volume declined, this was the second smallest May-to-June decrease in the previous six years, ignoring import volume performance during the 2020 pandemic (see Figure 2).

Figure 2: May to June U.S. Container Import Volume Comparison

global trade import
Source: Descartes Datamyne™

For the top 10 U.S. ports, container import volume in June 2024 decreased 59,625 TEUs (-2.9%) versus May 2024 (see Figure 3). The ports of Los Angeles (up 33,253 TEUs) and Charleston (up 14,552 TEUs) experienced the greatest container volume increases from May. The ports of New York/New Jersey (down 59,933 TEUs) and Norfolk (down 28,738 TEUs) posted the largest volume declines.

Figure 3: May 2024 to June 2024 Comparison of Import Volumes at Top 10 U.S. Ports

global trade import
Source: Descartes Datamyne™

Although Chinese import volumes into the U.S. remained high in June at 891,456 TEUs, they were mostly flat month-over-month (up 0.1% from May) while recording impressive performance over June 2023 (up 13.8%). Compared to the August 2022 high of 1,003,725 TEUs, June 2024 Chinese imports are down 11.2%, continuing to narrow the gap between the benchmark year (see Figure 4). The top two commodity codes (HS-2s) continued to be consumer-oriented goods such as HS-94 (Furniture, Bedding, etc.) and HS-39 (Plastics and Articles Thereof). China represented 38.8% of the total U.S. container imports in June, an increase of 0.8% from May but still down 2.7% from the high of 41.5% in February 2022.

Figure 4: June 2023 – June 2024 Comparison of U.S. Total and Chinese TEU Container Volume

global trade import
Source: Descartes Datamyne™

For the top 10 countries of origin (CoO), U.S. container import volume in June 2024 declined 5,182 TEUs, a -0.3% decrease from May (see Figure 5). South Korea and Taiwan experienced the most growth, increasing 4,672 TEUs and 3,952 TEUs, respectively. Imports from Germany (down 8,845 TEUs) and Vietnam (down 3,298 TEUs) experienced the greatest volume decreases.

Figure 5: May 2024 to June 2024 Comparison of U.S. Import Volumes from Top 10 Countries of Origin

global trade import
Source: Descartes Datamyne™

West Coast ports recapture share versus East and Gulf Coast ports.

In June 2024, container import volume share at West Coast ports grew from May as East and Gulf Coast ports receded. Comparing the top five West Coast ports to the top five East and Gulf Coast ports in June 2024 to May 2024 shows that total container import volume at the top East and Gulf Coast ports decreased to 41.4% (down 0.7%) of total container import volume, and the top West Coast ports increased to 44.6% (up 2.5%). Compared to smaller ports, share at the top 10 ports in June 2024 fell slightly to 86.1% (down 0.6%) (see Figure 6).

Figure 6: Volume Analysis for Top Ports, West Coast Ports and East and Gulf Coast Ports

Source: Descartes Datamyne™

Port transit time delays improved among most West Coast ports while East Coast delays extended.

Apart from Tacoma, West Coast port transit delays improved in June 2024. The Port of Long Beach saw the greatest improvement, reducing delays by 2.5 days. East Coast port delays worsened, and Savannah reported the largest increase, adding 1 day to the port’s average delay (see Figure 7).

Figure 7: Monthly Average Transit Delays (in days) for the Top 10 Ports (Apr. 2024 – Jun. 2024)

Source: Descartes Datamyne™

Note: Descartes’ definition of port transit delay is the difference as measured in days between the Estimated Arrival Date, which is initially declared on the bill of lading, and the date when Descartes receives the CBP-processed bill of lading.

Panama Canal continues to improve daily transits.

In June, the Panama Canal Authority announced that starting July 11, daily transits would increase from 32 to 33, and will again increase on July 22 to 34 daily transits. An additional transit slot has been scheduled to open August 5 which would bring total transits to 35just 1 shy of the canal’s normal operating capacity of 36 daily transits.

Israel-Hamas war continues to threaten trade through the Middle East.

The attacks and ongoing threats on shipping in the Red Sea by the Houthi from Yemen continue to force shippers to divert cargo that would traditionally move through the Suez Canal to longer and more expensive shipping lanes. Shipping concerns will likely increase if the Middle East is further destabilized.

Weaker Gulf Coast import performance.

At 216,902 TEUs, import volumes at the Gulf Coast ports fell in June compared to May (down 8.7%) (see Figure 8). Gulf Coast ports’ transit times were unchanged in June 2024.

