U.S. container import volumes have finally started to fall off the proverbial cliff that some in the industry have been predicting for months.
Data analytics company Descartes came out with a report Tuesday showing that total containerized imports into the U.S. fell by a precipitous 11% in September, to 2,215,731 TEUs, as a slowing economy, retailers reducing purchases, inflation and high fuel costs finally started to catch up to import throughput numbers at U.S. ports. Compared to August, September import volumes were down 12.4%.
For comparison, August’s import volume fell just 1.8% year over year and remained about the 2.5 million TEU mark.
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Reference: Mike Schuler, "VU.S. Import Volume Heads South in September, But Still Above Pre-Pandemic Levels", gCaptain, Oct 11, 2022