The inbound shipping activity for the top 100 Non-Vessel Operating Common Carriers (NVOs), measured in TEUs, decreased by nearly 25% from January to February. The drop comes after an 11.8% increase from December to January. Compared to February of 2011, inbound TEUs for the top NVOs decreased a slight 2%.
Expeditors, the top NVO on our list, posted a decrease of 10% from last February, while Apex Shipping, ranked third, posted a 24% increase. Mitsubishi Logistics America Corporation, ranked 34th, is one of the few NVOs that showed an increase from January. Overall, the largest NVOs had some of the largest decreases in February.
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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 trade data tools, please visit www.zepol.com