Figure 8: July 2023 to June 2024 U.S. Gulf Coast Container Imports

Source: Descartes Datamyne™

Port of Baltimore reopens.

Seventy-eight days following the collapse of the Francis Scott Key Bridge, the Port of Baltimore reopened on June 10. The 700ft (213m) wide and 50ft (15m) deep channel has been fully restored and was deemed “safe for transit” by the US Army Corps of Engineers. June import volumes at the port reached 3,753 TEUs, a far cry from the 45,435 TEUs recorded in June 2023, but it is too soon to tell if, and when, import volumes will recover to levels preceding the incident.

International Longshoremen’s Association (ILA) suspends talks with the United States Maritime Alliance (USMX) 

On June 10, the ILA announced it had suspended negotiations with the USMX which were scheduled to take place June 11. The potential severity of trade disruption stemming from the expiration of the ILA and USMX agreement is currently unknown. The agreement is scheduled to expire at the end of September 2024 and, if no resolution is reached, labor action could disrupt operations at these ports. ILA leadership has communicated that they do not intend to extend the current agreement and have advised members to brace for the possibility of a coast-wide strike in October 2024. 

Managing supply chain risk: what to watch in 2024.

U.S. container import volume decreased in June 2024 but maintained a strong position when compared to 2023 and pre-pandemic 2019 statistics for the same period. The economy continues to exceed expectations; however, conflict in the Middle East, pending ILA contract negotiations, and recovering trade flows at the Port of Baltimore, point to potential trade disruptions. Here’s what Descartes will be watching in 2024 to see if global supply chain performance will continue to improve:

  • Monthly TEU volumes between 2.4M and 2.6M. This level will continue to stress ports and inland logistics until infrastructure improvements are made. June U.S. container import volumes remained manageable, falling shy of 2.3M TEUs. 
  • Port transit wait times. If they decrease, it’s an indication of improved global supply chain efficiencies or that the demand for goods and logistics services is declining. June transit delays decreased at most West Coast ports while East and Gulf Coast ports saw increased delays. 
  • Continuing impact of the pandemic. The spread of COVID subvariants continues to add uncertainty to the trajectory of the pandemic and impact supply chains in unpredictable ways as different countries are affected at different times and for different durations. The impact on supply chains and logistics resources has yet to be observed but developments need to be closely monitored throughout the year.   
  • The economy. The U.S. is an import-driven economy, so economic health is an important indicator of container import volumes. As of June 3, the Federal Reserve borrowing rate remained at 5.3% to slow inflation which reduced 0.1% from May’s reported 3.3%. Job growth remains strong, and the unemployment rate has remained favorably low. 
  • Panama Canal-based trade flow. Infrastructural upgrades show promise for near normal daily transit slots as it is scheduled to reach 34 daily transit slots in July and 35 in August—slightly below the canal’s normal operating capacity of 36. 
  • Middle East conflict. Attacks on shipping in the Red Sea by Houthis from Yemen are continuing to influence carriers to forego the Suez Canal, extending transit times, and negatively impacting global shipping capacity. The impact of diversions away from the conflict is still minimal on volumes or transit delays for the East and Gulf Coast ports.  
  • ILA/USMX contract negotiation. A potential strike on the South Atlantic and Gulf Coasts could disrupt U.S. container imports later in 2024. Given the current Panama Canal situation, shifting volume to West Coast ports could be extremely challenging or significantly extend transit times. The ILA cancelled planned June negotiations.

Consider recommendations to help minimize global shipping challenges.   

June 2024 U.S. container import volumes were down slightly compared to May 2024. West Coast port transit delays show overall improvement in June compared to May while East and Gulf Coast ports fall behind. Concerns surrounding the Panama Canal begin to ease as daily transits are scheduled to reach just shy of normal transit capacity by August. Ongoing conflict in the Middle East is creating pressure on global supply chains that could cause disruptions throughout 2024, and negotiations between the ILA and USMX could fuel disruption at the South Atlantic and Gulf Coast ports later in the year. Descartes will continue to highlight key Descartes Datamyne, U.S. government and industry data in the coming months to provide insight into global shipping.  

