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  • Maggie Mildenberger

US Port Review - July 2023

General Notes

 

Fuel Updates

  • Ocean Fuel (VLSFO) trended down through Q3 and Q4, the price was volatile throughout Q1. Through Q2, 2023 price has dropped slightly compared to Q1 and has been stable.

    • This fuel type is up roughly 25% over its 2019/2020 levels.

  • Diesel in the USA as the start of July is $3.77 a gallon (California is $1.00 more per gallon)

    • While diesel has seen slight declines throughout the first half of the year, the price continues to keep freight prices high.

    • Additionally, average diesel prices reported by EIA.gov are typically lower than truck stop prices, and are average across large sections of the country.

 

Data Analysis

  • May imports mirrored 2019, continuing the overall trend of 2023 mirroring 2019.

  • Import trends April to May mirror previous years with growth, and while the overall container import count is lower than last year, is still showing growth over 2019

  • East / Gulf Coast Ports continue to handle more volume than the west coast, by a small margin.

The PDF below is port-by-port review across the U.S. in July 2023 compared to 2022 & 2021.

US Port Review July 5 2023
.pdf
Download PDF • 645KB

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