United States-bound containerized freight imports saw continued growth in May, according to data recently issued by S&P Global Market Intelligence.
May imports, at 2.70 million TEU (Twenty-Foot Equivalent Units), rose 11% annually, following April’s 8% annual gain, with growth intact for the ninth consecutive month, following a 14-month stretch of annual declines. Total first quarter imports were up 11% annually.
On a year-to-date basis through the first five months of 2024, total U.S.-bound imports, at 12.77 million TEU, posted a 13% annual increase, over May 2023’s 11.33 million TEU tally. What’s more, for the same period in 2021 and 2022, imports each came in at 13.6 million TEU, respectively.
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Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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