Short-term: 

  • Evaluate the potential impact of an ILA strike in October 2024 on South Atlantic and Gulf Coast ports to determine alternate ports or trade lanes. 
  • Monitor East Coast port volumes to assess the recovery of the Port of Baltimore. 
  • Track the progress of the Panama Canal Authority’s execution of planned daily transit increases. 
  • Track the Middle East conflict as carriers divert shipping around Africa and impacting shipping capacity and timeliness. 
  • Track the spread of COVID variants to determine when they will hit critical parts of the supply chain, especially in China. 
  • Track ocean shipments and carrier performance as there is still a considerable gap between original ETAs and actual ones.   
  • Evaluate the impact of inflation and the Russia/Ukraine and Israel/Hamas conflicts on logistics costs and capacity constraints. Ensure that key trading partners are not on sanctions lists.  

Near-term:  

  • For companies importing from Asia, reevaluate trade that was moved away from West Coast ports. 
  • For companies that have cargo moving through the Suez Canal, evaluate the impact of extended rerouting. 

Long-term:  

  • Evaluate supplier and factory location density to mitigate reliance on over-taxed trade lanes and regions of the globe that have the potential for conflict. Density creates economy of scale but also risk, and the pandemic and subsequent logistics capacity crisis highlights the downside. Conflicts do not happen “overnight” so now is the time to address this potentially business disrupting issue.  

Note: This report uses the initial compiled release of U.S. Customs and Border Protection (CBP) data and is subject to revision later by CBP. The revised data can be seen in Descartes Datamyne.

 

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NEMA Calls for Balanced Approach in USTR’s Proposed Section 301 Tariff Changes to Protect Electrical Manufacturing Competitiveness

The National Electrical Manufacturers Association (NEMA) has responded to the U.S. Trade Representative’s (USTR) request for comments on the proposed modifications and exclusion process of Section 301 tariffs. NEMA supports the Administration’s goals of addressing concerning policies and practices from China but emphasizes the need for a balanced approach to safeguard the competitiveness of the domestic electrical manufacturing industry.

Read also: Top Import Markets for Electrical Transformers

As pioneers in the transition to an all-electric future, NEMA members have invested over $12 billion since 2021 to boost U.S. production of clean energy-focused electrical goods. This investment has contributed to a 6.7 percent reduction in U.S. imports of electroindustry goods from China between 2018 and 2023, with China’s share of U.S. electroindustry imports declining from 28.2 percent in 2018 to 17.9 percent in 2023.

NEMA highlights the complexity of global supply chains within the electrical manufacturing sector and cautions against a uniform tariff policy that could hinder manufacturers’ competitiveness. The proposed increase in Section 301 tariffs on $20.5 billion worth of imported goods from China would disproportionately affect the electroindustry, as these goods represent 71.3 percent of the higher tariffs. Additionally, the withdrawal of tariff exclusions on 26 electrical products would impose an extra $1.6 billion in duties annually on the industry.

While NEMA supports the new product-specific exclusion process, it urges the USTR to broaden its focus to include electrical goods. This consideration is crucial for supporting the production of clean energy and advanced technology goods in the U.S.

“Electrical manufacturers are working hard to strengthen U.S. manufacturing of critical clean energy goods by reshoring, new-shoring, near-shoring, and friend-shoring critical supply chains,” said NEMA President and CEO Debra Phillips. “We share the Administration’s goal to enforce compliance on international trade, and we encourage USTR and the Administration to review our recommendations and consider the impacts of Section 301 tariffs on competitiveness and the energy transition, particularly as they relate to products that cannot be sourced elsewhere.”

NEMA’s recommendations to USTR include expanding the tariff exclusion process to cover electrical goods, establishing an appeal and rectification process for non-extended tariff exclusions, publishing a consolidated list of Section 301 tariff lines, and initiating an independent investigation of the economy-wide impacts of the Section 301 tariff regime. Additionally, NEMA calls on the President and Congress to provide incentives for investment in the production of stationary lithium-ion batteries in the U.S. and to base Section 301 tariff rate increases on empirical data and market realities.

NEMA’s full comments can be found here.

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P.A.N. Launches Gourmet Frozen Tequeños to Meet Rising Demand in the U.S. Market

The frozen food market is expanding rapidly as American consumers increasingly seek convenient and flavorful meal options amidst their busy lifestyles. P.A.N., renowned for its high-quality pre-cooked cornmeal products, is introducing a new line of frozen tequeños tailored to the American palate.

