U.S. TEU (twenty-foot equivalent units) imports for the top 100 NVOCCs (Non-Vessel Operating Common Carrier) declined by 13 percent from March to April and totaled 431,000 TEUs. Although compared to April of last year, TEU imports actually increased by over 2 percent. The decline in imports from the top NVOs was consistent with total U.S. imports, which also dropped by 13 percent from March to April. Yet total U.S. imports from April of 2014 actually grew by a smaller one percent compared to this April.
The large decline in TEU imports from March to April is likely due to March being an unusually high month for U.S. imports. March experienced a surge in imports when strikes along the West Coast settled and stagnant shipments finally made their way onto U.S. docks. April imports may be leveling off after a crazy first quarter.
Out of the top 100 NVOs, 83 decreased TEUs from March but only 39 declined from April of 2014. The leading NVOs this April were Blue Anchor America Line, Expeditors International, and Christal Lines, all of which declined in TEU imports from March.
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About the 3PL News NVO Update: This is a 3PL News exclusive report created and written by Zepol Corporation. Zepol provides search access to over 150 million U.S. import and export bills of lading. The data excludes shipments from empty containers and shipments marked as freight remaining on board, and may contain other data anomalies. For more information on Zepol’s platform visit www.zepol.com.