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  • mmildenberger

US Port Review - June 2023

General Notes

  • The ILWU (west coast dock workers) has not come to an agreement with the PMA. The ILWU contract expired July 1 2022. To date there has been no talk of a strike, with both sides working to negotiate a new contract.

    • Contract negotiation are still ongoing at the start of June, progress is being made in these negotiations.

  • At the start of June we see that all US ports are operating with minimal delays, and minimal vessels waiting.

    • Savannah, GA is the only possible exception with 9 vessels waiting.

 

Fuel Updates

  • Ocean Fuel (VLSFO) had been trending down through Q3 and Q4, the price was volatile throughout Q1, at the start of June it is down roughly 15% since January.

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

  • Diesel in the USA as the start of June is $3.85 a gallon (California is $0.96 more per gallon)

    • Diesel is still currently near its all-time high price. This 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

  • April imports are up slightly compared to 2019, but far below the previous 2 years.

  • March to April comparison, total container count into the USA – growth over the same period in 2021 and 2022!

  • 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 2023 compared to 2022 & 2021.

US Port Review June 1 2023
.pdf
Download PDF • 1.28MB

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