Read also: REVEALED: How Disruption in Supply Chain Affects the Food & Beverage Industry

Driven by the need for quick yet satisfying meal solutions, the demand for frozen foods has surged in the U.S. market. According to Statista, revenues from frozen food manufacturing in the U.S. are projected to reach USD 36.6 billion this year, reflecting a significant cultural shift towards convenient, tasty meal choices.

In response to this trend, P.A.N. is introducing the P.A.N. Snack On line, featuring gourmet tequeños designed for easy enjoyment in minutes. These authentic appetizers are perfect for any occasion, whether it’s a family gathering or a casual get-together with friends.

The new tequeño offerings from P.A.N. include innovative flavors alongside the classic melted cheese filling that appeals to a wide range of tastes. Highlights of the lineup include the pizza-flavored tequeño, blending traditional tequeño with savory mozzarella, tomato, and oregano for a delightful burst of flavors. Additionally, the upcoming chocolate tequeño promises a sweet treat with crispy dough and a luscious melted chocolate filling, ideal for satisfying dessert cravings.

Available at Walmart supermarket chains nationwide, P.A.N.’s frozen tequeños offer a delicious and convenient option that’s sure to please American consumers looking for quick, delicious meal solutions.

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Rising US Imports Drive Increased Activity in the US Container Trading Market

A recent survey conducted by Container xChange, on its platform, revealed that the container (shipping) traders and leasing companies in the US are witnessing fierce competition and holding up of inventories due to price pressures. However, they do not experience significant hurdles liquidating their inventory. This comes as a positive sign for the container logistics market in the US despite the broader global uncertainties and challenges.

Read also: May 2024 U.S. Containerized Imports Break 2.3M TEUs

The customers also reported increased container movement on the platform in the past six months as compared to last two years. 

“E-Containers has undergone a transformative journey with Container xChange, establishing approximately 50 new partnerships, executing around 90 trading deals, and transacting 25% of its monthly business volume through the platform.” shared Andres Valencia, CEO of E-containers, a Miami-based container trading company. The company attributes this remarkable progress to Container xChange’s liquidity capabilities.

“We went from 50 to over 500 leased containers in just three months,” says Arnaud Maendly, partner and co-founder of MG-Atlantic Sarl, a dynamic player in the container trading market, primarily catering to freight forwarders and traders in Latin America and the Middle East. 

The latest U.S. trade data, published earlier this month, indicated a notable increase in imports in the US, particularly in automotive vehicles, capital goods, and industrial supplies.  According to Descartes, May 2024 U.S. container import volume continued its robust 2024 growth, increasing 6.2% from April and 11.9% when compared to the same month last year. This surge in imports highlights strong demand for container shipping services to handle the increased volume of goods entering the United States. The rise in exports, though more modest, also points to steady demand for outbound shipping services. Despite the overall increase in the trade deficit, the growth in both imports and exports suggests that the container shipping market remains robust, with opportunities for shipping companies to capitalize on the heightened activity in international trade. However, the widening goods deficit and ongoing trade imbalances may signal potential challenges in managing logistics and supply chain efficiency, emphasizing the need for agile and adaptable container shipping solutions.

The majority of respondents described the US container market as ‘fiercely competitive.’ In such a market, having command over data and visibility is crucial for operational sustenance and for business growth. “It’s essential to have a good grip on container prices and leasing rates to know the best times to liquidate inventory or hold off. Understanding the container market in China and Asia is another critical factor for the container traders in the US.,” inferred Christian Roeloffs, co-founder and CEO of Container xChange, the online marketplace for container trading and leasing.

“Our customers in the US benefit from real-time container price data, enabling them to make informed decisions. Many of our customers, especially in Houston, are growing their businesses through deals made on our platform with trusted partners, saving hours of mundane workload. Smart decision-making is key,” added Roeloffs.

Explaining the impact that technology has made to their business, Nicholas Barrera, Inside Sales at E-Containers explains, “Behind the screen are CEOs, founders, top managers, and shareholders, elevating communication and partnership formation to a whole new level. E-Containers values Container xChange for providing unique access to top-tier executives and decision-makers within partner companies”. The marketplace facilitates clear and efficient communication, optimizing business negotiations and collaboration. 

The US container trading market has had to navigate challenges such as trade tensions, particularly between the US and China, leading to shifts in trade routes and adjustments in supply chain strategies. These tensions have impacted container flows, but the market has benefited from well-developed port infrastructure and increasing digital adoption. Platforms like Container xChange facilitate smoother transactions and greater market transparency, helping traders connect with reliable partners and manage their inventory efficiently.

