U.S. Containerized Volume Dropped in Q2, The Journal of Commerce Top 40 Import/Export Carrier Rankings Released
NEWARK, N.J., Sept. 13, 2011 /PRNewswire/ -- U.S. containerized volume slowed in the second quarter after a strong first quarter increase of 8.9 percent year-over-year. Combined import and export volume in June slid 7 percent from May, reported The Journal of Commerce. Mediterranean Shipping Co. held at No. 1, exports, and No. 2, imports, on the JOC's Top 40 Import and Export Carrier ranking, with growth outpacing the other major carriers, at 27 percent and 20 percent, respectively.
Year-over-year overall volume increases -- imports up 6.2 percent, exports, 8.3 percent, and total trade, 7.1 percent -- mask the deceleration, which kept U.S. containerized trade marginally below the pre-recession 2008 levels.
Based on data provided by PIERS, a sister company to the JOC, the Top 40 listings reflect approximately 98 percent of all trade by volume entering and exiting the United States. In exports, MSC, Maersk Line, Hapag-Lloyd, APL and Evergreen commanded 41.3 percent of the market, with combined volume surging 10 percent to 2.6 million TEUs. Top 5 importers Maersk, MSC, APL, Evergreen and Hanjin Shipping posted a more moderate 2.3 percent growth to 3.3 million TEUs, at 39.5 percent market share.
The JOC Container Shipping Quarterly Special Report examines the strategies top carriers are employing to manage their market during peak shipping season and beyond, highlighting the changes in charter rates and practices and efforts to maximize per-container profitability.
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To become a member of The Journal of Commerce click here. JOC members have access to our weekly print and digital magazine and Web site, as well as a 10 percent discount on all JOC events and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Trans-Pacific and Trans-Atlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.
About UBM Global Trade -- UBM Global Trade is the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, Breakbulk, RailResource, PIERS and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of UBM LLC, is headquartered in Newark, NJ, with offices throughout the United States. For more information, explore www.ubmglobaltrade.com or call 800-223-0243 (+1-973-848-7250 outside the U.S. or Canada).
SOURCE The Journal of Commerce
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