The top 100 NVOCCs (Non-Vessel Operating Common Carriers) in the United States saw an 8% drop in inbound TEUs (Twenty-foot Equivalent Units) from July, after four consecutive months of increases. Compared to last August, TEUs for the top 100 NVOs are up by a slight 1%. Year-to-date for all NVOs, TEU imports are down by 4.4%.
August is an important month for imports because it has historically been a predictor of what retailers expect for the upcoming holiday season. Total imports for July and August are flat compared to last year. Many NVOs, however, are showing big increases. Christal Lines jumped to third on our list after doubling their import volume in August. Apex Shipping, fourth on our list, saw a noteworthy increase of 17% over August of last year. Overall, mixed figures suggest this holiday season will be similar to what we saw last year.
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About the 3PL News NVO Update
This report has been prepared exclusively for 3PL News by Zepol Corporation, a provider of the most complete and up-to-date trade data to organizations around the world. The data excludes shipments from empty containers, excludes shipments labeled as freight remaining on board, and may contain other data anomalies. For more information on Zepol’s industry-leading U.S. import/export data tools, please visit zepol.com