“While the market shows positive signs, operational challenges such as port congestion, labor shortages, and logistical bottlenecks continue to pose risks. These issues can cause delays and increase costs for traders,” cautioned Roeloffs.

 

global trade trading logistics values

Circle Logistics Expands Cross-Border Freight Services Between U.S. and Mexico

Circle Logistics (Circle), a prominent logistics and transportation company, has officially launched its enhanced cross-border freight services between the United States and Mexico. This service includes expedited and air shipments, reflecting Circle’s growing commitment to the Mexico and Latin America markets. The company has seen significant year-over-year growth and plans to maintain a strong presence in Mexico throughout 2024 and beyond.

Read also: Circle Logistics and Transport Pro Connection Delivers More On-Time Loads for Shippers

“Many large U.S.-based companies have relocated their operations to Mexico, making it essential to establish priority dedicated lanes, efficient processes, and trusted relationships for cross-border transportation,” said Derek Holst, Senior Vice President of Circle Logistics. “Our experience over the past few years has shown the benefits of nearshoring, including reduced costs, emissions, risks, and supply chain disruptions.”

Ensuring the safety of cross-border drivers is a top priority for Circle, especially given the more than 50% increase in cargo theft from 2022 to 2023. Circle’s comprehensive service includes a 24/7 operations team that supports shippers and carriers, even on holidays, to maintain positive relationships and ensure timely and intact deliveries. The company also utilizes advanced tracking solutions to continuously monitor loads and ensure the safe transport of goods.

Circle, a privately owned asset-based 3PL, expanded its operations into Panama about three years ago and now employs 100 Spanish-speaking team members who are dedicated to nurturing relationships from sales to operations.

Circle’s cross-border services are aiding manufacturers in moving their goods closer to customers for faster shipping times. With the successes seen from nearshoring, the Circle team anticipates continued growth, especially with high-quality goods being shipped from Mexico back to the U.S.

Circle Logistics’ impressive expansion has resulted in moving twice the volume to Mexico in 2024 compared to 2023, and the company anticipates a 100% increase over the next decade.

**Circle Logistics Enhances U.S.-Mexico Freight Services Amid Growing Demand**

To learn more about Circle Logistics’ cross-border solutions, visit www.circledelivers.com.

global trade fund Giddings, Texas, wants to diversify its shipments of export cargo and import cargo in international trade.

Texas Agriculture Commissioner Urges Producers to Apply for STAR Fund Disaster Assistance

Texas Agriculture Commissioner Sid Miller and the Texas Department of Agriculture (TDA) are calling on agricultural producers impacted by recent severe weather disasters to apply for the State of Texas Agriculture Relief (STAR) Fund Disaster Assistance Program. This vital program provides financial support for clean-up and rebuilding efforts, offering crucial assistance to those affected by natural disasters. Eligible applicants can receive up to 80% cost-share for disaster recovery expenses.

Read also: Biden-Harris Administration Awards $38.9M in Infrastructure Grants to Texas, Boosting State Projects

“Texans are no strangers to extreme weather,” Commissioner Miller said. “Farmers and ranchers across the state are trying to rebuild fences, clean up their properties, and pick up the pieces from Mother Nature’s latest curve ball. That’s where the STAR Fund comes into play and why it was created—to help support folks during challenging times and to help them get back on their feet. TDA is committed to providing whatever help we can. I hope producers who need a little help will apply for assistance. That’s what this money is for.”

The STAR Fund currently has more than $1.2 million available, fully funded by private donations. The STAR Fund provides resources to applicants in counties declared disaster areas by the Texas Governor. Assistance is available for multiple disasters, including the 2024 Panhandle wildfires and the severe storms that occurred in April and May 2024. Producers affected by these events are strongly encouraged to apply.

As disasters increase in scale, support for agricultural producers has become even more crucial. The Smokehouse Creek Fire, for example, became the largest recorded fire in Texas history in 2024. The STAR Fund recognizes the harsh realities Texans face, and TDA is dedicated to ensuring that producers receive the support they need and deserve.

“Folks, I urge you to apply for these funds because every single Texan across our state depends on our agriculture producers to provide the food and fiber to keep us alive and keep our economy strong. Every single dollar in the STAR Fund was donated by a private person or business—none of the funding is from taxpayer dollars. This money was donated by good, hardworking people who just want to help their fellow Texans get their operations back up and running,” Miller added.

