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  • Maggie Mildenberger

US Port Review - November 2023

General Notes:

 

US Port Overview

  • At the start of November, we see that all US ports are operating with minimal delays.

    • We are now in the US peak season for container imports. If traffic follows a typical year expect a small uptick in transit and delays over the next few months.

 

Fuel Updates

  • Ocean Fuel (VLSFO) has increased from the summer time lows and is back to the price we saw in January. This cost is roughly twice the price in 2019-2021.

    • Diesel in the USA as the start of November is $4.45 a gallon (California is $1.45 more per gallon)

      • The cost of diesel continues to keep freight prices high.

        • Diesel has increased back to its 2023 high, eliminating the decreases we saw throughout the summer.

      • 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

  • September imports were in line with 2022, much higher than 2019.

  • West coast port load share edged ahead of the east coast in September.

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

US Port Review November 2023
.pdf
Download PDF • 588KB


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