 

global trade wind farms

Critical Vessel Shortage Delays Offshore Wind Farms 

The development of a robust, offshore wind energy sector has been a long-standing Biden Administration objective. Yet, a vessel named after a mythical sea creature is frustrating construction efforts. The Charybdis vessel is slated to be the key to providing manufacturers with the parts they need at sea to construct massive, ocean-based windmills. A critical challenge in building offshore wind energy farms is the transportation of extremely large turbine parts from ports into the sea. The Charybdis was slated to be operational but construction on the vessel is running both over budget and behind schedule.

Read also: U.S. States Producing the Most Wind Energy

Ørsted is the largest energy company in Denmark and develops and operates a host of renewable energy projects. Few companies have felt the Charybdis delay snafu more than Ørsted after having chartered Charybdis for two wind farms off the coast of New York that required alternative, and costly, plans for both. Two other projects off the coast of New Jersey were also delayed. The demand for offshore wind farms continues to grow but vessels remain scant.

The Biden Administration is projecting 10 million-plus US homes powered by wind turbines by 2030. To accomplish this, four to six 472-foot-long vessels like the Charybdis are required. While most wind farms depend on smaller vessels to transport construction workers, service the turbines, and lay underwater cables, the 472-foot-long vessels are novel and something US shipyards are just now tackling amidst a steep learning curve. One of the biggest obstacles remains the need for shipyard welders. Shipyards are understaffed for crucial work requiring the welding and pounding of foundation material into the seabed. China not included, there are an estimated 34 turbine-installation vessels operationally worldwide. The current shortage equates to exorbitant rental costs – upwards of $350,000 a day – that shipowners can command for wind farm and similar offshore projects.

Inflation and lingering pandemic effects have also contributed to laggard construction. Low pay and high turnover had been the norm in the welding community but combine that with the former and the Charybdis is now running a year behind schedule. Lastly, construction stateside takes much longer than in Europe or Asia due to the Jones Act. This nearly 100-year-old law was targeted at protecting (in the event of war) the US commercial shipping and the larger maritime industry. As a result, for offshore wind farms in US waters, only US-made and operated vessels can transport the turbine components to the wind farm sites from the port.

pingpong global trade

PingPong Launches Embedded Lending Solution to Boost US Enterprise Growth

PingPong, a leading global cross-border payments platform, has introduced its embedded lending solution, designed to facilitate the global expansion of US enterprises. Partnering with Kanmon, an embedded lending provider, PingPong aims to offer fast and seamless access to financing, enhancing its suite of value-added services.

Read also: AI Lending: The Future of Finance

Kenny Tsang, Managing Director of PingPong, emphasized the significance of this development: “We are proud to partner with Kanmon to develop our embedded lending offering and empower US customers to scale their businesses – when and where they need it most. This marks an important milestone for our value-added service offerings.”

This innovative solution enables PingPong’s US customers to access fixed-term loans or accounts payable financing directly through the PingPong platform. Businesses can quickly apply for loans up to $250,000, with approvals completed in five minutes and funds deposited within 48 hours.

Kanmon CEO Mengxi Lu highlighted the partnership’s seamless integration, stating, “Our integrated solution allows us to quickly develop tailored services for partners like PingPong, helping businesses stay competitive and grow in challenging economic environments.”

PingPong’s financing solutions are particularly beneficial for inventory-heavy businesses preparing for major sales events such as Amazon Prime Day, Black Friday, and the holiday sales period. By preserving working capital and extending payment terms, businesses can better manage demand and sustain growth.

Eligible US-based businesses that have been in operation for over 12 months can apply for financing on PingPong’s website. The process includes a soft credit check, ensuring it does not impact the applicants’ credit scores.

PingPong plans to expand its partner program and integrate more third-party service providers, further enhancing its value-added services for US customers. As US CEOs express confidence in economic growth, PingPong’s financing solution positions businesses to capitalize on new opportunities and maintain a competitive edge.

Eligible businesses can visit the PingPong website to apply for financing to grow their business. https://international.pingpongx.com/smb/financing

The financing is available to merchants across a wide range of industries, including home and kitchen, beauty and personal care, clothing, shoes and jewelry, toys and games, health, household and baby care, sports and outdoors, electronics, office products, and more.

To be eligible for financing, customers must meet the following criteria:

  • Be based in the United States.

  • Have been in operation for over 12 months.

A soft credit check will be conducted during the application process, but it will not affect the customers’ credit scores.